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UBL in tree planting campaign

Kampala, Uganda | THE INDEPENDENT | On April 14, Uganda Breweries Limited under its Water of Life initiative kick started the planting of over 2000 indigenous trees on 40 hectares of land at Gangu Central Forest Reserve in Butambala District. This was part of the recently announced five year partnership where …

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IMF’s Lagarde warns against harming trade, investment

Washington, United States | AFP | With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery. IMF chief Christine Lagarde said escalating trade tensions could reverberate through the world …

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Angola passes law to attract foreign investment

Luanda, Angola | AFP | Angola on Thursday passed a law scrapping rules that previously forced foreign investors to partner with local firms, as President Joao Lourenco tries to revive the oil-dependant economy. Lourenco has vowed to pull in foreign investment after he succeeded Jose Eduardo dos Santos, who had ruled …

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Cafe Javas now in Nairobi, Kenya

  Nairobi, Kenya | THE INDEPENDENT | Cafejavas, a Kampala-based full-service, quick-casual, coffee-themed restaurant chain, has crossed the border from Uganda, taking their services to Nairobi, Kenya. It is a Mandela Group company. C.Js is the newest Coffee place / Gastronomy place in Nairobi – Koingage Street. Let these pictures …

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Oil theft ‘costing Libya over $750 mn annually’

Tripoli, Libya | AFP | Fuel smuggling is costing Libya more than $750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said. “The impact of fuel smuggling is destroying the fabric of the country,” NOC president Mustafa Sanalla …

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NWSC’s Dr Mugisha handed more honours in London

    London, UK | THE INDEPENDENT | The Academic Union Oxford Council in the UK has awarded National Water and Sewerage Corporation MD Dr. Eng Silver Mugisha the title of the Honorary Professor of the Academic Union Oxford in the field of business and management. The honorary title is …

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Insurance companies to share oil sector risks, benefits

Kampala, Uganda | JULIUS BUSINGE | As Uganda makes steps towards getting first oil in 2020, insurance companies are working on mechanisms of partnering to share risks and benefits that will manifest. Speaking to journalists on the sidelines of a press conference on the upcoming oil and gas convention to be …

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World Bank: African Economic growth at 3.1% in 2018

Kampala, Uganda | THE INDEPENDENT | The World Bank projects Sub-Saharan Africa to garner an economic growth of 3.1 percent in 2018, and increase of over one percent from 2017. Recent data in the Africa Economic Update released Wednesday afternoon point to a moderate strengthening of economic growth in early 2018. …

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Kampala set for 4th Oil and Gas convention

      Kampala, Uganda | JULIUS BUSINGE | Oil sector leaders are warming up to deliver new developments regarding oil and gas sector for Uganda next week. This will be at the 4th annual Oil and Gas Convention scheduled for April 25-26 at Kampala Serena Hotel, where hundreds of …

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