Kampala, Uganda | THE INDEPENDENT | Parliament has rejected a proposal by the government to allocate sh484.2 billion to recapitalize the Bank of Uganda (BOU) , reducing it to sh200 billion. The changes were made on Friday as Parliament adopted the report by parliament’s Finance Committee on the Finance Sector …
Read More »Boeing says suffering $1 bn hit from 737 MAX crisis
New York, United States | AFP | Aviation giant Boeing has suffered a $1 billion hit to its bottom line amid the crisis over its 737 MAX aircraft after two deadly crashes that grounded the plane and halted deliveries, the company said Wednesday. Boeing also withdrew its 2019 profit forecast due …
Read More »Kenya’s hunger games
Why some Kenyans are going hungry months after a bumper maize crop | Timothy Njagi Njeru | Why are people going hungry in April after a bumper crop of staple maize was harvested last year? Distribution remains a persistent challenge when it comes to food access in Kenya. There has …
Read More »Stanbic’s new revenue stream
The bank is eyeing fin-tech, insurance, fund management and stock brokerage cash Kampala, Uganda | JULIUS BUSINGE | On April 10, Stanbic Bank might have given hope to its shareholders that they will earn more money in the near future estimated to be more than Shs300bn in net profit. The …
Read More »Museveni welcomes ‘baby’, pushes for East African airline
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said he is an advocate of an East African Airways to be owned and run by the East African Community bloc to stem what he called unnecessary competition. Museveni urged East African countries to work together instead of competing in the aviation …
Read More »Behind African Alliance’s move to quit brokerage business
Why brokerage firms must diversify investments to cope with emerging stock market trends Kampala, Uganda | JULIUS BUSINGE | Once upon a time, being a stockbroker was comfortable, genteel and lucrative, according to Andre Cappon, the chief executive officer, CBM Group, a management consultant firm specialising in financial services based …
Read More »How global media expansion in Africa spells doom for local players
Nicolas Pompigne-Mognard, the founder and chairman of APO Group, a top media relations consultancy and press release distribution firm in Africa and the Middle East was in Kampala in early April to talk to journalism students about the current media landscape on the continent that has seen international media organizations …
Read More »African free trade area could be operational in July
The agreement will have to dodge a patchwork of trade regulations and tariffs that make intra-African commerce costly | Shoshana Kede | Excitement was palpable throughout the region as the dream for a continental free trade area in Africa got the final ratification needed to become a reality this month. …
Read More »Report warns that stress, long working hours killing workers
Kampala, Uganda | THE INDEPENDENT | Stress and excessively-long working hours contribute to the deaths of nearly 2.8 million workers every year, while an additional 374 million people get injured or fall ill because of their jobs. This is according to a report released by the International Labour Organisation-ILO. According …
Read More »Upcountry transport fares stable
Kampala, Uganda | THE INDEPENDENT | Transport fares from Kampala to various upcountry stations have remained the same this Easter season. Managers at the different bus terminals in Kampala said that they had not increased transport fares because of few passengers travelling upcountry. The Operations Manager of KK Travellers Kamba …
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