Business

Kampala, Uganda | IAN KATUSIIME | After a tough day of pitching ideas, four winning innovators walked away with UGX77m each from UNICEF to boost their capacity to provide solutions to socio-economic challenges affecting children mainly. The winning teams are SeatPack, Safe Water Harvester, KAINO Africa and Fine Reed innovates. They will also …

  Equity Group Holdings plans Trans-Africa expansion with $100 Million (Ksh 11 Billion) loan from the African Development Bank (AfDB)  ✳️ AFDB facility will support Equity’s expansion in East and Central Africa and ensure MSMEs have access to capital to recover and thrive in a Post COVID-19 Environment ✳ The …

Kasese, Uganda | THE INDEPENDENT |  The Fisheries Protection Unit-FPU has warned fishermen on Lake George against using pancakes to catch fish. This follows reports of fishermen who have adopted pancakes (kabalagala)  as a new method to make their catch.  The fishermen reportedly throw the pans into areas where they have …

Entebbe, Uganda | THE INDEPENDENT |  President of Uganda Yoweri Museveni and the President of  Tanzania Samia Suluhu today April 11, 2021 signed agreements to start full implementation of the East African Crude Oil Pipeline (EACOP) project. Museveni said he asked Suluhu for an April 11 signing, a day that was …

  Entebbe, Uganda | THE INDEPENDENT | The government of Uganda and its Tanzanian counterpart have today signed the East African Crude Oil Pipeline agreement that effectively signals the start of the construction of the pipeline that will transport Uganda’s oil from Hoima to the port of Tanga. The construction …

  PROGRAMME *⃣ 9.30am President Sulhu arrives Entebbe *⃣ 11.10am Pres Suluhu recived by Pres Museveni *⃣ 11.50am Tete-a-tete *⃣ 12.55pm Signing ceremony begins *⃣ 13.30pm Joint Communique *⃣ 2.pm Luncheon *⃣ 2.45pm Suluhu departs Kampala, Uganda |  THE INDEPENDENT|  Tanzania’s president Samia Hassan Suluhu is in Uganda to sign …

Beijing, China | XINHUA | Chinese President Xi Jinping has called for acting on the people-centered philosophy and fully implementing crackdown, prevention, regulation and control measures to resolutely curb telecom and online fraud. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the …

Gulu, Uganda | THE INDEPENDENT | The Electricity Regulatory Authority (ERA) has been faulted over the failure to address inconsistent power supply in Northern Uganda. The power regulatory authority has been accused of sabotaging business development and industrialization in the Northern Region due to intermittent and low power supply. General …

  Mbale, Uganda | THE INDEPENDENT | Two people have been arrested in Mbale for allegedly dealing with counterfeit money. The suspects are Rashid Mudebo a resident of Namanyonyi in Mbale City and Jacqueline Anzilim a Kenyan National from Busia.   They were arrested on Friday around ABSA Bank in Mbale …

Kampala, Uganda | THE INDEPENDENT | Centenary have finally filled the top job at the bank by appointing Joseph Kiwanuka Balikuddembe as Executive Director. It is a reunion for him, and Centenary Bank that are Uganda’s leading commercial microfinance bank, as he started his banking career with them. Balikuddembe brings to …