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Egg prices fall as supply goes up

EGGS: Kenya’s increase in supply spells doom to Ugandan farmers Kampala, Uganda | PATRICIA AKANKWATSA | Ugandan farmers are suffering losses from falling egg prices due to lost market opportunities in the region and high feed costs. Farmers and traders that spoke to The Independent said a tray of eggs …

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Rwand Air appoints an agent in Australia

  Kampala, Uganda | THE INDEPENDENT |  Rwanda’s national carrier, RwandAir, has appointed Airline Rep Services a General Sales Agent (GSA), a company division of the CVFR Travel Group as its representative for the region of Australia and New Zealand. The airline’s CEO, Yvonne Manzi Makolo, said the deal was accomplished …

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Sanlam to pursue bond default directors

Kampala, Uganda | THE INDEPENDENT |  Sanlam Kenya now wants directors of companies that defaulted on Ksh1.15 billion through corporate bond issues held personally liable for “misleading” the investment firm, according to Business Daily. CEO Patrick Tumbo said the company will take legal action against firms such as Kaluworks, a …

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Uganda, Tanzania set new deadline for oil pipeline agreement

Kampala, Uganda | THE INDEPENDENT | Uganda and Tanzania have agreed to complete and sign a Host Government Agreement for the East Africa crude oil pipeline by end of June this year. The new deadline comes after week-long negotiations between Ministers from Tanzania and Uganda. The protracted negotiations at Kampala …

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Behind Bitcoin’s collapse

The real cost of the digital cryptocurrency’s fall from grace Kampala, Uganda | THE INDEPENDENT | Bitcoin hit its highest valuation a year ago, reaching above £15,000 on some exchanges. Since then, a unit of the cryptocurrency has dropped 80% and is valued at less than £3,000. According to Sky …

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