Business

LONDON | Xinhua | London’s Heathrow Airport remains closed until midnight Friday due to a “significant power outage” caused by a fire at a nearby electricity substation, a spokesperson said. The outage has affected the entire airport, with no clear timeline for power restoration. “To maintain the safety of our …

But the economy is expected to rebound in the subsequent year if oil exports resume, offering a potential path to recovery. Juba, South Sudan | THE INDEPENDENT | Oil rich South Sudan’s economy is projected to contract by 30% in the Financial Year 2024/25 that ends in June due to disruptions …

KAMPALA, UGANDA | THE INDEPENDENT | The Governing Council of the East African Development Bank (EADB) is mulling increased lending and corporate social investment programs to the private sector to create jobs, especially for youth and women. This was revealed during the ordinary meeting of the EADB Council held in …

INTERVIEW | South Africa has taken over the presidency of the world’s premier economic forum, the G20, from Brazil. The G20 presidency operates on a troika system made up of the current, previous and next holders. The three members cooperate with one another in preparing for an annual summit. This means …

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This initiative is expected to benefit one million additional residents and includes the installation of 2,600 prepaid meters in informal settlements to enhance water access Kampala, Uganda | THE INDEPENDENT | Uganda government has secured Shs 340 billion ( €85 million) loan from the French Agency for Development (AFD) to expand …

Equity Bank expands support for women in Micro Business in Masaka; Work-life balance preached at Abakyala Ku Ntiiko Event Masaka, Uganda | THE INDEPENDENT | For the second time in one week, Equity Bank Uganda brought women entrepreneurs, financial experts and industry leaders under one roof as the Abakyala Ku Ntiiko reached Masaka on …

BRUSSELS | Xinhua | European shares dropped this week as a broad sell-off took hold, fueled by mounting concerns over the fallout of “Trumpcession,” a term coined by economists to describe the turbulence triggered by “erratic” trade and economic policies of U.S. President Donald Trump. The escalating strain in transatlantic …

Kampala, Uganda | THE INDEPENDENT |  Crown Beverages Limited (CBL), in strategic partnership with WastePays and support from PepsiCo Sub-Saharan Africa, is significantly expanding its commitment to sustainable waste management on Global Recycling Day. CBL, the authorized bottler of PepsiCo beverages in Uganda, is actively driving impactful recycling efforts across the country. …

Mukono, Uganda | THE INDEPENDENT | The construction of a modern market in Mukono District under the Greater Kampala Metropolitan Area Urban Development Program (GKMA-UDP) hangs in balance due to a lack of land. The district local government has struggled to secure land with a valid title, a key requirement from …