Kampala, Uganda | THE INDEPENDENT | There is a new date for Uganda’s ‘First Oil’, which has now moved to 2022 from 2020, according to Energy Minister Irene Muloni. Addressing journalists in Kampala, Muloni said the delay is because the joint venture partners Total, China National Offshore Oil Company (CNOOC) and …
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Kampala, Uganda | THE INDEPENDENT | A modern Taxi Park complex has been opened in Arua Municipality. The complex consists of two storied buildings with space for close to 120 lockup shops, a supermarket, a restaurant and a paved area with a parking capacity of up to 50 taxis at ago. …
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Frankfurt am Main, Germany | AFP | German carmakers Daimler and BMW said Wednesday they had won final approval to merge their car-sharing services Car2Go and DriveNow, paving the way for the creation of a European giant to challenge the likes of Uber. In a joint statement, the companies said …
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Kampala, Uganda | THE INDEPENDENT | Deals valued at US $32.6 billion were recorded at the inaugural week-long Intra-African Trade Fair (IATF) which ended in Cairo on December 17, 2018, according to preliminary figures released by the African Export-Import Bank (Afreximbank). Afreximbank, which organized the trade fair in collaboration with the …
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Riyadh, Saudi Arabia | AFP | OPEC heavyweight Saudi Arabia on Tuesday announced an expansionary budget for 2019 but projected a shortfall for the sixth year in a row due to low oil prices. The new budget comes with the oil-rich kingdom reeling under strong international pressure over the murder …
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Kampala, Uganda | THE INDEPENDENT | Business is booming down town in Kampala as faithfuls countdown to Christmas. Hundreds of people have packed roads such as Namirembe near Old Taxi Park and Luwum Street near Mini Price shopping Centre to purchase merchandise from traders. Some of the merchandise on sell includes …
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Mogadishu, Somalia | THE INDEPENDENT | Ahead of its inaugural flight to Somalia in January 2019, Kenya’s national carrier, Kenya Airways, made a test flight to Mogadishu today, as part of routine preparations preceding the formal launch of the direct flight early next year. The carrier has leased a …
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Kampala, Uganda | ISAAC KHISA | Nile Breweries Limited, a subsidiary of the Belgium based AB InBev, has boosted its production capacity to meet the growing beer demand. Onapito Ekomoloit, the Director Legal and Corporate Affairs at NBL confirmed to The Independent that the beer company has added 250,000 hectoliters (25million …
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Kampala, Uganda | ISAAC KHISA | Coca-Cola Beverage Africa has expanded its sugar-free drink in the Ugandan market as it seeks to tap into the increasing health-consciousness consumers. The company says it has unveiled Stoney Zero Sugar, Fanta Zero Sugar, Coca Cola Zero Sugar and Sprite Zero Sugar as well as …
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President will shake up central bank, insiders say Kampala, Uganda | HAGGAI MATSIKO | When the committee investigating the central bank over closed banks starts querying the process surrounding the sale of Crane Bank, one particular question will arise again: How did you zero on dfcu Bank as the …
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