Kampala, Uganda | Christopher Adam | A number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US dollars. The dollar is the dominant currency in international transactions. These countries rely on the U.S. currency to pay for foreign debts, essential goods and industrial …
Read More »Bank of Uganda: Oil will attract FDI in excess of $15bn in the medium term
Kampala, Uganda | THE INDEPENDENT | In an exclusive interview with the African Business, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, talks about how the bank is dealing with inflation and the opportunities presented by oil and gas projects in the country How would you describe the current …
Read More »Life insurance catching up with the non-life insurance segment
Kampala, Uganda | THE INDEPENDENT | Uganda Insurers Association has unveiled a campaign dubbed Wewanile to rally the population to purchase life insurance services. The Independent caught up with UIA CEO Jonan Kisakye to highlight the significance of the campaign and life insurance growth prospects. What is your assessment of the …
Read More »Millennials lead in car purchases on loan
Kampala, Uganda | ISAAC KHISA | Ugandan’s are now embracing use of loans to acquire cars of their choice as they strive for a convenient transport means. Faith Margaret Naikayu, the Commercial Manager at Autochek Uganda, a digital car financing marketplace in an interview spoke about the new trends in car …
Read More »Africans telling African conservation stories
Kampala, Uganda | THE INDEPENDENT | In 2017, two South African National Geographic Explorers and filmmakers, Noel Kok and Pragna Parsotam-Kok created the Nature, Environment and Wildlife Filmmakers (NEWF), which empowers Africa’s next generation of storytellers to promote conservation through film. “We are building an army of young, inspired producers, directors, …
Read More »When a country sponsors foreign sport
Is it a good idea? The case of South African Tourism sponsoring football club Tottenham Hotspur and Rwanda Kampala, Uganda | Brendon Knott | South African Tourism (SA Tourism) is reported to be planning to spend US$52 million (about R900 million) to sponsor UK football team Tottenham Hotspur over three years. The …
Read More »Stagflation, debt distress, financial innovation
Professor Emeritus of Economics at New York University, Nouriel Roubini speaks to Project Syndicate (PS) on that and more. Project Syndicate: In your latest PS commentary, you reaffirmed your expectation that monetary authorities’ efforts to rein in inflation will “cause both an economic and a financial crash,” and that “regardless …
Read More »Motor vehicle inquiries remain high but sales are on a declining trend
Ugandan population has always treasured owning motor vehicles because of a poor transport network. But the actual sales in the past few months have been on a decline amidst continued growth in inquiries. Autochek Uganda’s Country Manager, Jacob Muddu, in an interview with The Independent shares some insights about the …
Read More »10 Misconceptions about the Tilenga & EACOP Projects
SPECIAL FEATURE | THE INDEPENDENT | TotalEnergies answers the most frequently asked questions relating to Tilenga & EACOP projects in Uganda and Tanzania. ******** QUESTION: Why is TotalEnergies embarking on the Tilenga and EACOP projects when scientists from the Intergovernmental Panel on Climate Change, the International Energy Agency and the …
Read More »MTN MoMo customers to access a spectrum of financial services on the go
MTN MoMo Uganda has concluded its maiden interest payment to customers who had a minimum of Shs1 and above for the second quarter of 2022. Richard Yego, the company’s managing director shares some insights about the implications of the interest payout and the industry going forward. What do these MTN …
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