Business

New York, United States | AFP | Ten years after Wall Street recklessness helped lead to the Great Recession, compensation for top bank CEOs is soaring even as pay flattens at junior levels. Compensation figures released so far by large banks this year suggest a rich season for CEOs, despite …

Kampala, Uganda | THE INDEPENDENT | The Minister of Works and Transport Monica Azuba has said that the government is committed to constructing the standard gauge railway whether Kenya plays its part or not. Kenya is currently constructing 120 km line from Nairobi to Naivasha at $1.7bn and will be …

Davos, Switzerland | AFP | Here is a serving of quotes from the World Economic Forum (WEF) in Davos on Tuesday, where a year after US President Donald Trump stole the show, Brazil’s new far-right leader grabbed the limelight. “I’d like to say it’s a personal treat for me to be …

Paris, France | AFP | France will require telecommunications companies to allow more government oversight and control of the equipment required for next-generation 5G wireless networks due to security concerns, a government official said Tuesday. The move comes as several Western nations have barred China’s Huawei from participating in contracts for …

Xsabo Group plans to invest US$200 million in solar project Kampala, Uganda | JULIUS BUSINGE | Xsabo Group plans to invest US$200million in the generation of solar power to supply to the national grid, according to its Managing Director and Chief Executive Officer, David Alobo. Alobo, who on Jan. 10, …

Gemalto awarded contract for Uganda’s new e-Immigration solution Kampala, Uganda | THE INDEPENDENT | Gemalto, in cooperation with local partner SCINTL, has been awarded the contract for the supply of a Border Management System (BMS); including airport self-service eKiosks at Entebbe International Airport. The appetite for automated, self-service travel experiences …

Kampala, Uganda | THE INDEPENDENT | Calling all startups, scale-ups, entrepreneurs and innovators! The first edition of Paint the Future – the AkzoNobel startup challenge is now open and ready to discover new and revolutionary solutions that will accelerate innovation in the world of paints and coatings. Spearheaded by the …

Tokyo, Japan | AFP | Toyota announced on Tuesday it was creating a joint venture with Panasonic to develop batteries for electric cars, as the Japanese auto giant ramps up its ambitions for electric-powered vehicles. The firm will be set up by 2020 and controlled 51-49 percent by Toyota, the Prius …

5 Kampala, Uganda | THE INDEPENDENT | The board of the regional oil marketer, Kenol Kobil, has approved the proposed takeover of the firm by the French based company, Rubis Energie. The shareholders, however, have until February 18 to accept or decline the offer, according to reports from Kenya’s local …

  Kampala, Uganda | THE INDEPENDENT | Uganda’s public relations firm, brainchild Burson-Marsteller, has rebranded to brainchild BCW (Burson Cohn & Wolfe), embracing the identity of BCW, one of the world’s largest full-service communications agency and Africa’s largest PR network. The development comes on the back of the 2018 global …