Business

      Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender African Export-Import Bank (Afreximbank ) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy. The …

New generations could trigger a drop in tariffs Kampala, Uganda | JULIUS BUSINGE | Uganda government is expected to commission Isimba and Karuma hydropower dams this year as one big step towards boosting the elec¬tricity supply in the country. The commissioning of the two hydro¬power plants with a combined capacity of …

Kampala, Uganda | THE INDEPENDENT | Pan African insurer, African Trade Insurance Agency, is now supporting trade and investments equivalent to 1 – 2 % of the annual Gross Domestic Product flowing into its African member countries, and 2018 also saw a doubling of the company’s exposure from US$2.4 billion in …

Four things African governments need to get right Kampala, Uganda | FOLASHADE SOULE | You don’t negotiate with China!” I was quickly told when I started interviewing African public servants about their infrastructure deals with Beijing. There is a widespread view in Africa that you accept whatever terms are offered, for fear that …

Abidjan, Ivory Coast | AFP | Africa’s strong growth will accelerate in 2019 but fail to roll back high unemployment and poverty, the African Development Bank (AfDB) said Thursday. The continent’s gross domestic product expanded by 3.5 percent in 2018 after 3.6 percent in 2017 and should reach 4.0 percent …

Local traders claim foreign nationals involved in petty trade remains a headache Kampala, Uganda | ISAAC KHISA | Following the unexpected past bad year for businesses, there is a good chance that this could be reversed sometime this year, some analysts say. Their hope is that the economy, which has shown signs of …

But will oil companies pump money into key infrastructure projects to meet new first oil timeline? Kampala, Uganda | RONALD MUSOKE | Uganda’s oil and gas industry is expected to rake in investments worth over US$ 1 billion this year,according to senior energy ministry officials. The outlay for this year is part of …

New York, United States | AFP |  In the 1980s, the “Back to the Future” film franchise suggested we would all eventually wear self-lacing sneakers. Then a few years ago, Nike made the movie magic a reality, introducing its first shoe to the public with so-called “power lacing.” And on …

New York, United States | AFP | Conventional wisdom in the Amazon era holds that the lowest price wins the battle of the retailers, leading many to just about give away items to make a sale. Yet some data suggest a more nuanced reality: while 76 percent of retailers aim …

Kampala, Uganda | THE INDEPENDENT | The High Court has allowed Parliament to permit a new firm to operate the Members restaurant and bar. High Court Judge, Lydia Mugambe Ssali dismissed an application by Hellenar’s Restaurant, the firm that had operated the Parliament Restaurant and Bar for the last three …