Tag Archives: economy

Washington, United States | AFP | Recruits into the Islamic State group are better educated than their average countryman, contrary to popular belief, according to a new World Bank study. Moreover, those offering to become suicide bombers ranked on average in the more educated group, said the newly released study …

Abuja, Nigeria | AFP |  Nigerian President Muhammadu Buhari is selling two of his jets in a bid to cut costs as the West African country battles to overcome a recession. In a statement released late on Tuesday, presidential spokesman Garba Shehu said that Buhari is reducing the number of …

Paris, France | AFP |  Arsenal have never won the European Champions League but they reign over the continent when it comes to matchday revenue, with takings at their Emirates Stadium greater than anywhere else in Europe. Their 60,000-capacity ground in north London, opened in 2006, generated 132 million euros …

Johannesburg, South Africa | AFP |  Skilled workers are leaving sub-Saharan Africa in rapidly increasingly numbers, producing a “brain drain” that causes long-term social damage, the International Monetary Fund warned Tuesday. The IMF said that the number of sub-Saharan migrants living in developed countries could increase from about seven million …

Coffee entrepreneur Rugasira set to tussle it out with incumbent Olive Kigongo for UNCCI presidency As the Uganda National Chamber of Commerce and Industry (UNCCI) goes to the polls to elect new leaders, the battle lines have been drawn for the top job. Among those set to be elected in …

Lafarge Africa hopes to boost its market share in Uganda’s cement market through its subsidiary Hima Cement Ltd’s new plant in the country’s eastern region. The $40million plant, set to be constructed at Nyakesi in Rubongi in Tororo, is expected to increase the firm’s cement production capacity to 1.8million metric …

Special Report on the future of poverty in Uganda Ugandans often jokingly say people from western Uganda “are eating” to mean that they are economically prospering. It is also often a jibe at westerners because they are the “ruling clan” since President Yoweri Museveni hails from western Uganda. So when …

  New Delhi, India | AFP | Indians have declared almost $10 billion in hidden wealth under a government amnesty on tax evasion, as part of Prime Minister Narendra Modi’s moves to crack down on huge piles of black money. Finance Minister Arun Jaitley said the four-month scheme that closed …

VIDEO: Ever wondered why the education standards in Mityana district have gone to the dogs? Our team embarked on a journey to Mityana to find what the problem could be and in what might be a surprise to many… the teachers in district have resorted to riding boda bodas instead of attending …

Beijing, China | AFP | China’s richest man, real estate magnate Wang Jianlin, has warned the country’s property market is the “biggest bubble in history” — the latest alarm bell to be sounded on the world’s second largest economy. Wang, the owner of real estate and entertainment conglomerate Wanda, said …