Business

VIDEO: Companies dealing in new shoes have decried the increasing fake shoes on the market that they say are impacting on their businesses negatively. According to the Bata Marketing and Sales manager Diana Nabunya, traders dealing in shoes should ensure high quality products. This as they launched special ladies shoes that …

The Board of Directors of Uganda Electricity Generation Company Limited (UEGCL) has warned about none conformity to agreed repair methods for previously observed cracks at the Isimba Hydro Power Project. The board made the observation Friday when they visited the Isimba Hydro Power Project site to assess the progress of the …

Government has lifted a ban on the externalization of labour to allow Ugandans seek jobs abroad especially in The Middle East. A year ago, government imposed a ban on the externalization of workers following reports of hostility meted out on Ugandans working abroad. The growing concern was that domestic workers …

Beijing, China | AFP | China has put its first stealth fighter into military service, state-run media reported on Friday, in the latest milestone highlighting the modernisation of the country’s armed forces. Swift, stealthy, and armed with long-range missiles, the J-20 represents a leap forward in China’s ability to project power …

Beijing, China | AFP | State support for private firms is crucial in China’s market, the head of the mainland’s online search giant Baidu said Thursday, following complaints from European businesses that Beijing-backed firms are pushing out foreign competitors. “I think state support of private companies is absolutely necessary. In the …

Washington, United States | AFP |  The US economy had another strong month of job creation in February, with the manufacturing, health care, mining and construction sectors all adding positions, the Labor Department reported Friday. The result was sure to boost already high expectations that the central bank will raise …

Brussels, Belgium | AFP | The idea of a so-called multi-speed European Union is not new, and some might argue that it already describes the bloc in its current form. But as 27 EU leaders without Britain discuss their post-Brexit future, the concept has come to dominate debate on what …

New York, United States | AFP | Oil prices slumped to their lowest level of 2017 Wednesday following a bearish US supply report that also dented American petroleum-linked shares. The US oil benchmark, West Texas Intermediate, slid more than five percent to $50.28 a barrel, its lowest price since December. …

Washington, United States | AFP | After a series of embarrassing revelations, ridesharing giant Uber faces challenges in keeping growth on track, with top executive Travis Kalanick likely to face pressure to give up some control. Analysts say Uber’s rocky past month — marred by disclosures about a culture of …

By: Andrew S. Kaggwa Financial technology experts from 40 African countries are converging this month in, Lagos, the commercial city of Nigeria, to share their innovations, rethink their current models and gain valuable market insight of the African digital financial services market. Stone Atwine, the Ugandan CEO and founder of …