Business

Kigali, Rwanda | THE INDEPENDENT | Rwanda President Paul Kagame is to be honored with The World Tourism Award 2017 for Visionary Leadership. He will be awarded the honour on Nov. 06 on the opening day of World Travel Market London, at the Excel Center in London. This year, the …

Regional retailer stable in Kigali despite group turbulence Kigali, Rwanda | THE INDEPENDENT | When the Rwanda Revenue Authority (RRA) recently announced Nakumatt Rwanda as the winner of its Best Taxpayer Award of 2016, watchers in other markets where the regional retailer has a footprint took notice. Many of them, …

Maize prices drop by 70% as exports to Kenya reduce due to political uncertainties Kampala, Uganda | JULIUS BUSINGE | Uganda’s farmers could battle to sell some of their surplus maize as major customers who mainly export to Kenya cut back on their purchases citing political uncertainties in the latter …

Fake investors and effects of government delaying survey of mineral-rich region Kampala, Uganda | RONALD MUSOKE | Big money is coming into Uganda from mining activity in various parts of the country and more could come in, especially if Karamoja which is considered “the basket of Uganda’s minerals” is surveyed. …

The country exported highest coffee volumes in 20 years in 2016/17 season Kampala, Uganda | ISAAC KHISA | Uganda’s coffee industry seems to be recovering from low export volumes in the previous years as the newly planted crops start production amidst declining prices on the international market. Latest data from …

Taking stock of Uganda’s economy 55 years after independence Kampala, Uganda | COMMENT | SARAH LOGAN| October 9 marked 55 years since Uganda’s independence in 1962. The country’s economy has seen many changes during this time, affected by periods of political instability, civil war, fluctuating global commodity prices, and various …

Beijing, China | AFP | Chinese billionaires are boasting about their Marxist bonafides. The Communist Party is tightening its grip on state-owned companies. And foreign companies are being asked to invite party cells into their offices. Under President Xi Jinping, the country’s ruling party is muscling back into business, expanding …

  Johannesburg, South Africa | AFP | South Africa’s finance minister received some faint praise last week — not for the economy’s performance, but for admitting the country is in a dire position that is set to get worse. Malusi Gigaba delivered a mid-term budget that laid bare South Africa’s …

Kampala, Uganda | THE INDEPENDENT | Kyadondo East Member of Parliament Robert Kyagulanyi Ssentamu aka Bobi Wine on Thursday rushed to the Civil Division of the Kampala High Court to challenge a ban imposed on his musical shows by the Uganda Police. He says he has lost sh300 million as a result of …

Beijing, China | AFP |  President Xi Jinping declared China has embarked on a “new era” of challenges and opportunities on Wednesday as he opened a Communist Party congress expected to enhance his already formidable power. Xi told some 2,300 delegates at the imposing Great Hall of the People that …