Business

    USED CLOTHES: What panic in Kenya and Rwanda’s firm stand mean for Uganda? Kampala, Uganda | ISAAC KHISA | Among optimists, the proposal by East African Community (EAC) member states to ban the importation of used clothes by 2019 is great because it could spark the growth of …

More than 290 firms approved to participate in Uganda oil industry this year Kampala, Uganda | RONALD MUSOKE | Uganda has unveiled its first National Suppliers Database with more than 290 firms approved to supply goods and services in the fledging oil and gas industry this year. The companies can …

San Francisco, United States | AFP |  Netflix on Monday reported that its number of subscribers climbed more than expected, topping 100 million worldwide and sending shares in the leading on-demand television service soaring. Netflix shares leapt more than 10 percent to $178.48 in after-market trades that followed release of …

  Johannesburg, South Africa | AFP |  A South African Uber driver whose car was torched five weeks ago died of his injuries on Monday, the company said, after an attack allegedly involving rival metre-taxi drivers. The man was parked on a street in the capital Pretoria at night when …

Brussels, Belgium | AFP |Britain and the European Union launch a new round of fraught Brexit negotiations Monday with Brussels pressing weakened British Prime Minister Theresa May to quickly set out her divorce strategy. Brexit minister David Davis travels to Brussels to meet Michel Barnier, the EU’s chief negotiator, for …

Uganda’s private sector activity improves on strong demand, but experts are worried that improvement in economic activities is likely to stir imports, putting pressure on the exchange rate and so is operational costs Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s latest report– Purchase Managers Index (PMI) for June 2017 …

MTN has reportedly agreed to settle a fine of US$8.5m (about R114m) with the Rwandan government after negotiations over the fine broke down. The fine was imposed on the Rwandan subsidiary of the Johannesburg-headquartered and JSE-listed mobile telecommunications group after it allegedly failed to comply with a regulatory directive precluding …

Johannesburg, South Africa | AFP |  A whites-only enclave in South Africa has resisted the country’s multi-racial reality for more than two decades, even adopting its own paper money in its bid to promote self-sufficiency. Now Orania, a town of 1,400 established during the dying years of apartheid and protected …

Beijing, China | AFP | China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according …

Nairobi, Kenya | AFP |  Mining company Acacia agreed Friday to pay more royalties to Tanzania’s government as it seeks an end to a dispute over alleged underreporting of production and profits. President John Magufuli accused the London-listed company, whose largest shareholder is Canadian Barrick Gold, of “theft” after a …