Rising global exports and inventory levels weaken prices: ICO The International Coffee Organisation’s (ICO) has predicted low prices into the near future for both the global Robusta and Arabica crop. In its latest April report, the ICO notes that growers such as Uganda, Indonesia, Honduras, India and Peru, who contribute …
Read More »Eyes on First Oil as Uganda organises regional Logistics Expo
Over 1000 delegates to attend the Regional Logistics Expo and Oil & Gas Convention The Uganda Freight Forwarders Association (UFFA) and the Uganda Chamber of Mines and Petroleum (UCMP) are jointly organizing the inaugural Regional Logistics EXPO 2017 and the 3rd Annual Oil & Gas Convention scheduled for April 25 …
Read More »Only those who had NINs April 11 will beat SIMcard deadline
The National Identification and Registration Authority (NIRA) has clarified that only those with National Identification Numbers (NINs) will beat the the SIM-card registration deadline of Thursday April 20. Gilbert Kadilo, the public relations and corporate affairs manager at NIRA told NTV Monday morning that the process of citizen verification takes …
Read More »Rule change pushes Premier League into £312m loss – report
London, United Kingdom | AFP | The Premier League is set to announce a record annual pre-tax loss of £312 million because of the declining value of the sterling and new accounting rules, the Financial Times reported on Friday. English football’s top flight is the wealthiest major domestic football competition …
Read More »Uber says growth strong as it gives a peek at earnings
San Francisco, United States | AFP | Uber on Friday provided a glimpse at its earnings, saying it is growing strong while working to overhaul company culture at the scandal-dented on-demand ride service. “We’re fortunate to have a healthy and growing business, giving us the room to make the changes …
Read More »China’s Q1 growth stabilises at 6.8%: AFP poll
Beijing, China | AFP | China’s growth stabilised in the first quarter thanks to rising investments and a recovery in exports, experts said, though they warned the reprieve may be temporary. According to an AFP survey of 16 economic analysts, the gross domestic product expanded 6.8 percent in the first …
Read More »Twenty-one arrested in California at Trump tax protest
San Francisco, United States | At least 21 people were arrested after opponents of President Donald Trump and supporters clashed at a march in Berkeley, California, US media said Saturday. Hundreds of people gathered at a park, including Trump supporters who held a free speech rally, while opponents of the …
Read More »Egypt’s Sisi declares war on corruption
Sisi starts crack down as Egypt faces uphill battle against corruption Cairo, Egypt | AFP | When Egyptian real estate developer Hassan tried building an apartment block without paying bribes, officials stalled the project, going so far as to suggest there were ancient relics beneath the lot. Hassan buckled and …
Read More »Saudi raises $9 bn in first global Islamic bond issue
Riyadh, Saudi Arabia | AFP | Saudi Arabia raised $9 billion in its first global Islamic bond issue, the government announced on Thursday, a move analysts say could ease pressure on foreign reserves. The sale of Islamic bonds, known as sukuks, comes after the kingdom in October turned to the …
Read More »BUSINESS REPORTING: The Independent’s Khisa best in Uganda and Africa
ACME AWARDS: The Independent’s Khisa best in Business, Finance reporting Business, finance and economic reporting Winner Mr Isaac Khisa, The IndependentFishing in the dark on Lake Victoria Runner-up Mr Mark Keith Muhumuza & Mr Frederic Musisi, Daily MonitorTanga pipeline to take more than just oil to sea Honourable mention Mr …
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The Independent Uganda: You get the Truth we Pay the Price