Kampala, Uganda | THE INDEPENDENT | Tanzania’s national carrier, Air Tanzania, has delivered its first Airbus A220-300 aircraft, making it the first airline in Africa to take on the type. The name The Wings of Kilimanjaro was given to the aircraft – a fitting name to complement their other aircraft. The airlines acting …
Read More »Trade war ‘certainly’ hurting China economy: US official
Washington, United States | AFP | China’s economy is more vulnerable to the fallout in the current trade stand-off with Washington and already has been hurt by the dispute, US Commerce Secretary Wilbur Ross said Monday. Ross’s remarks emphasized President Donald Trump’s confidence that the robust US economy means Washington …
Read More »Positive outlook for insurance sector but some players face uncertain future
Brokers, agents told to prove their relevance Kampala, Uganda | ISAAC KHISA | Predictions for Uganda’s insurance industry this year is positive but some players are likely to face uncertain future in their operations. The consensus view among industry players is that the industry will put a strong performance this …
Read More »KASAIJA: Uganda’s debt remains sustainable
Kampala, Uganda | THE INDEPENDENT | Minister of Finance Matia Kasaija has said Uganda’s debt remains sustainable with nominal debt to GDP of 41.5%. He said the debt levels are comfortably below the international sustainability threshold of 50% debt to GDP ratio – beyond which debt starts getting unsustainable – and …
Read More »World Bank President Jim Yong Kim announces resignation
Washington, United States | AFP | World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. The decision ends Kim’s six-year tenure and may give US President Donald Trump decisive influence over the future …
Read More »Ghosn to appear in court: what happens next?
Tokyo, Japan | AFP | The case of auto tycoon Carlos Ghosn has gripped Japan and the business world since his stunning arrest in November, and now he is finally getting his day in court. Ghosn will be able to make his first public statement at a brief hearing on …
Read More »Ugandan win grants for Environmental Research
Kampala, Uganda | THE INDEPENDENT | Ketty Adoch, a Ugandan innovator in the Agriculture sector has been named among eleven innovators nominated for the Artificial Intelligence (AI) for Earth Innovation Awards. Adoch, a geographical information systems specialist in agriculture works towards monitoring change detection for Land Cover Mapping around the …
Read More »Betting firm, SportPesa eyes Brazilian Market
Kampala, Uganda | THE INDEPENDENT | Kenya’s betting firm, SportPesa, is planning to enter the Brazil’s gambling market following the South America’s decision to review its law to legalise online and on-land betting. SportPesa CEO Ronald Karauri, however, told BusinessDaily that it is still too early to disclose further plans on …
Read More »Equity Bank sees 2019 as good year
Kampala, Uganda | THE INDEPENDENT | Equity Bank is one of the 25 commercial banks offering financial services in Uganda. The Independent’s Julius Businge spoke to the Bank’s Executive Director, Anthony M. Kituuka on their strategy to deliver good growth in 2019 and beyond. What are your expectations in this New …
Read More »Uganda revises aviation law
Kampala, Uganda | THE INDEPENDENT | Uganda has revised its aviation regulations, giving more powers to regulator Uganda Civil Aviation Authority. Under the Civil Aviation Amendment Bill 2017 that was recently passed by parliament, the CAA now has oversight over all public and private aerodromes as well as civil aviation training …
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