Business

Kampala, Uganda | THE INDEPENDENT | Centenary Bank has allocated Shs- 500bn to boost agriculture financing this year, according to the lender’s head of agribusiness and agricultural finance, Evans Nakhokho. Nakhokho, who was speaking during the 16th African Fine Coffee Conference and Exhibition in Kampala on Feb 15, said the …

Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s The Independent. COVER STORY Fight over Shs44 trillion mobile money: Telecoms protest State House move to monitor business. THE LAST WORD The problem with Africa: If our countries remain poor, it’s because its leaders and elites are too …

Kolwezi, DR Congo | AFP | In global markets the price of cobalt, a mineral used in batteries for high-tech products from iPhones to Tesla electric cars, has nearly tripled to $81,500 a tonne in two years. But in the Democratic Republic of Congo, which produced two-thirds of the global …

Seoul, South Korea | AFP | Samsung Electronics will unveil its next flagship smartphones — the Galaxy S9 and Galaxy S9+ — on Sunday, after it reported record profits in recent weeks and its vice chairman was released from prison. Samsung, the flagship subsidiary of South Korea’s biggest business group, …

London, United Kingdom | AFP | Hundreds of KFC outlets remained shut in Britain on Wednesday due to a supply crisis, leaving fans craving a fix of deep-fried chicken. The shortages, which are expected to last all week in some parts of Britain, have prompted online mockery and disbelief aimed …

London, United Kingdom | AFP | Some KFC outlets in Britain are to remain shut for the rest of the week, the fast-food operator said Tuesday as a supply crisis rumbled on, leaving fans craving a fix of deep-fried chicken. About 450 of the chain’s 900 outlets remained closed late …

Kampala, Uganda | RONALD MUSOKE | Ugandan suppliers looking at providing goods and services to the fledgling oil and gas sector need to build partnerships with their international counterparts if they are to fully participate in the multi-million dollar opportunities expected to flow in the coming months. Elly Karuhanga, the …

US warns Uganda, Kenya and Rwanda on used clothes imports ban Kampala, Uganda | THE INDEPENDENT | The US has warned East African Community (EAC) leaders that will converge in Kampala this week that their planned ban of the importation of used clothes by 2019 violates conditions set to expand trade …

Jerusalem, Undefined | AFP | Israel has struck an “historic” contract to supply natural gas to Egypt, Prime Minister Benjamin Netanyahu announced Monday, in a deal one firm said was worth $15 billion over 10 years. “This will bring billions of dollars to state coffers,” Netanyahu said in a statement …

Bumper maize harvest exposes weakest link in food supply chain Kampala, Uganda | RONALD MUSOKE | There is good news on Uganda’s food security front. The agriculture ministry estimates that Uganda has harvested about 5.5 million metric tonnes from the last planting season; which is a 38% increase from the …