Business

Beijing, China | AFP | China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world’s number two economy, but there were warnings Beijing would struggle to maintain its momentum. The readings will come as a relief after a series of weak readings …

The Minister of Finance, Planning and Economic Development Matia Kasaija will today present the financial year 2017/18 national budget which is expected to hit Shs29 trillion up from last year’s Shs 26.3 trillion. Kasaija will read the budget to parliament on behalf of President Yoweri Museveni who will later comment …

Africa’s insurance industry need fewer players to offer better services-Zep Re CEO Hope Murera It is six months since Hope Murera was appointed the chief executive officer of the Nairobi based-Zep Re (PTA Reinsurance Company) that  is charged with the task of promoting trade, development and integration within the  Common Market …

Doha, Qatar | AFP |  Qatar’s state-of-the-art Hamad International bills itself as one of the most luxurious airports in the world — but on Tuesday, it was also one of the quietest. As a travel ban announced by Saudi Arabia, Bahrain, Egypt and the United Arab Emirates (UAE) came into …

In fulfillment of the constitutional requirement under Article101 (1) of the Constitution of the Republic of Uganda,  President Yoweri Museveni on Tuesday delivered the State of the Nation Address, 2017. The president mainly gave accountability on particular government commitments and  appraised the country of the plans and strategies for the …

Johannesburg, South Africa | AFP | South Africa’s economy unexpectedly contracted in the first quarter of this year, pushing the continent’s most advanced economy into its first recession since 2009, according to official statistics released Tuesday. The data, which also showed unemployment hitting a 14-year high, are expected to pile more …

Lillian Keene-Mugerwa is the managing director of International Employment Linkages (IEL). She spoke to the Independent’s Agnes E Nantaba about externalization of labour as a solution to Uganda’s unemployment. What key elements encompass your management philosophy? The whole issue in management waters down to value because even if you are …

Uganda government agencies in charge of roads, water and electricity have been given the go-ahead by Kampala City Council Authority (KCCA) to start work on several projects that will use part of the land now housing Centenary Park. According to a statement released by the office of the KCCA executive …

Cancún, Mexico | AFP |  The International Air Transport Association (IATA) increased its profit forecast for the global airline industry Monday, citing surging demand. Total profits for the group’s 275 member airlines are now expected to hit $31.4 billion this year, up more than five percent from the previous forecast …

Business leaders want economic reforms to boost the economy Planned government borrowing and increased taxes to fund the Shs29 trillion budget for financial year 2017/2018 have left investors and business leaders worried about the coming year, ahead of the budget announcement next week, an informal survey by The Independent has …