Tag Archives: Business

BoU, UEDCL and Mandela National Stadium listed amongst those in red Kampala, Uganda | JULIUS BUSINGE | Uganda’s state-owned enterprises seem to be bleeding.  The latest Auditor General’s report shows that five out of the 29 state owned enteprises recorded losses in the recent two consecutive years. They include; Bank of …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Annual Headline Inflation for January 2018 dropped to 3% from the 3.3% registered in December last year while Core Inflation fell to 2.6% from 3% , according to the latest figures provided by the Uganda Bureau of Statistics (UBOS). This is lower than …

Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways, will unveil non-stop Nairobi-Cape Town flights starting June this year in what appears to be a new wave of expansion. The airline will operate three times a week, every Wednesday, Friday and Sunday, using a Boeing B737-800NG aircraft. It …

Kampala, Uganda | GODFREY SSALI | The murder trial of Pine Car Bond proprietor Muhammad Ssebuufu resumed Thursday before the High court in Kampala with a witness identifying to court the accused as the person he saw torturing Donah Betty Katusabe in 2015. Ssebuufu and seven other people are accused of …

Paris, France | AFP | The French league (LFP) has reached a “major agreement” with two networks to broadcast Ligue 1 games in Sub-Saharan Africa, it announced Monday, a clear sign of the impact made by the arrival of Neymar. The deal means French-language network Canal+ and Kwese, in English and …

Washington, United States | AFP | US job creation accelerated in January, as the labor market continued to absorb workers at a robust pace, unemployment clung to a record low and wages moved higher, the government said in a key report Friday. And with a near 10-year record in wage …

Theunissen, South Africa | AFP | All 955 gold miners trapped underground for more than a day in South Africa after a power cut were rescued unharmed on Friday, to the joy of waiting relatives. “Everybody’s out,” mine spokesman James Wellsted told AFP, adding that there were no deaths or …

Cooperative banks worldwide were financed by cooperatives societies  Kampala, Uganda | ISAAC KHISA | For some time now, Uganda’s cooperatives societies have expressed the need to re-establish the Cooperative Bank as their main source of capital for production, processing, diversification and value addition. Whereas they seem to have made a …

Kampala, Uganda | THE INDEPENDENT | Despite increased allocations by government, private players and the donor community towards Uganda’s agriculture financing, the sector has remained underserved. A 2017 report by the Uganda Agribusiness Alliance on agriculture financing notes that whereas several government and donor facilities have been established to provide …

Lagos, Nigeria | AFP | A gigantic oil tanker arrived in Nigeria as part of a multi-billion dollar project that should allow one of Africa’s biggest crude producers to pump out an additional 200,000 barrels a day. The floating production storage and offloading vessel is docked in Lagos after spending …