Afreximbank says China and India have consolidated their positions as the continent’s single largest trading partners Kampala, Uganda | ISAAC KHISA | Africa’s output grew by 3.4 per cent between 2017 and 2018 despite the slowdown in global growth during that period, according to the African Export-Import Bank’s latest report. The …
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The bank’s assets grew 15% to $15 billion in 2018 Kampala, Uganda | ISAAC KHISA | Shareholders of Africa Import-Export Bank (Afreximbank) are set to earn $69million as dividends following record growth in profits in 2018. Last year, shareholders earned $57.53million. The decision was reached during the Annual General Meeting …
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The oil and gas sector continues to interest different players hoping to make some money out of it. Kampala, Uganda | JULIUS BUSINGE | At one of the events organised by the Petroleum Authority of Uganda and National Environment Management Authority, a big crowd of 8, 000 people attended to …
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Kampala, Uganda | THE INDEPENDENT | The Financial Intelligence Authority (FIA) says it is registering more entities to report cases of money laundering because launderers are now opting for non-traceable transactions. The authority recently announced that car dealers would be required to register with it, in a move to curb …
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TECH ANALYSIS | THE INDEPENDENT | Silk Road. Cryptocurrencies. Drug markets. Stolen databases and disturbing content. These are just a few keywords associated with the dark web, and not many people dare to dig deeper to understand the true and ambiguous nature of the underbelly of the Internet. The …
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They see opportunities for business, economy in FY2019/2020 Kampala, Uganda | JULIUS BUSINGE | Conversations on the recently read new budget are gaining momentum amongst key players like chief executive officers of corporate firms. The executives, from key sectors of banking, manufacturing, industry, information technology, agriculture, trade are believed to …
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Elly Twineyo Kamugisha is an economist and the current executive director for the Uganda Export Promotion Board (UEPB). He spoke to The Independent’s Julius Businge on why it is urgent for the government to heavily engage in export development activities. What is new at the Uganda Export Promotion Board …
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Nairobi, Kenya | THE INDEPENDENT | Bob Collymore died early today, Safaricom PLC has announced. “Our beloved CEO Bob Collymore has passed. We extend our deepest condolences to his family, our colleagues, partners and the nation at large,” Safaricom stated. He has been battling cancer. Safaricom is a listed mobile …
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Accra, Ghana | AFP | Kwame Boadu was forced to abandon his cocoa plantation to work in Ghana’s capital Accra, but when the government announced plans for a price floor he began dreaming of a return to his fields. A higher guaranteed price for the crop means a cocoa farmer “can afford …
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Kampala, Uganda | THE INDEPENDENT | Commissioner for Customs Dicksons Kateshumbwa has been elected Chairperson of the World Customs Organization (WCO) Council in Brussels. Kateshumbwa has been the WCO East and South African region Vice Chairman. The Uganda Revenue Authority customs takes over from Uruguay’s Enrique Canon. “I thank the Global …
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The Independent Uganda: You get the Truth we Pay the Price
