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Tag Archives: economy

U.S. equities post weekly losses amid rising bond yields

New York, U.S. | XINHUA | U.S. stocks declined in the volatile past week as a surge in bond yields unnerved investors who rushed to dump risk assets, especially high-flying shares. For the week ending Friday, the Dow lost 1.8 percent, while the S&P 500 and the Nasdaq fell 2.5 percent …

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Why desired economic growth will be hard to achieve

Kampala, Uganda | THE INDEPENDENT | The recovery of the Ugandan economy to the desired levels will depend on many factors, most of them beyond the country’s control according to experts and the private sector. These factors include the rebound in the export sector, the developments in oil sector, the universal …

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UMA signs partnership with markets authority on capital financing

Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority (CMA) and the Uganda Manufacturers Association (UMA) have signed a Memorandum of Understanding to increase access to financing from the capital markets. The MoU will enable Uganda’s manufacturing sector to take advantage of customized training on various options for raising long-term …

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Jumia creates jobs for young entrepreneurs

Kampala, Uganda | Julius Businge | As coronavirus restrictions continue to bite the economy, e-commerce firm, Jumia, is creating job opportunities for the youth to make money and transform their lives on its platform. Since 2018, the company came up with Uganda’s JForce program. The program is Jumia’s pioneer sales consultants …

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OWC, UNBS push for quality grain produce

Kampala, Uganda | THE INDEPENDENT | The United Nations has assured Uganda’s grain and cereal industry of an annual market worth US Dollars 4 million. Uganda’s produce especially maize and groundnuts has been greatly affected by low standards especially due to aflatoxins, a family of toxins produced by certain fungi that …

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U.S. equities notch best week since November

New York, U.S. | Xinhua | U.S. stocks advanced considerably in the week as retail trading frenzy cooled and Wall Street expected that a slew of downbeat data could boost the possibility of additional stimulus. For the week ending Friday, the Dow increased 3.9 percent, while the S&P 500 index and …

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Bridging education gaps can uplift African women entrepreneurs

Addis Ababa, Ethiopia | Xinhua | Educational attainment gaps have limited the success of women-owned businesses in Africa, according to a report newly published by the United Nations Economic Commission for Africa (UNECA). The “Women’s Entrepreneurship Report” studied data from tens of thousands of African entrepreneurs and firms to establish links …

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