Business

Paris, France | AFP | A French court on Friday fined oil giant Total 500,000 euros ($575,000) for corruption over bribes it paid to secure a huge gas concession in Iran in 1997. The French company was accused of paying $30 million in bribes in return for help in securing …

Kampala, Uganda | THE INDEPENDENT | In a hustle to find a job, Peter Mubiru was introduced to the garbage world. Today Mubiru earns a living from collecting domestic waste across Kampala. Mubiru’s working day starts at 7 a.m., and unlike others, endures hours of standing at the back of a …

Kampala, Uganda | THE INDEPENDENT | Ongoing campaigns and preparations for the upcoming elections in the Democratic Republic of Congo (DRC) have given a boost to printing and graphics businesses in Kampala. Several traders operating along Nasser Road have secured numerous orders from DRC politicians in the run up to the …

Kampala, Uganda | FRANK MUGABI | Women Members of Parliament have called for the elevation of Uganda Women Entrepreneurship Programme (UWEP) groups to increase production with an eye on the export market. The MPs noted that many of the women groups they have visited are engaged in sectors whose products are …

Gatwick Airport, United Kingdom | AFP | Two people were arrested in connection with the “criminal use of drones” at London Gatwick Airport, police said Saturday, after three days of disruption affected tens of thousands of passengers during the pre-Christmas getaway. Drones were first sighted hovering around Britain’s second-busiest air …

Paris, France | AFP | US planemaker Boeing on Friday said it had agreed deals worth an overall $9.3 billion to sell 50 jets to Nigeria’s Green Air and 30 to Saudi carrier flyadeal. The company lauded the Nigeria accord, which includes a further 50 options, as the largest signed …

Kampala, Uganda | THE INDEPENDENT | The Governor of Uganda’s Central Bank Emmanuel Tumusiime Mutebile has insisted that he was right to close seven commercial banks between 1993 and 2017. Mutebile made the remarks on Thursday as he gave his closing remarks on the ongoing probe by parliament’s Committee on Commission’s …

Mutukula, Tanzania | THE INDEPENDENT | The Tanzania government has agreed to give clearance to businessmen exporting agricultural produce and sugar from Uganda. The agreement was reached on Wednesday in a meeting between the Minister of Trade for Uganda Amelia Kyambadde and Joseph G. Kahinda, the Minister for Industry, Trade …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has directed the Auditor General to carry out an audit into the sh478 billion injected into Crane Bank Limited by the Central Bank. The money was injected into the defunct Bank by the Central Bank …

Kampala, Uganda | THE INDEPENDENT | Music promoters and events managers have petitioned the Speaker of Parliament, Rebecca Kadaga to intervene in the suspended music concerts of Bobi Wine. The petitioners say they have incurred huge losses for failing to host concerts involving the Kyadondo East MP and artist, Robert Kyagulanyi …