Business

Court grants 20M cash bail to five Total Uganda staff members

Business
Five senior members of staff of a petroleum firm, Total Uganda have been granted 20million cash bail after spending four days in jail. The company...

Absa gets banking licence after acquiring Barclays Bank

Business
Absa has been granted banking licence to operate in the country after the sell-down by Barclays PLC of its majority shareholding in Barclays Africa...

Fly Emirates registers 8 percent profit and 7.9 percent passengers increase

Business
The Emirates Group has announced its half-year results for its 2019-20 financial year registering 8 percent profit, 7.9 per cent in increase passengers. Group revenue was US$...

Tullow Oil says too early for new FID date on oil project as Energy Minister reveals govt has solution

Business
Tullow Oil has said it is still too early to give a new timeline on a final green light for investment in Uganda’s first...

COMESA, TMEA in deal to promote trade in the region

Business
COMESA and the Trade Mark East Africa TMEA recently signed a Memorandum of Understanding to promote trade in the region by removing obstacles that...
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