Business

South Africa ex-ambassador seized over MTN dealings

Business
South African police arrested a former ambassador to Iran on corruption charges related to the award of a mobile-phone license to MTN Group Limited....

Uganda’s economy to expand at 6.3% in 2018/19, says IMF

Business
Uganda’s economy is expected to grow 6.3 per cent in the 2018/19 fiscal year, slightly higher than the 2018 rate of 6.1 per...

IMF puts gov’t on spot for not adhering to approved budgets as current expenditure escalates

Business
The staff of the International Monetary Fund (IMF) who were on the recent mission to Uganda have accused government of deviating from approved budgets,...

Tullow oil to receive $100m on its farm-down to CNOOC and Total

Business
Tullow Oil Plc expects a cash payment of US $100 million on its farm-down to CNOOC and Total, according to Paul McDade, Chief executive...

Airtel launches first 4G Internet across Uganda

Business
Airtel Uganda on Wednesday launched the first ever 4G Internet across the country at a ceremony that took place at the Kampala Serena International...
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