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Tag Archives: Business

Royal Bank of Scotland fails BoE stress test

London, United Kingdom | AFP |  The Royal Bank of Scotland is the worst prepared among Britain’s lenders for another financial crisis, the Bank of England said Wednesday, forcing the state-rescued lender into a new capital-raising plan. The BoE, revealing its latest stress tests on Britain’s top seven banks, added …

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Trump win breathes life into private detention industry

Washington, United States | AFP | Donald Trump’s White House triumph this month caught the business world by surprise but also breathed life into a little-understood US industry: private prisons and migrant detention centers. Following the Republican’s election, shares in two of the sector’s major players, CoreCivic (formerly known as …

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Nakumatt’s elephant missteps

Nakumatt: Unstable US$150m debt sends jitters among retail supermarket suppliers Business at Nakumatt supermarkets in Uganda has been slowly declining for months but recent persistent reports that all is not well at the parent company of the Kenya-based regional retail giant may have made a bad situation worse. The Nakumatt …

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Progress, but uphill slog for women in tech

Lisbon, Portugal | AFP |   They are under-represented in the industry and sometimes made to feel unwelcome in geek-infested workspaces, but women are making their voices heard at Europe’s largest technology marketplace. Organisers of this week’s Web Summit in Lisbon said nearly half its 53,000 attendees were women, helped …

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Uganda’s economy sound, says IMF

The economy isn’t in such a bad shape as earlier thought, the International Monetary Fund (IMF) has said in its latest assessment. Speaking at the conclusion of a two-week’s 7th review of Uganda’s economic programme under the Policy Support Instrument (PSI), Axel Schimmelpfennig, the IMF Mission chief, said the country’s prospects …

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Trump joins club of billionaire moguls elected to power

Paris, France | AFP |  Donald Trump, the real estate mogul, reality TV star and US president-elect whose worth Forbes estimates at $3.7 billion, joins an ultra-elite group of billionaire business tycoons who have come to power through the ballot box. Other political leaders who first made fortunes in businesses …

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Rwanda rebounds in doing business ranking

Once again Rwanda has recorded improvement in its global ease of doing business ranking. It is the sixth year in a row that Rwanda is maintaining a high ranking in the World Bank index which rates countries on how easily a business can be set up and how it is …

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Managing real estate

INTERVIEW: Adnan Mpuga is the Executive Director of Eastlands Agency. He spoke to Agnes E. Nantaba about trends in Uganda’s property and real estate market. What are the key elements in your management style as a manager? Hard work, honesty and respect for all are key elements in management. Working …

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