Business

Colombo, Sri Lanka | AFP | Sri Lanka Saturday slashed a tax on sugary drinks in a controversial reversal of an anti-diabetes policy that attracted immediate criticism. The finance ministry ordered an immediate 40 percent reduction in the levy as part of a package of tax cuts launched by the …

Bruxelles, Belgium | AFP | Eight months after revealing the links between Facebook and Cambridge Analytica (CA), whistleblower Christopher Wylie is pushing for the internet giant to be regulated — whether it wants to or not. He is scathing about Facebook’s “man-child” chief executive Mark Zuckerberg and the arrogance of …

Washington, United States | AFP | As many as 500 million guests Marriott International hotels may have been victims of a hack of the chain’s reservation database, the company announced Friday. Marriott said it was alerted on September 8 that there had been an attempt to hack their reservation database …

Kampala, Uganda | THE INDEPENDENT | Pan African lender, United Bank for Africa, through the UBA Foundation, the arm of the bank charged with Corporate Social Responsibility (CSR) has unveiled the ‘Each One Teach One’Initiative designed to benefit   youths across the continent. The aim of the initiative is to create opportunities …

Kampala, Uganda | ISAAC KHISA | The country’s banking industry recorded a sluggish profit growth in 2017 but it projects a positive outlook a head. Fabian Kasi, the managing director of Centenary Bank spoke to The Independent’s Isaac Khisa about the industry’s growth prospects. Ashead of one of the country’s …

Kampala, Uganda | THE INDEPENDENT |  The Civil Society Coalition for Oil has reported an invasion of speculators rushing to acquire properties in areas of Gomba in a scheme to reap from the East African Crude Oil Pipeline project. Gomba is among the ten districts where the proposed 1,445 kilometres …

Kampala, Uganda | AGNES E NANTABA | Vaolah Amumpaire is a marketeer and the brain behind Wenahardware.com, a multi vendor e-commerce platform for building and construction materials. She says she got to establish an online hardware store from disappointments caused by dishonest people who fail to building and construction materials …

Kampala, Uganda | THE INDEPENDENT | Exhibitor registrations for the inaugural Intra-African Trade Fair (IATF 2018) taking place in Cairo in December has reached 1,054, surpassing the target of 1,000 exhibitors set by the organisers, the African-Export Import Bank (Afreximbank) announced Tuesday in Cairo. The trade fair, which is being …

Kampala, Uganda | JULIUS BUSINGE | In a bid to showcase opportunities, come December 6, Uganda will host the first Coffee and Tourism Symposium and Exposition at Golden Tulip Hotel in Kampala. It is being organised by Coffee Tourism Uganda, in collaboration with the Uganda Tourism Board (UTB) under the Ministry of …

Madrid, Spain | AFP | China’s President Xi Jinping arrived in Spain on Tuesday for a business-focused state visit as Beijing, currently engaged in a trade war with the United States, seeks to strengthen ties with Europe. Xi accepted a bouquet of red flowers from children after disembarking from the …