Business

Survey shows regional institutional investor base expanding due to favourable demographics Africa Renewel | JOHN SCHELLHASE | Capital markets, where money from savers is put into long-term investments, can contribute significantly to socio-economic development if they invest in productive projects and enterprises. But small size and market illiquidity can undercut …

  Kampala, Uganda | JULIUS BUSINGE |  The Uganda Communications Commission (UCC) has written to the country’s largest telecom firm MTN, seeking clarification on the manner in which it set new tariffs for its over 10 million customers, without its approval. In the letter, dated July 7, 2017, the UCC …

  Arjun Malik is the chief executive officer of the London-based Prudential Assurance Uganda Ltd. He spoke to The Independent’s Ian Katusiime about the country’s insurance industry and the company’s performance so far. Walk us through your management ethos as CEO I don’t believe in micro-managing people. I like making …

Experts say the interest rates are very high Kampala, Uganda |Isaac Khisa| Micro-credit is fast becoming a darling to millions of Uganda’s population following the rollout of new credit windows between financial institutions and telecom firms. But financial experts are worried that the new products may not create as much …

Tokyo, Japan | AFP |  Mark Karpeles, the former CEO of collapsed Bitcoin exchange MtGox, went on trial in Tokyo on charges stemming from the disappearance of hundreds of millions of dollars worth of the virtual currency from its digital vaults. Here are some key facts about the world’s most …

After the Rwanda Convention Bureau was established, visitors for conferences nearly doubled from 17,950 to 35,100 and revenue from MICE events increased from US$29.6 million in 2014 to US$47 million in 2016. Washington, US | THE WORLD BANK |  Rwanda is shaping up as one of East Africa’s premier business tourism …

  VIDEO: President Museveni calls for peaceful eviction at Centenary Park Uganda | NBS TV UGANDA|  President Yoweri Museveni has ordered Nalongo estates to vacate Centenary Park to avoid forceful eviction. The President finally ruled on the matter during a meeting at State House between the two warring parties, KCCA and Nalongo …

London, United Kingdom | AFP |  Belgian international striker Romelu Lukaku is set to join Manchester United for a reported £75million ($97m, 85.5m euros), a record fee between British clubs, after the buying club announced Saturday they had reached agreement with Everton. The 24-year-old’s signing — which the BBC says …

East African Court of Justice rules on European Partnership Agreement EPA Arusha, Tanzania| EAST AFRICA COMMUNITY MEDIA |  The First Instance Division of the East African Court had declined to grant orders sought by one Castro Pius from Tanzania, to stop the Partner States which have not signed the European Partnership Agreement …

Seoul, South Korea | AFP | Samsung Electronics expects profits to soar 72 percent in the second quarter to a record high, it said Friday, as it moves on from a recall debacle thanks to rising memory chip prices and increased demand for smartphones. The South Korean tech giant estimated its …