Business

  Kampala, Uganda | PARLIAMENT UG | Parliament has deferred the debate on the Investment Code Bill to allow the Ministry of Finance and legislators to harmonise positions on controversial clauses in the proposed law. The Bill, first presented to Parliament in May 2017 seeks to revise, modernize and replace …

Kampala, Uganda | THE INDEPENDENT |  Electricity distributor Umeme has spread its national environmental initiative to Mityana with a tree-planting exercise. Edward Ssebukyu, Commissioner for private schools and institutions in the Ministry of Education, on Friday officiated at the Umeme’s tree planting exercise at Kyankowe Primary School. The fruit and eucalyptus …

Kampala, Uganda |THE INDEPENDENT | The Resident Coordinator of the United Nations System in Uganda, Rosa Malango has said the relatively effective laws, policies and regulations governing the oil and gas sector should be replicated to streamline other sectors in the country. Addressing the 4th Oil and Gas Convention in …

Kampala, Uganda | THE INDEPENDENT | A batch of 22 internationally certified welders for the oil and gas sector have been passed out. The 22 certified welders, trained as trainers of trainees, were unveiled Thursday on the second day of the 4th Oil and Gas Convention in Kampala. The group …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association has launched the Shared Agent Banking System (SABS) in an effort to increase financial inclusion and enable spread and penetration of banking services in Uganda. Agent banking is an extension of banking services outside the conventional bank branches, where a …

Investment body to nearly double its staff to promote investment, create jobs Kampala, Uganda | IAN KATUSIIME | Jolly Kaguhangire, the executive director of Uganda Investment Authority (UIA) is marking her first anniversary on the new job with restructuring at the investment agency aimed at marketing Uganda as a profitable …

Paris, France | AFP | Billionaire French industrialist Vincent Bollore is being questioned in Paris over allegations that his conglomerate used corrupt connections in Africa to win port contracts. Founded in 1822, the Bollore Group, which is majority owned by the Bollore family, has diverse interests ranging from logistics and energy …

Washington, United States | AFP | Twitter reported its second consecutive quarterly profit Wednesday in a positive sign for the short messaging service after years in the red. The San Francisco-based social network earned $61 million in the first three months of the year, boosted by strong growth in advertising revenue …

Jinja, Uganda | THE INDEPENDENT | A ground breaking ceremony has taken place today to kick start the reconstruction of the Uganda Hotel Tourism and Training Institute (UHTTI) also known as the Crested Crane Hotel in Jinja. The re-development of Uganda Hotel and Tourism Training Institute is, according to officials, …

Kampala, Uganda | JULIUS BUSINGE | Tony Elumelu is the founder of The Tony Elumelu Foundation, which is currently running a 10 year –The Tony Elumelu Entrepreneurship Programme–worth US$100 million. The Independent’s Julius Businge captured some of the responses to the key issues raised during a public lecture on Africapitalism …