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In The Magazine

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Africa’s free trade area boosts China

China is positioned to gain from significant constraints to accelerating and diversification of intra-Africa trade COMMENT | JONATHAN MUNEMO | The African Continental Free Trade Area (AfCFTA) intends to promote regional trade integration in Africa, which can play an important role in accelerating sustained growth and reducing poverty on the …

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Uganda and Afghan refugees

Uganda’s temporary accommodation of 2,000 Afghanistan refugees underscores the reputation Uganda has of being progressive, says Dr Evan Easton-Calabria, from the Refugee Studies Centre, University of Oxford When did Uganda start hosting refugees? Uganda has a long history of hosting refugees. This started in the early 1940s with Polish refugees …

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Ramathan Ggoobi’s big plan for the economy

Can he achieve it when the economy is still grappling with COVID-19? Kampala, Uganda | THE INDEPENDENT | Ramathan Ggoobi, the new Permanent Secretary at the Ministry of Finance/ Secretary to the Treasury (PSST) is promising to design and improve on a number of policies to achieve an all-inclusive economy. …

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I&M Group profits up 33%

Orient Bank’s acquisition in Uganda expands its balance sheet by Shs753 billion Kampala, Uganda | ISAAC KHISA | Regional lender, I&M Group PLC has recorded 33% growth in profit after tax to Shs134.6billion for 2021 half year period ended June.30. Its net interest income grew by 28% to Shs 285.2 …

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No dividend for Cipla shareholders

The company’s trading price has tumbled to less than Shs100 per share, down from Shs 256.5 IPO level Kampala, Uganda | ISAAC KHISA | Shareholders of drug maker, Cipla Quality Chemicals Ltd will not earn a dividend for the second consecutive year even after reporting a more than 50% drop …

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China’s presence in Africa

Beijing’s outreach is largely driven by the desire for support on the international stage from the continent’s 54 countries | THIERRY PAIRAULT | For all the talk of China’s growing presence in Africa, its economic engagement is surprisingly limited. In 2020, Africa accounted for 4 percent of China’s trade with …

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