Riyadh, Saudi Arabia | AFP | Saudi Arabia’s powerful crown prince appeared Tuesday at a glitzy investment forum boycotted by a host of global business leaders, as the petro-state admitted it is facing a “crisis” after the murder of journalist Jamal Khashoggi. Crown Prince Mohammed bin Salman smiled and took …
Read More »Is Africa starting to choke on China’s lending glut?
Freetown, Sierra Leone | AFP | It was a time for smiles and handshakes as the delegations from Sierra Leone and China Exim Bank sealed a loan to provide the impoverished West African state with a new airport. Just months later, the much-trumpeted Mamamah International Airport scheme, estimated to cost …
Read More »Pension assets nearly double in three years
Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …
Read More »2018/19 budget: Rwanda invest more in Agriculture
Rwanda invest more in Agriculture Targets making sector climate resilient, more productive Kampala, Uganda | FRANCIS BYARUHANGA | Rwanda has again increased its budget allocation to agriculture sector and edged closer to meeting the Maputo and Malabo declarations which require member states of the African Union to allocate at least 10% of …
Read More »Investment forum to discuss business opportunities
Kampala, Uganda | JULIUS BUSINGE | Players in the capital markets and other businesses are set to share knowledge at the first ‘Mkutano Investment Conference’ to be held on May 15 at Kampala Serena Hotel. David Ofungi, the founder and chief executive officer of DERO, the curators of the ‘Economic Mkutano …
Read More »Debate on Investment Code Bill stayed
Kampala, Uganda | PARLIAMENT UG | Parliament has deferred the debate on the Investment Code Bill to allow the Ministry of Finance and legislators to harmonise positions on controversial clauses in the proposed law. The Bill, first presented to Parliament in May 2017 seeks to revise, modernize and replace …
Read More »UIA’s restructuring takes shape
Investment body to nearly double its staff to promote investment, create jobs Kampala, Uganda | IAN KATUSIIME | Jolly Kaguhangire, the executive director of Uganda Investment Authority (UIA) is marking her first anniversary on the new job with restructuring at the investment agency aimed at marketing Uganda as a profitable …
Read More »Optimism as govt, investors sign refinery deal
Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …
Read More »COMMENT: New ways to finance infrastructure
To increase emerging markets’ share of infrastructure investment, the world needs more `patient capital’ COMMENT | JUSTIN YIFU, HAVARD HALLAND & YAN WANG | Lawmakers in the United States have introduced legislation that, if enacted, would create a new development finance institution (DFI) to replace the Overseas Private Investment Corporation. Unlike …
Read More »US Ambassador cautions Uganda on transparency in investment procedures
Kampala, Uganda | GODFREY SSALI | The US Ambassador to Uganda Deborah Malac has cautioned Uganda on the bureaucracies and red tape in investment procedures saying they discourage many potential investors. Malac said this during a meeting with the Minister of Trade, Industry and Cooperatives Amelia Kyambadde to discuss trade …
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