Business

  Paris, France | AFP | Global stock markets were firmer Monday, buoyed by the prospect of further easing of coronavirus lockdowns despite sharp increases in case rates in some countries such as Brazil. On the downside, an upsurge in Sino-US tensions, especially over Chinese plans to introduce a national security …

Kitgum, Uganda |  THE INDEPENDENT |  Gulu Archdiocese has begun supplying high yielding cassava cuttings to farmers in Kitgum district as part of the presidential initiative for cassava commercialization in Northern Uganda.   At least 7,763 bags of Narocas-1 cassava cuttings will be delivered to the selected farmers in the district by …

Kampala, Uganda |  THE INDEPENDENT |  Uganda’s coffee exports were cut down by 117,588 bags in the month of April compared to what was exported in March 2020, a testament of how the COVID-19 pandemic has disrupted distribution chains. According to figures by the Uganda Coffee Development Authority, Uganda exported 359,973 …

Kampala, Uganda | THE INDEPENDENT | Uganda’s first information and communications technology manufacturing and assembling factory, Simi technologies has this morning sent the first batch of 18,000 locally made phones to Morocco. Located in Namanve industrial park, Simi technologies owned by Chinese Electronics firm ENGO Holdings Uganda Limited exported smartphones and …

Kampala, Uganda |  THE INDEPENDENT |   Uganda Christian University will only manage to pay three quarters (75 per cent) of each staff’s salary for May 2020 and will suspend all their duties from June 1. This affects both contract and full-time staff. In a note to staff on Friday, UCU vice-chancellor …

Kampala, Uganda | Isaac Khisa | Coronavirus pandemic currently ravaging the entire world presents an opportunity to reset the African continent so that the African population can be empowered to become more productive and self-reliant, according to the United Bank for Africa Plc. Chairman and Founder, Tony Elumelu. Elumelu, who spoke …

Nairobi, Kenya | THE INDEPENDENT | All transit cargo destined for Uganda, Rwanda and South Sudan will from June 1 be picked from Naivasha and not Mombasa, or be transported by Metre Gauge Railway to Tororo, then Kampala. Fuel products will be transported by pipeline to Kisumu and thereafter through Lake …

London, United Kingdom | AFP | Stock markets mostly slipped Thursday after rallying for much of the week amid concerns over the long-term impact of the virus and worsening China-US relations. On Wall Street, the Dow Jones index slipped into negative territory at the opening bell, while in Europe, Frankfurt and …

London, United Kingdom | AFP | Stock markets picked up Wednesday on hopes for a strong US economic rebound even though retailers reported mixed results and US-China tensions continued to mount. Equities have enjoyed a broad advance for several weeks as virus infection and death rates slow, allowing governments to lift …

 Ntungamo, Uganda |  THE INDEPENDENT |  Leaders in Ntungamo Municipality have disagreed over the proposed relocation of the Banana Market. Mayor Jacob Kafureeka wants the market shifted to his land in Kiziiko, a move that has been rejected by the councillors.  Last week, the municipal enforcement team ordered matooke traders to …