Uganda Latest Business News, Investments , Opinion and Sports

Day: March 19, 2021

2 min read

Agago Leaders Want Review of UGX74 Million Valley Tank Construction Contract

2 years ago Business Detect

Leaders in Agago District have called for the review into the procurement processes for the excavation of a multi-million Valley...

2 min read

Uganda’s Oil and Gas Sector Mourns President Magufuli

2 years ago Business Detect

Uganda’s oil and gas industry is mourning the passing of Tanzania President, John Pombe Magufuli, which was announced Wednesday night....

1 min read

Feds seized nearly $700 million from FTX founder Bankman-Fried

2 months ago Business Detect

federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to...

1 min read

BUSINESS

Tesla plans to announce Mexico EV plant as soon as next week -Bloomberg News

3 months ago Business Detect

Dec 16 (Reuters) - Tesla Inc (TSLA.O) is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce...

2 min read

Dollar weak after soft U.S inflation data, focus switches to Fed

4 months ago Business Detect

The U.S. dollar struggled to gain a foothold on Wednesday after a sharp dive overnight on cooler-than-expected inflation data, which fuelled expectations that the Federal...

1 min read

Volkswagen and Italy’s Enel launch joint venture for high-speed charging

4 months ago Business Detect

Volkswagen (VOWG_p.DE) and Italy's Enel (ENEI.MI) have formed a joint venture to build 3,000 high-speed charging points across Italy for electric vehicles (EVs), investing 100 million euros ($105.38 million)...

2 min read

BUSINESS

Oil climbs as shut pipeline in U.S. adds to supply uncertainty

4 months ago Business Detect

Oil extended gains on Tuesday as a key pipeline bringing the resource to the United States remained shut, adding to concerns about potential tight supply...