Business

  Kampala, Uganda | THE INDEPENDENT | The Middle East is overtaking the East African Community as a top destination for Uganda’s exports. The exports to the Arab states earned USD 68 million (251 billion Shillings) in January 2019, against a total earning of USD 44 million (163 billion Shillings) …

Paris, France | AFP | The rapid spread of e-cigarette use among young teenagers has not slowed the decline in smoking in the same age group, much less reversed it, according to a new study. Nor has vaping caused 13-to-15 year olds canvassed in Britain to see tobacco use in …

Washington, United States | AFP |  The United States and China are in a virtual deadlock in the race for 5G, or fifth-generation wireless networks expected to unlock new services, an industry survey showed Tuesday. The report shows the United States has closed the gap with China in “readiness” for …

  Big sugar producers insist government must incorporate zoning clause                                      Kampala, Uganda | PATRICIA AKANKWATSA | The fight over the proposed Sugar Bill 2016 seems to be far from over as President Yoweri Museveni promises to return it back to Parliament barely four months since it was passed in November …

London, United Kingdom | AFP |  Worldwide music sales rose by nearly 10 percent in 2018, a fourth consecutive year of growth fuelled by online streaming, according to figures released on Tuesday by an industry body. Revenues reached $19.1 billion last year, the International Federation of the Phonographic Industry, which …

  Telecoms subscriber base reaches 11.3million Kampala, Uganda | ISAAC KHISA | MTN Uganda has recorded a 4.4% rise in revenue to Shs1.38 trillion for the year ending December 2018 owing to increase in customer numbers, data and fintech services. The company’s financial statements shows that its customer numbers rose …

  Franziska Leischker is the director at Xsabo Foundation in Uganda. She spoke to Isaac Khisa about the opportunities of their new product dubbed Fancy Pad. Briefly tell us about the Fancy Pad project. Why did you decide to come up with such a project? The “Fancy Pad” project is …

Expert views on how the economy could be put on the right growth path Kampala, Uganda | JULIUS BUSINGE | There is a general consensus that Uganda’s economy has recently improved and now is doing well. This is coming from highly respected institutions like the International Monitory Fund, World Bank, …

  Private sector players ask for affordable electricity to power industries Kampala, Uganda | JULIUS BUSINGE | On March 21, President Yoweri Museveni commissioned the Isimba Hydropower Dam, adding 183MW to the national grid. But the private sector, who consume most of the electricity accounting for 20% of their production …

  Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Holdings Limited has suspended trading on the Kampala based Uganda Securities Exchange until further notice. In a notice signed by Paul Bwiso, the USE chief executive officer, circulated on April 01, said that the institution is undergoing reorganization through the formation …