Business

VIDEO: Isimba dam commissioning could delay due to engineering flaws Kampala, Uganda | NTV UGANDA | UGANDA Government has set December 2018 as the first working date to officially open the 183 Mega Watt Isimba Hydro Power Dam. The announcement made during on a working visit of the dam by …

Washington, United States | AFP | US regulators on Monday fined French banking giant BNP Paribas $246 million for poor oversight of its foreign exchange traders who manipulated trading prices. The move came six months after the Federal Reserve permanently barred former BNP trader Jason Katz from the banking industry, …

Rome, Italy | AFP | The famous white sari with three blue borders worn by saint Mother Teresa has been copyrighted by nuns, and one of the Vatican’s top cardinals is not pleased. “Holy Mother Teresa of Calcutta is a universal symbol, beloved by believers (and) unbelievers,” said Cardinal Jose Saraiva …

  James Ouma is the operations manager Pizza Hut Uganda. He spoke to The Independent’s Agnes E Nantaba about the country’s fast food industry and the future prospects. What are the key elements in your management philosophy as a manager? Pizza Hut as an international brand is driven by key …

    USED CLOTHES: What panic in Kenya and Rwanda’s firm stand mean for Uganda? Kampala, Uganda | ISAAC KHISA | Among optimists, the proposal by East African Community (EAC) member states to ban the importation of used clothes by 2019 is great because it could spark the growth of …

More than 290 firms approved to participate in Uganda oil industry this year Kampala, Uganda | RONALD MUSOKE | Uganda has unveiled its first National Suppliers Database with more than 290 firms approved to supply goods and services in the fledging oil and gas industry this year. The companies can …

San Francisco, United States | AFP |  Netflix on Monday reported that its number of subscribers climbed more than expected, topping 100 million worldwide and sending shares in the leading on-demand television service soaring. Netflix shares leapt more than 10 percent to $178.48 in after-market trades that followed release of …

  Johannesburg, South Africa | AFP |  A South African Uber driver whose car was torched five weeks ago died of his injuries on Monday, the company said, after an attack allegedly involving rival metre-taxi drivers. The man was parked on a street in the capital Pretoria at night when …

Brussels, Belgium | AFP |Britain and the European Union launch a new round of fraught Brexit negotiations Monday with Brussels pressing weakened British Prime Minister Theresa May to quickly set out her divorce strategy. Brexit minister David Davis travels to Brussels to meet Michel Barnier, the EU’s chief negotiator, for …

Uganda’s private sector activity improves on strong demand, but experts are worried that improvement in economic activities is likely to stir imports, putting pressure on the exchange rate and so is operational costs Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s latest report– Purchase Managers Index (PMI) for June 2017 …