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Coffee conference to boost Uganda’s targets

Kampala, Uganda | JULIUS BUSINGE | Officials from Uganda Coffee Development Authority (UCDA) are optimistic that the discussions and resolutions that will emerge from the 16th African Fine Coffee Conference and exhibition week will support Uganda’s big coffee sector targets. The conference that runs from Feb.14-15, will be held in Kampala …

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Record 2017 sales set up Puma to score at World Cup

Frankfurt am Main, Germany | AFP | German sportswear firm Puma on Monday reported record revenues in 2017, with celebrity sparkle from Rihanna and the football World Cup set to maintain the leaping-cat brand’s appeal into 2018. Net profit at the Bavaria-based company more than doubled last year, reaching 135.8 …

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Stanbic joins URA’s e-payment platform

Kampala, Uganda | JULIUS BUSINGE | Times of visiting banking halls and Uganda Revenue Authority (URA) offices to file tax returns could be over as the tax body continues to partner with financial institutions and telecom companies to offer online payment solutions. Stanbic bank, which collects a third of URA’s annual …

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New accounting standard will make loans, insurance expensive

Experts say financial institutions to prefer extending short term loans. New accounting standard will make loans, insurance more expensive Kampala, Uganda | ISSAC KHISA | Uganda’s banking and insurance industries are envisaging good times ahead as they embrace the new global accounting standards effective this year. The bad news is that borrowers …

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Touting ‘transformation’, French PM seeks investment in Dubai

Dubai, United Arab Emirates | AFP | France’s Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai on Sunday, seeking investment from the oil-rich Gulf region. “France is undergoing great transformation,” Philippe said, addressing a thousand-strong audience at Dubai’s World Government Summit. …

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