Experts say the interest rates are very high Kampala, Uganda |Isaac Khisa| Micro-credit is fast becoming a darling to millions of Uganda’s population following the rollout of new credit windows between financial institutions and telecom firms. But financial experts are worried that the new products may not create as much …
Read More »
Tokyo, Japan | AFP | Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, went on trial in Tokyo on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its digital vaults. Here are some key facts about the world’s most …
Read More »
After the Rwanda Convention Bureau was established, visitors for conferences nearly doubled from 17,950 to 35,100 and revenue from MICE events increased from US$29.6 million in 2014 to US$47 million in 2016. Washington, US | THE WORLD BANK | Rwanda is shaping up as one of East Africa’s premier business tourism …
Read More »
VIDEO: President Museveni calls for peaceful eviction at Centenary Park Uganda | NBS TV UGANDA| President Yoweri Museveni has ordered Nalongo estates to vacate Centenary Park to avoid forceful eviction. The President finally ruled on the matter during a meeting at State House between the two warring parties, KCCA and Nalongo …
Read More »
London, United Kingdom | AFP | Belgian international striker Romelu Lukaku is set to join Manchester United for a reported £75million ($97m, 85.5m euros), a record fee between British clubs, after the buying club announced Saturday they had reached agreement with Everton. The 24-year-old’s signing — which the BBC says …
Read More »
East African Court of Justice rules on European Partnership Agreement EPA Arusha, Tanzania| EAST AFRICA COMMUNITY MEDIA | The First Instance Division of the East African Court had declined to grant orders sought by one Castro Pius from Tanzania, to stop the Partner States which have not signed the European Partnership Agreement …
Read More »
Seoul, South Korea | AFP | Samsung Electronics expects profits to soar 72 percent in the second quarter to a record high, it said Friday, as it moves on from a recall debacle thanks to rising memory chip prices and increased demand for smartphones. The South Korean tech giant estimated its …
Read More »
San Francisco, United States | AFP | Microsoft said Thursday it was cutting an unspecified number of jobs amid reports the US tech giant was reorganizing its global sales operations. “Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will …
Read More »
Paris, France | AFP | European plane maker Airbus said Thursday it received 203 firm orders for aircraft in the first six months of this year and delivered 306 jetliners. Airbus said in a statement that it received orders for 138 medium-haul A320 and long-haul A330 aircraft in June alone …
Read More »
VIDEO: D9 defies Central Bank directive Uganda | NBS TV UGANDA| D-9, is considered a shadowy multi-level marketing company by many but it has vowed to defy Bank of Uganda’s decision to freeze the company’s bank accounts. They insist they should have been consulted. The company, largely operating online, says its work …
Read More »
The Independent Uganda: You get the Truth we Pay the Price