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 »
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 »
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 »
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 »
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 »
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 »
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 …
Read More »
Isaac Khisa of The Independent magazine emerged as one of the winners of the 2017 Pan-African Re Insurance Journalism awards for a story about the insurance industry. Khisa was last week awarded Best Re/Insurance Industry Analysis and Commentary for his article “Insurance industry tops Shs700bn”. The award winners were announced at …
Read More »
Three months after Bank of Uganda (BOU) transferred the assets of Crane Bank to DFCU Bank, one of its key units Crane Forex Bureau has been struck of the list of registered currency operators. Others off the list, which means their Licenses have expired, are Karibu and Redfox. BOU transferred the …
Read More »
Why African countries banning imports of fruit and veg is a blunt tool Zambia’s government has just banned the imports of some farm produce as a way of promoting the growth of the agriculture sector. The Conversation Africa’s Samantha Spooner asked Calestous Juma, Professor of the Practice of International Development, …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
