Kampala, Uganda | THE INDEPENDENT | The fight against illicit financial flows and money laundering is being limited by the lack of knowledge of the industry by the actors, according to the Financial Intelligence Authority (FIA). According to FIA, the country has put in place most of the regulatory requirements …
Read More »Shell Helix ‘Bikula Bonnet and Win’ promotion to reward 15,000 motorists
Kampala, Uganda | THE INDEPENDENT | Vivo Energy Uganda has launched a 10-week ‘Bikula Bonnet and Win’ promotion with Shell Helix motor oils today. ‘Bikula Bonnet’, meaning ‘open your car bonnet’ is set up to reward over 15,000 motorists with instant prizes upon either topping up their engine oil or servicing their …
Read More »Safaricom’s ‘Lipa Na M-pesa’ model comes to South Africa – courtesy of MTN
MTN launches paperless payment service, MomoBusiness in South Africa as it seeks to replicate Safaricom’s Lipa Na M-pesa’s success in Kenya. SPECIAL REPORT | BIRD AGENCY | MTN has unveiled MoMoBusiness wallet, a suite of payment solutions to tap into the growing demand for cashless transactions in the South African …
Read More »Mushroom millionaires in the making, thanks to this 62-year-old expert
With annual demand for mushrooms of 1200 tonnes and local production of only 500, a Kenyan mushroom expert with 35 years of experience is training young growers to become millionaires. SPECIAL REPORT | BIRD AGENCY | In a cosy workshop in Eldoret in western Kenya, Jackton Onyango Otieno, a down-to-earth, …
Read More »How Africa-based banks are structuring global transactions
The case of Bank One, part of I&M Group PLC ANALYSIS | AGENCIES | Thavin Audit, Acting Head of International Banking, Bank One, talks about the key role that Mauritius-based banks are playing in Africa by structuring transactions through their international banking divisions to shape investor interest and channel funds towards …
Read More »Oranto’s oil licenses in Albertine have expired
Kampala, Uganda | THE INDEPENDENT | The oil and gas sector could suffer a setback following the expiry of the exploration licenses granted to Oranto Petroleum Limited (OPL). Oranto Petroleum has been operating in Uganda under two licenses for the Ngassa Shallow and Deep Play in Kikuube district in the …
Read More »Minister challenges manufacturers to work on quality that meets international standards
Kampala, Uganda | THE INDEPENDENT | The State Minister for Trade, Industry, and Cooperatives, Harriet Ntabaazi, has urged Ugandan manufacturers to enhance the quality of their products to meet international standards. She emphasized that this is crucial for positioning Uganda as a significant player in the global market, ultimately promoting …
Read More »BOA searching for ‘whistleblower’ of reports on alleged deposit mismanagement
Kampala, Uganda | THE INDEPENDENT | Bank of Africa Uganda (BOA) is investigating the source and motives behind a number of letters circulating about deposit management at the bank. The letters posted on various social media sites point to a number of incidents deemed unprofessional and illegal, allegedly committed by …
Read More »Annual meetings of World Bank Group, IMF open in Morocco
Marrakech, Morocco | Xinhua | The World Bank Group and International Monetary Fund (IMF) annual meetings opened Monday in the southern Moroccan city of Marrakech. The meetings will run from Monday through Sunday and are expected to gather more than 12,000 participants, including 190 delegations led by finance ministers and …
Read More »Small biscuit factory shows that shifting from wheat to sweet potato flour could be a win for African bakers
In 2022, Adeline Pelage and her husband risked everything to shift their small biscuit factory from baking with wheat flour to locally ourced sweet potato flour. They haven’t looked back. SPECIAL REPORT | BIRD NEWS AGENCY | It’s a six-story climb to get to the rooftop that houses the small …
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