Business

Kampala, Uganda | THE INDEPENDENT | Cement consumption in Kenya dipped for the first time in 17 years to 6.2 million tonnes owing to depressed demand in the construction sector, Economic Survey 2018 shows. According to Business- Daily, which quotes data from the Kenya National Bureau of Statistics, shows that …

Kampala, Uganda | THE INDEPENDENT | Africa’s fast growing carrier, Ethiopian Airlines, has signed a purchase agreement with Bombardier for 10 new Q400 aircrafts. Bombardier Commercial Aircraft said on April 27 that the value of the transaction is worth US$332 million. “The Bombardier turboprops continue to deliver unmatched performance to our …

Kampala, Uganda | THE INDEPENDENT | As parliament warms up to legislate about the Landlord-tenant Bill, the Association of Real Estate Uganda says it is not against the bill but wants one that is fair to all parties. Speaking at a workshop in Kampala in which over 50 members took part …

Kampala, Uganda | THE INDEPENDENT | Customers of Standard Chartered Bank are experiencing new service of a full-fledged digital bank recently opened in Ntinda, a Kampala suburb. The Bank’s Managing Director, Albert Saltson, said the new digital branch, located at the Vivo Energy Petro Service Station and fully equipped with digital …

Johannesburg, South Africa | AFP | Four miners were killed and three others were trapped underground after an earthquake hit a gold mine outside Johannesburg, its owners said Friday. Thirteen miners were initially trapped about three kilometres (two miles) below the surface, James Wellsted, spokesman for mining company Sibanye-Stillwater, said …

Kampala, Uganda | THE INDEPENDENT | Renowned management scholar, Prof. Allan Katwalo Mulengani, says Ugandans have to up their competitiveness in the marketplace or else they will be overrun by foreign interests. Mulengani, the Director of Nairobi-based Abacus Business School, was speaking at a business banking breakfast meeting organized by …

Madhvani Foundation has invested six billion shillings so far in Uganda’s University Education Kampala, Uganda | JIMMY SIYA | The Madhvani Foundation on Wednesday announced the 2018-2019 Scholarship annual award worth Sh700 million . The Initiative reintroduced in 2003 has so far offered over Sh6.5 billion and supported over 2000 Ugandan …

Kampala, Uganda | THE INDEPENDENT | The permanent secretary, Ministry of Foreign Affairs (MoFA), Amb. Patrick Mugoya on Wednesday 02/05/2018 signed an addendum to the 2006 partnership agreement with Promote Uganda Ltd. represented by CEO David Nsubuga. Since 2006, Promote Uganda Ltd has been working with the Ministry for Foreign Affairs …

Kisumu, Kenya | AFP | On farms across Africa, a seemingly innocuous brown and beige caterpillar is waging a silent war, devastating rural incomes and posing a major threat to the continent’s food supply. In just two years, the so-called fall armyworm has colonised three-quarters of Africa, according to the …

Benguela, Angola | AFP | Angolan President Joao Lourenco has named diversifying the oil-dependent economy as his top priority after he became the country’s first new leader in 38 years. And one natural and readily available resource that has been identified is fish — but a lack of equipment and …