Business

Lalibela, Ethiopia | AFP | President Emmanuel Macron visited Djibouti and Ethiopia on Tuesday, promising “respectful” partnerships in the face of growing regional indebtedness to China, which is fast expanding its foothold in the continent. Looking to strengthen economic, military and cultural ties in East Africa, Macron announced a new defence …

  Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni’s meeting with the chief executive officer Total E&P could unlock stalled investments oil and gas sector. President Museveni and Total chairman Patrick Pouyanne met in mid-January to resolve issues that have delayed international oil companies from taking a Final Investment …

Austin, United States | AFP | They may never be able to fill a stadium for a rock concert, but computers are making inroads in the music industry, capable of producing songs — and convincingly so — as illustrated at the South by Southwest festival in Texas. Already, an album …

Sengonzi Godfrey creates niche with egg-spiced concrete floor tiles Kampala, Uganda | PATRICIA AKANKWATSA | With Chinese tiles, Italian tiles, Turkish tile, Egyptian tiles and recently Ugandan tiles flooding the market, what chances would a budding entrepreneur have of finding success with a local tile? For Godfrey Sengonzi, the answer …

  Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija has said the zero interest system in Islamic Banking should attract a good number of Ugandan entrepreneurs. According to Kasaija, Ugandans have been reluctant to borrow from banks due to the high interest rates …

Transaction makes Vivo Africa’s second largest fuels and lubricants retailer  Kampala, Uganda | RONALD MUSOKE | Following six months of behind-the-scenes negotiations, Vivo Energy finally announced on March 1 the completion of the takeover of the operations of Engen Holdings Ltd across the continent. The transaction comprises Vivo Energy’s issuance …

New York, United States | AFP | Shares of Boeing plummeted by more than 12 percent on Monday in premarket trading, the day after the crash of a Boeing 737 Max 8 in Ethiopia killed 157 people. The crash was the second in less than six months to involve the popular model of airliner, causing …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda statistics indicate that the country exported goods and services worth $299 million in January.  This is an increase of $11 million compared to the value of goods and services exported in December 2018 valued at $288 million. The monthly statistics released …

London, United Kingdom | AFP | A redecorated sporting bandwagon, complete with a roaring if not yet rampant Ferrari and a movie series on Netflix, embarks next weekend on an extended season of change and challenge when the Australian Grand Prix opens the 70th running of the Formula One world …

Mohammed Sserunjogi is the executive director at the Uganda Halal Bureau. He spoke to The ndependent’s Isaac Khisa about the extent of certification in Uganda. For nearly 10 years, you have been offering halal certification for companies and products. Whose standards are you implementing? We are implementing the Uganda National …