Business

Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …

Kampala, Uganda | JULIUS BUSINGE | Commercial banks under their umbrella organization, Uganda Bankers Association (UBA) are demanding reforms from government in key sectors of agriculture, information technology; insurance and debt repayment to enable them thrive in tough economic times. Patrick Mweheire, the chairperson of UBA and the Chief Executive, Stanbic …

  Kampala, Uganda | ISAAC KHISA | The cairo-based African Export-Import Bank (Afreximbank) has entered into an agreement under which the African Development Bank will provide it with a $500,000 grant from its African Private Sector Assistance (FAPA) programme to be used in supporting emerging factoring firms in Africa. A factoring …

Afreximbank is expected to provide finance to export projects in manufacturing, mining, infrastructure and related ventures Nairobi, Kenya | ISAAC KHISA | The African Export-Import Bank (Afreximbank) has ditched Nairobi in favour of Kampala to set up its regional headquarter. Benedict Oramah, the bank’s president, told The Independent in an …

Albert Muchangais the commissioner for trade and industry at the African Union.He spoke to The Independent’s Isaac Khisa on the progress made with the planned African Continental Free Trade Area on the sidelines of Afrexim bank’s 25th Anniversary and Annual General Meeting recently held in Abuja, Nigeria. What progress have you registered in the implementation of AfCFTA? We are making good progress. In March this year in Kigali, Rwanda, we had 44 …

Abuja, Nigeria | ISAAC KHISA | The African Export-Import Bank (Afreximbank) and the World Trade Center Miami Inc (WTCM) have signed a three-year memorandum of understanding that will enable the two institutions benefit from each other’s knowledge, experience and capabilities in pursuing the expansion of US-Africa business relationships. The MoU …

  Abuja, Nigeria | ISAAC KHISA | The African Export-Import Bank (Afreximbank) entered into a cooperation with an Angola-based pan-African conglomerate, Aenergy, to develop a low carbon sustainable economy and a climate finance strategy to support projects and national initiatives in the sector across Africa. The cooperation agreement, signed on …

COMESA: Uganda faulted for delaying to formulate competition law to facilitate fair trade   Nairobi, Kenya | JULIUS BUSINGE | One of the key objectives of competition policy is to promote consumer welfare by encouraging healthy competition among businesses in the Common Market for Eastern and Southern Africa. This is through …

       Lagos, Nigeria | ISAAC KHISA | The Nairobi-based African Trade Insurance Agency (ATI) has urged the African countries to focus on de-risking their economies to drive future investment growth. This was revealed during the Afreximbank’s 2018 Annual Meetings and 25th anniversary celebrations in Abuja, Nigeria. ATI’s Chief …

Abuja, Nigerai | ISAAC KHISA | South Africa’s President, Cyril Ramaphosa, has urged Nigeria to sign the African Continental Free Trade Area (AfCFTA) to create a single continental market for goods and services in member nations, with free movement of persons and investments. Ramaphosa, who was the chief quest during …