Business

Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank and MTN Uganda Limited have signed an agreement to allow MTN Mobile Money collections for corporate and business clients directly into their bank accounts, officials said in a press release shared on Sept. 15. The new service is called Straight2Bank Wallet Collections …

San Francisco, United States | AFP | Google on Thursday fired off invitations to an October 4 event at which the US tech giant is expected to field a second-generation Pixel as its new champion in the competitive smartphone market. The internet giant behind Android software for powering mobile devices also …

Uganda Government issues Kanywataba petroleum exploration license to Armour Energy Limited Kampala, Uganda  | JULIUS BUSINGE | Uganda has handed over the petroleum exploration license in the Kanywataba block in the Albertine area to an Australian company – Armour Energy Limited. Speaking at a press conference at the Ministry of Energy offices in Kampala …

Tokyo, Japan | AFP | German carmaker Volkswagen is aiming to sell 1.5 million electric cars in China by 2025, its boss was quoted as saying Thursday, seeking to capitalise as Beijing mulls a clampdown on polluting vehicles. Speaking on the sidelines of the International Motor Show in Frankfurt, Chief Executive …

Ahmedabad, India | AFP | India’s first bullet train project, a $19-billion initiative linking Ahmedabad to Mumbai, was launched Thursday as Indian Prime Minister Narendra Modi and Japanese counterpart Shinzo Abe hailed fast-growing ties between Asia’s two biggest democracies. The project is seen as emblematic of warming relations between New Delhi …

Court advises Sudhir and BOU to talk or one of them risks losing the battle Kampala, Uganda | GODFREY SSALI | Head of the Commercial Court Judge David Wangutusi has advised Bank of Uganda (BOU) and businessman Sudhir Ruparelia to explore an amicable settlement of their differences or else one of them will be …

Frankfurt am Main, Germany | AFP | Automakers descended on Frankfurt Tuesday to show off their latest innovations at the glitzy International Motor Show (IAA), even as the spectre of tough new environmental rules and a string of no-shows took some of the shine off the event. On the surface, there …

COMMENT | By Amos Wekesa | After reading The Daily Monitor yesterday and seeing Justice Stephen Kavuma back, I told a business friend of mine that we urgently need to form a task force that will educate Ugandan politicians, civil servant basics of investment while one can. If we don’t do …

Washington, United States | AFP | Republican lawmakers on Tuesday proposed making it easier to buy silencers for firearms, scandalizing Democrats. The proposed legislation aims mainly to benefit hunters or owners of firing ranges and contains several provisions, including the one on silencers. Since 1934, a government permit has been required …

MTN strikes deal with NSSF,  backs formulation of mobile money law Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) has added the mobile money platform as an option for Ugandans to make their contributions. “We are making saving easier for Ugandans and more convenient on their phones,” said NSSF …