India signs $100bn free trade deal with four European nations

Four European nations that are members of the European Union and India have signed a free trade agreement (FTA). According to India’s trade minister, the agreement with the European Free Trade Association (EFTA) will result in investments worth $100 billion (£77.8 billion). The EFTA is made up of Norway, Switzerland, Iceland and Liechtenstein. The announcement…

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Court orders India bank to disclose unidentified political donations

The Indian Supreme Court has given a government-owned bank one day to provide information about a contentious program that permitted individuals and businesses to give money to political parties in secret. The State Bank of India (SBI) requested an extension, but by Tuesday at the latest, data must be shared with election officials. By Friday,…

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Jinja hotels are not classified to host international conferences

Hotels in Jinja City, according to the Uganda Tourism Board (UTB), aren’t appealing enough to hold national and international conferences. According to the UTB, the official statutory government organization tasked with destination marketing and quality control of Uganda’s tourism facilities, none of the hotel establishments in Jinja City have received their three-star designation. According to…

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MTN’s  Shs 493 Bn Profit: Powered by Service, Voice, Data, and Fintech Revenue

In its latest financial report, MTN Uganda reveals robust growth and promising prospects for the future amidst challenging market conditions. Mobile subscribers surged by 13.3% to reach 19.5 million, contributing to a revenue of shs 493.0 billion. Profit After Tax (PAT) also saw a notable increase of 21.4%. The total dividend for 2023 rose by…

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EAC PETER MATHUKI APPOINTED KENYA’S AMBASSADOR TO RUSSIA 

President William Ruto has appointed East African Community (EAC) Secretary General Peter Mathuki as Kenya’s Ambassador to Russia. Mathuki was among the new Ambassadors unveiled by the president’s office on Saturday. Mathuki will be replaced by Ms Caroline Mwende. However, Mwende’s appointment will require the endorsement of the EAC Heads of State Summit. The development marks…

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