Business

Panama Papers expose efforts plot to dodge taxes in oil deals When 370 journalists from 76 countries collaborate on an investigation, the resulting story is bound to be explosive. That is exactly what happened with what has come to be known as “The Panama Papers”; which is a huge leak …

Caracas, Venezuela | AFP Venezuelan workers will get Fridays off for the next two months as part of an emergency plan to save electricity, the president said. Venezuela has the world’s largest proven oil reserves but its economy is a mess, with rampant inflation, shortages of goods as basic as …

Washington, United States | AFP Angola said Wednesday it had asked the International Monetary Fund for help after the crash in oil prices ravaged government finances. The IMF said discussions would begin next week in Washington on what could be a three-year support plan for the government. “The sharp decline …

Albert Einstein once said, “Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.” Basing on this, it is imagination that drives many companies and businesses as …

Bank of Uganda has reduced the Central bank Rate (CBR) to 16% to ease monetary policy for potential economic growth. BOU maintained the rediscount rate and bank rate at 20%and 21% respectively, the policy will also maintain the core inflation over the next quarters, so as to target 5% of the …

Web City Café, an Internet café in the heart of Kampala City, is only a fading shadow of its former self. In the early 2000s, it had hundreds of computer terminals that would be occupied by patrons throughout the day. The employees used to work in shifts into the wee …

BY ISAAC KHISA With barely two months to the next budget, Ugandans have to brace themselves for higher taxes come June. The country is only emerging from a tough general election. The economy is improving and there’s hope that the Bank of Uganda’s tighter monetary policy implemented in the past …

Nairobi, Kenya | AFP Kenya Airways, the east African country’s struggling national airline, is to cut up to 600 jobs as part of a bid to achieve $200 million in savings, the airline said Thursday. The reductions at the airline, partly owned by the government as well as Air France …

By Agnes E. Nantaba Barbara Birungi is the director of Hive Colab and founder of Women in Technology Uganda (WITU). She spoke to Agnes E. Nantaba about women’s role in entrepreneurship and technology in Uganda. What are the key elements in your management philosophy as a manager? Having the right …

Jean Philippe Bittencourt is the new General Manager of the Sheraton Kampala Hotel. He spoke to Patrick Kagenda about his vision, their operations and the general hospitality industry in the country. What is your background as far as the hotel industry is concerned? I have worked in the hospitality industry …