Kinshasa, DR Congo | AFP | Swiss food giant Nestle announced Sunday that it would close its factory in Kinshasa, capital of the Democratic Republic of Congo, a potential market of 80 million people but one beset by poverty and political instability. “We will close our factory and offices by the …
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Kampala, Uganda | JULIUS BUSINGE | Sadolin Paint injected Shs 50 million in the just concluded Uganda Society of Architects Annual General Meeting (AGM), a move that company officials said would boost the association’s work thereafter. Speaking to The Independent on the sidelines of the AGM at Pearl of Africa Hotel …
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THIS WEEK: CIC Insurance to sell insurance in the extractive industry Kampala, Uganda | THE INDEPENDENT | Regional insurance firm, CIC Insurance, is set to unveil a comprehensive cover targeting mining, oil and gas industry players, according to Kenya’s Business Daily. Group general manager for marketing and distribution, Joseph Kamiri, said …
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THIS WEEK: Airtel rewards more in Yoola Amajja promo Kampala, Uganda | THE INDEPENDENT | On Nov. 24, Airtel Uganda awarded more customers in its Yoola Amajja promotion for the third draw. Isaac Sententembe, a mechanical engineering student at Bugema University won Shs1.1 million. Sententembe said he would use his …
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Four things the Paradise Papers tell us about global business and political elites and what needs to change COMMENT | RONEN PALAN | The so-called Paradise Papers may sound familiar – leaked documents from a law firm that specialises in offshore services reveal how the global elite avoids paying taxes. Even …
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Kampala, Uganda | JULIUS BUSINGE | On Nov. 21, Sanlam Emerging Markets Proprietary Limited (SEM) announced that its subsidiary, Sanlam General Insurance Uganda Limited (SGIU), had successfully concluded the acquisition of close to a 100% interest in the share capital of Lion Assurance Company Limited (LAC) in Uganda, from Trans Industries …
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But what are the real opportunities and the rituals? Kampala, Uganda | JULIUS BUSINGE | If holding hands, beaming smiles, and signing piles of Memoranda of Understanding (MoUs) is a measure, then Tanzanian President John Pombe Magufuli’s visit to Uganda from Nov.9 – 11 was a total success. The brotherly romance …
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Kampala, Uganda | AGNES. E. NANTABA | What could get a young electrical engineer in the top rungs of an international oil and gas corporation to quit and instead venture into her private start-up with an unclear future? For Maxima Nsimenta, founder and CEO of Livara Natural and Organic Cosmetics, it was …
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Hike in trade licence fees and tedious property transfer blamed Kampala, Uganda | ISAAC KHISA | Uganda has slid back in the World Bank’s Ease of Doing Business ranking dropping seven places to 122 out of 190 economies. It is the sixth time in seven years that the East African nation …
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Deloitte, an international Audit firm operating in Uganda is working on a plan with the Ministry of Trade Industry and Cooperatives to aid small and medium enterprises (SMEs) grow their enterprises and boost economic growth. Its Managing Partner in Uganda, Norbert Kagoro, spoke to The Independent’s Julius Businge about their …
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The Independent Uganda: You get the Truth we Pay the Price