Africa has launched motorcycle loan facility targeting boda-boda operators, Patrick Okino and Bonney Odongo report. The �Easy ride� loan, launched on Friday, saw 22 motorbikes handed over to a Lira-based boda-boda association. Michel Kahn, the Bank of Africa managing director,...
British oil exploration company Heritage Oil PLC said Monday it has agreed to sell its stakes in two Ugandan fields to Italy's Eni SpA for up to $1.5 billion. Heritage said it had signed a binding letter of intent to...
Oil has a new partner in Uganda following UK explorer Heritage Oil 's decision to sell its Ugandan interests to Italy 's Eni for up to $1.5bn (€1bn). Analysts said the deal made strategic sense, as the Ugandan fields were...
The presidents of Kenya, Tanzania, Rwanda, Uganda and Burundi are expected to agree to the free movement of people and goods across the region. It is hoped that the deal will lead to greater economic clout for the region...The East...
Tullow Oil is "seriously considering" the purchase of Heritage Oil's Ugandan assets, scuppering an agreed $1.5bn deal by Eni SpA. Tullow and Heritage are equal partners in Blocks 1 and 3A in Uganda’s Lake Albert. Eni, Italy’s biggest energy company,...
Education Standards Are Falling, Say Experts Isaac Khisa and Flavia Lanyero 12 October 2009 Kampala — With unemployment ravaging the nation, the quality of Uganda's education has come under the spotlight, with many stakeholders suggesting education is in decline.
Tuesday, 1st December, 2009 THE shilling remained flat versus the US currency on Tuesday, but was expected to appreciate mildly in the coming days, dealers said. Leading commercial banks posted the local unit at 1,868/70 against the dollar from Monday�s close...
IGG Drops Charges on Bakoko Bakoru Edward Anyoli 13 October 2009 Kampala — THE Inspectorate of Government (IGG) has dropped charges of abuse of office against former minister Zoe Bakoko Bakoru.
In a bid to save over 8000 people who are now jobless, the uganda industry association through its chairman Sandor Walusimbi has appealed to government to consider lifting the ban on the manufacturing, distribution and sale of gin packed in...
The development comes after AIU Holdings, the mother company of AIG Uganda, announced in July it would re-brand its worldwide operations to Chartis. �AIG Inc. announced in July that it would change the name of its global short and accident...
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