Business

Kampala, Uganda |  THE INDEPENDENT |  “With the advancement of information technology will come more sophisticated crime”. This and other related statements are commonly used by even those who advance the need for a digitally-led society.  This, therefore, means that the advancement in IT is a necessary evil, which will …

Kampala, Uganda |  THE INDEPENDENT |  Uganda’s banking sector has joined Diamond Trust Bank in the fight to overturn a court judgement that saw DTB lose a 42 billion Shilling case to Ham Enterprises. The industry fears that this decision if implemented, will have far-reaching consequences on the industry. Ham …

  Kampala, Uganda |  THE INDEPENDENT |   Only fifty of the 240 registered airport taxis will operate each day in the first phase of the reopening of Entebbe International Airport.   The first phase covers October to December 2020, while the second phase ends June 2021.  The move is aimed at …

Kampala, Uganda |  THE INDEPENDENT |   The High Court Commercial Division has ordered Diamond Trust Bank Uganda and Kenya to refund more than 120 Billion Shillings they illegally deducted from two accounts of businessman Hamis Kiggundu. In August 2020, Kiggundu petitioned the court after 85 billion Shillings and 34 billion …

Geneva, Switzerland | Xinhua | World merchandise trade is expected to fall by 9.2 percent in 2020, followed by a 7.2-percent rise in 2021, the World Trade Organization (WTO) said on Tuesday in its revised trade forecast. In April, the WTO had predicted a decline in the volume of world …

Girl Child ‘takes over ‘as Chief Executive of Stanbic Bank Kampala, Uganda | THE INDEPENDENT | Esther Nakamanya, 14 has emphasized the invaluable contribution girls and young women can make in the corporate sector if given the chance in a free and non-violent online environment. In commemoration of the International Day …

Total Chairman and Chief Executive Officer says ‘Africa is to remain at the Heart of Total’s Strategy’ Kampala, Uganda | THE INDEPENDENT | The Chairman and Chief Executive Officer of Total, Patrick Pouyanné, has said “Africa is to remain at the Heart of Total’s Strategy.” He was speaking ahead of …

Addis Ababa, Ethiopia | XINHUA | The African Union (AU) Commission on Sunday called for addressing non-tariff barriers in order to realize the major aspirations of the African Continental Free Trade Area (AfCFTA) Agreement. “The African continent is about to become the world’s largest free trade area. If not addressed, non-tariff …

New York, US | XINHUA | Wall Street’s major averages climbed modestly in the week as investors focused on news about U.S. President Donald Trump’s positive test for COVID-19 as well as updates of a fresh round of U.S. fiscal stimulus. For the week ending Friday, the Dow added 1.9 percent, …

Lango, Uganda |  THE INDEPENDENT |   The National Agricultural Research Organization- NARO with support from the European Union has launched a 25 Billion Shillings project to address poverty and malnutrition under the Development Initiative for Northern Uganda -DINU.     The Chase Hunger and Poverty project will focus on promoting production for …