Business

French domination sparks fight with Chinese   Kampala, Uganda | HAGGAI MATSIKO | Oil companies—Total E&P, Tullow Oil and CNOOC—are locked in a bitter fight for control of Uganda’s oil sector.  The coveted prizes are deals worth about $20 billion. The three entered a partnership in 2012 when Tullow Oil, which …

Kampala, Uganda | THE INDEPENDENT | The umbrella organization of insurers, the Uganda Insurance Association, has intensified a motor insurance awareness drive as part of its countrywide insurance literacy campaign. Miriam Magala, the chief executive officer of UIA said on Nov 29 that as part of the campaign, the association has …

Kampala, Uganda | THE INDEPENDENT | Jumia Food, a leading online food delivery service has announced that customers in Kampala can now get KFC meals delivered to their doorstep through the Jumia Food App. Ron Kawamara, Managing Director for Jumia Food East Africa said: “KFC is one of the most loved …

Kampala, Uganda | THE INDEPENDENT | This holiday season, DStv Uganda is offering its customers an array of promotions to enable its customers to get discounted decoders and bouquets. Phoebe Nakabazzi, the DStv Uganda Marketing Manager in Uganda said DStv has revamped its hardware offer of Shs132, 500 to include one …

Kampala, Uganda | THE INDEPENDENT | In response to the October monetary policy statement by the Bank of Uganda and the decision to reduce the Central Bank Rate by 0.5 percentage points to 9.5 %, Stanbic Bank has matched the Central Bank’s rate cut by reducing its Prime Lending Rate from …

  Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has, once again, strongly warned all technocrats in government ministries and departments to immediately stop frustrating foreign investors who come to Uganda to add value to the county’s products. Museveni specifically directed officials from the Department of Minerals in the …

London, United Kingdom | AFP | A non-existent restaurant supposedly based in a garden shed briefly became London’s top eating place on travel and restaurant website TripAdvisor, who on Thursday hit back at the hoaxers. “The Shed at Dulwich”, based in a south London back garden, offered invited guests conceptual …

LAMA DI RENO, Italy | AFP | From forced labour in Libya to a job as a founding member of an Italian fashion start-up, Bassirou has come a long way in two years, thanks to his skills with scissors. The 26-year-old Burkina Faso native is the star student of a …

Social security funds to tackle key areas in education, IT to accelerate pension growth Kampala, Uganda | JULIUS BUSINGE | How can African governments ensure that the working population has some sort of social security at old age? That was the main issue discussed during the two-day East and Central Africa …

Moscow, Russia | THE INDEPENDENT | Uganda and Russia have started preparations for the  upcoming 2nd Inter-governmental Commission aimed at improving trade and strenghthening relations between the two countries. The 2nd Uganda-Russia Intergovernmental Commission is scheduled to take place in May 2018. The Ugandan delegation to the meeting will comprise both …