Business

Dubai, United Arab Emirates | AFP | Dubai is splashing tens of billions of dollars on infrastructure and hospitality projects related to the international trade fair Expo 2020, Dubai-based BNC Network said in a report published Sunday. The value of Expo-related projects underway hit $42.5 billion in March, according to …

Kampala, Uganda | THE INDEPENDENT | Over 200,000 customers are expected to win cash worth Shs108 million and other prizes in the ongoing 12- weeks promotion as part of this year’s World Cup taking place in Russia. Dubbed ‘Samba Ne Coca-Cola’, Coca-Cola has partnered with World Cup official broadcaster Multichoice and …

  Kampala, Uganda | THE INDEPENDENT | On March 29, MTN Foundation handed over scholastic materials including books, pens and bags as well as unveiled a one-year feeding program for Summit View Army Primary School, Kololo. The school has a population of 500, with pupils coming from the slum areas of …

Kampala, Uganda | JULIUS BUSINGE | Government is working on a strategy to curtail accumulation of domestic arrears, according to Kenneth Mugambe, the director for budget at the Ministry of Finance Planning and Economic Development. Mugambe, who was responding to budget related questions from Civil Society Budget Advocacy Group (CSBAG) at …

Kampala, Uganda | THE INDEPENDENT | Uber, the US-based mobile app-based taxi service, has taken on SafeBoda with the rollout of a new platform that will connect passengers and local motorcycle riders, popularly known as Boda-Bodas, for a travel. Aaron Tindiseega, the Country Manager for Uber in Uganda, said the introduction …

It has lent out US$3.4bn and employed 2500 permanent staff Kampala, Uganda | JULIUS BUSINGE | Commercial Banks all over the world are portrayed as profit oriented and only work with customers they think have firm foundations to meet credit obligations. But the Standard Chartered Bank’s recently released independent study …

Abuja, Nigeria | AFP | The Nigerian central bank’s Monetary Policy Committee will hold its first meeting this year on Wednesday after a political standoff between the executive and the senate prevented a quorum for months. Experts predict that the committee will hold rates at a record high of 14 …

The initiative is to settle disputes cheaply, quickly and fairly Kampala, Uganda | JOSEPH BAHINGWIRE | Court cases in Uganda involving clients and commercial banks tend to take many years to be resolved but this will soon change as banks in collaboration with the Uganda Law Society and commercial courts …

Beyond the clapping and ululation in Kigali, can the ACFTA be implemented? Kampala, Uganda | RONALD MUSOKE | After close to 30 years of negotiations, 44 African states finally agreed to establish a single market to ease buying and selling of African-made goods and services. That leaves out 11 countries; …

New York, United States | AFP | Spotify soared Tuesday to a value of more than $26 billion in its long-awaited stock debut as the market delivered a ringing endorsement of the future of music streaming. In one of the largest public offerings ever in the tech sector, Spotify on …