Business

Hong Kong, China | AFP | Apple profits soared by a fifth as its flagship iPhone X hit stores in Asia Friday, with the company predicting bumper sales despite its eye-watering price tag. Net profit rose 19 percent from a year ago to $10.7 billion in the fiscal fourth quarter to …

Lagos, Nigeria | AFP | A Nigerian judge on Wednesday accused the country’s former oil minister of trying to “avoid justice” in Britain, as he dismissed an application for her to face corruption charges back home. Judge Rilwan Aikawa told the Federal High Court in Lagos that an attempt by Diezani …

Dubai, United Arab Emirates | AFP |  African officials, including four heads of state, convened with international CEOs at a summit Wednesday in Dubai, part of its push to position itself as a link for huge potential investments on the continent. “We are looking at the fastest growing economy of …

Dubai, UAE | THE INDEPENDENT | President Yoweri Museveni will today share lessons of his years of experience at the ongoing 4th gobal Business Forum on Africa (AGBF) in Dubai, United Arab Emirates, and highlight what he sees as priorities for the upcoming generation of African leaders. Museveni will speak at the …

After reversing the deplorable state of the economy, the government needs to support local businesses COMMENT | Martin F. Kyeyune | Manufacturing existed in Africa before the colonial rule. Africa made a wide range of essential goods it consumed, including food (this involved food preservation), shelter (involved the use of timber, …

Operators fear strict registration requirement will slow growth of subscribers Kampala, Uganda | JULIUS BUSINGE | Telecom firms now feel confident in carrying out their business following the conclusion of a mandatory Simcard registration and validation on August 31, 2017, according to Godfrey Mutabazi, the executive director at the Uganda Communications …

Vincent Kiyingi is the manager at the Business Partners Internation (BPI) –Uganda. He spoke to the Independent’s Isaac Khisa about financing SMEs in the country. What is your leadership style as a manager? My leadership style is not definite but I use different styles depending on the time and type …

Kampala, Uganda | ANDREW S. KAGGWA | Days after parliament quietly passed the National Biotechnology and Biosafety Bill, widely known as the ‘GMO Bill’, in early October, Meg Hilbert Jaquay, the Managing Director of Jakana Foods Limited, remains sad. Her company exports 30 metric tonnes of organic dried fruits to U.S., Europe, …

Fine Spinners plan to sell T-shirts at US$3 on the local market Kampala, Uganda | ISAAC KHISA| It is Oct. 17, eighteen representatives of importers from Germany are touring Fine Spinner’s garment factory in Bugolobi, a Kampala suburb filming various activities and to ascertain the company’s production processes and capacity. Later, …

“Fight poverty, unemployment” say President as he graduates skilled girls   Kampala, Uganda | PPU | 661 female pioneers of the Presidential Initiative on the Skilling of the Girl Programme that is tailored to fight against poverty and unemployment among the girl child group in the country, have today graduated …