Business

South Africa’s Steinhoff and Shoprite to form retail giant Johannesburg, South Africa | AFP |  South African retail giants Steinhoff International and supermarket group Shoprite Holding Wednesday said they were in talks to merge their African operations to form a single company worth over $14 billion. The companies said in …

WBS TV will cease to operate as a public broadcaster on December 14, 2016 because of failure to repay a sh7billion tax debt, a source has told The Independent. A statement signed by Kabiito Karamagi, the Receiver/Manager appointed by Uganda Revenue Authority to try and rescue the TV, confirmed the …

She has dressed Oscar-winning actress Lupita Nyong’o and Uganda’s chess Woman Candidate Master Phiona Mutesi for the premiere of ‘Queen of Katwe’. She has also designed several Miss Uganda and Miss Tourism contestants among others. Yet Brenda Niwagaba Maraka, who is undoubtedly among Uganda’s top fashion designers, describes herself as …

African companies to bid for contracts around the world Public procurement is fast becoming big business in Africa. It accounts for almost a third of the gross domestic product (GDP) in poor countries and up to 15% in developed countries, writes David Hamam In some countries, the share of public …

VIDEO: Today was supposed to be the last day for the final exit of  Chinese traders operating illegally in the central business district, until government extended the deadline. Unaware of the government extension, angry legislators sitting on the parliamentary committee of trade clashed with the Trade minister Amelia Kyambadde demanding to know …

What encompasses your management philosophy? Management is the art and science of planning with the people you have, monitoring them during the process of execution and evaluating results. As a hands-on manager, I take a new recruit through the areas we expect him or her to execute until when he …

The latest threat to commercial banking? At the end of November 2016, the Uganda Revenue Authority’s staff Savings and Credit Cooperative (SACCO) held up to Shs12.6 billion on its account as the cumulative savings of its members.That amount is triple the minimum capital requirement to start a Tier II bank …

Washington, United States | AFP | President-elect Donald Trump questioned in an interview broadcast Sunday whether the United States should continue its “one China policy” unless Beijing makes concessions on trade and other issues. “I don’t want China dictating to me,” Trump said as he made a vehement defense of …

These Chinese contractors don’t care at all, says Labour minister vow to whip them into line The human cost of accidents, poor health and safety conditions under Chinese contractors in Uganda has come under scrutiny and what is emerging is raising serious concerns. At the heart of the latest concerns …

Vienna, Austria | AFP | Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world’s glut of crude and reverse a dramatic fall in income. Russia and 10 other non-OPEC states will reduce their production by …