Business

Nebbi, Uganda | THE INDEPENDENT | Local investors in West Nile are demanding that the government improves the poor state of roads if the sub region is to become a key investment hub. The Investors made the appeal in Nebbi district, during the first West Nile investment summit organized by …

Agago, Uganda | THE INDEPENDENT | Five traders of Patongo Town Council in Agago district have been hospitalized after they were electrocuted on Saturday. The Chairperson of Patongo Business Community George Oloya Gwogwok told Uganda Radio Network – URN that the incident occurred while the traders were traveling from Patongo …

Tashkent, Uzbekistan | Xinhua | Uzbekistan will partly privatize several state companies, including Uzbekneftegaz, Thermal Power Plants, Uzbekistan Airways and automaker UzAuto Motors, according to a presidential decree on Saturday. According to the document signed by Uzbek President Shavkat Mirziyoyev, the government will hire an experienced investment bank by May …

Budapest, Hungary | Xinhua | Payment in rubles for Russian gas is not a violation of European Union sanctions, Hungarian government spokesperson Zoltan Kovacs said on Saturday. “The EU so far has no common procurement of gas and oil for European countries. So as we speak, we still go by …

Johannesburg, South Africa | Xinhua | Bank of China Johannesburg branch and Johannesburg Stock Exchange (JSE) signed here Friday a memorandum of cooperation (MOU) in order to promote the China-Africa economic and trade cooperation. Chen Longjian, CEO of the Bank of China Johannesburg branch, commended the efforts of JSE to …

Kampala, Uganda | THE INDEPENDENT | The Court of Appeal has upheld the conviction of a former Finance and Administration Manager at a Health NGO African Centre for Global Health and Social Transformation (ACHEST). Patrick Odele had run to the Court of Appeal in 2017 after the Anti- Corruption court …

Nairobi, Kenya | THE INDEPENDENT | The Democratic Republic of Congo-DRC was Friday officially admitted into the East African Community as the region looked to starting a new era in trade in mineral resources. The accession of DRC to the Treaty for the Establishment of the EAC is a declaration …

Nakasongola, Uganda | THE INDEPENDENT | The Nakasongola District Security Committee has resolved to establish a military detachment in Kalongo sub-county to fight rampant animal thefts. According to Nakasongola district authorities, between 10 to 20 heads of cattle are stolen each day in Nakasongola and sold in Kampala City. The …

Nairobi, Kenya | THE INDEPENDENT | The Democratic Republic of Congo has today  signed the Treaty of Accession to the East African Community (EAC) cementing their Admission as the 7th member of the EAC. The ceremony was witnessed by Presidents Yoweri Museveni of Uganda and Paul Kagame of Rwanda. “Our …

Kampala, Uganda | THE INDEPENDENT | MetropolitanRepublic Uganda (MRU) has named Derek Mwesigye as their new creative director. Managing Director, Josephine Muvumba said: “Derek and his team serve as the backbone of the agency. Winning pitches outside Uganda, in a more advanced market raises the confidence we have in our work, our …