Documentary products such as guarantees, letters of credit and supply chain finance are the “core solutions that the lender expect to see continued demand for” from Chinese corporates ANALYSIS | FELIX THOMPSON | Pan-African lender Absa Bank is anticipating a significant rise in trade finance revenues on goods flows linking China …
Read More »Afreximbank’s Export Development Fund opens office in Kigali
The Fund is expected to tackle Africa’s $110 billion equity financing gap Kampala, Uganda | THE INDEPENDENT | Pan African multilateral lender, African Export – Import Bank has unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap …
Read More »Court orders UPDF officer to vacate office of LCV chairperson
Kampala, Uganda | THE INDEPENDENT | The Court of Appeal in Kampala has ordered the Abim District LCV Chairperson Yuventine Omara to vacate office after he was elected when he was still a serving Officer in the Uganda People’s Defence Forces. The court has also ordered that John De West Ariko …
Read More »Two senior Uganda Railways officials charged with abuse of office
Kampala, Uganda | THE INDEPENDENT | Two senior officials with the Uganda Railways Corporation were arraigned before the Anti-Corruption Court and charged with abuse of office. The two including Tom Kimera, the senior procurement officer and Maliza Mukembo Tibewolwa, the senior human resource and administration officer were arraigned before the Anti-Corruption …
Read More »Amazon warns workers staying away from office
Kampala, Uganda | THE INDEPENDENT | Amazon staff in the US received a warning email from the firm for not spending enough time in the office after their attendance was tracked, BBC reported on Aug.11. Some employees were told they were “not currently meeting our expectation of joining your colleagues in …
Read More »Uganda Netball Federation president returns to office
Kampala, Uganda | THE INDEPENDENT | Uganda Netball Federation (UNF) President Sarah Babirye Kityo has returned to office amidst tension. In April, Kityo was asked to step down by the Minister for Education and Sports, Janet Museveni, in a meeting attended by National Council of Sports-NCS General Secretary Patrick Ogwel, State …
Read More »UNBS boss sent on six month forced leave for abuse of office
Kampala, Uganda | THE INDEPENDENT | Minister of Trade, Industries, and Cooperatives, Francis Mwebesa has sent the Executive Director of Uganda National Bureau of Standards (UNBS), David Livingstone Ebiru, on a six months forced leave over allegations of fraud and misconduct. Ebiru’s suspension from office was contained in a letter dated …
Read More »UBF operations paralyzed as office remains locked over rent arrears
Kampala, Uganda | THE INDEPENDENT | Uganda Boxing Federation (UBF) offices remain under lock and key. The offices located at the MTN Arena within the Lugogo Sports Complex were closed last month over unpaid rent arrears of 10 million Shillings. UBF pays 500,000 shillings a month in rent which therefore means …
Read More »NWOYA: Speaker gives RDC two months ultimatum to vacate office
Nwoya, Uganda | THE INDEPENDENT | The Nwoya District Speaker, Tonny Okello has asked the Resident District Commissioner, Christopher Omara to vacate his office block within two months. In the letter dated 27th March 2023 addressed to Omara, the Speaker said that the office was in the year 2019 temporarily allocated …
Read More »‘Prioritise RDCs’ office accommodation’
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have beseeched the Office of the President to prioritise the construction of office accommodation for Resident District Commissioners (RDCs). This arose from the Auditor General’s report for the Financial Year 2020/2021 which revealed that out of the 146 RDCs, only 107 have space …
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