Business

Kampala, Uganda | JULIUS BUSINGE | People do not need a stock exchange account but instead need an account to save their money safely and be able to make small transactions. This is what stood out from a speech delivered by Warren Carew, representing Bill and Melinda Gates Foundation at …

Abu Dhabi, United Arab Emirates | AFP | Russian President Vladimir Putin signed deals worth over $1.3 billion with the United Arab Emirates on Tuesday, wrapping up a tour of the Gulf where he also courted investment in Saudi Arabia. A day after inking a major oil cooperation deal with Riyadh, …

London, United Kingdom | AFP | Departing Bank of England governor Mark Carney insisted Tuesday that there is sufficient time to hand over to his successor, despite Brexit chaos. Canadian Carney, 54, leaves his role on January 31 having extended his tenure twice on turmoil over Britain’s looming exit from …

Massive infrastructure development alone without well trained and skilled personnel will not help the country achieve desired economic growth targets. Kampala, Uganda | PATRICIA AKANKWATSA AND JULIUS BUSINGE | This was the message directed to the government during the recently concluded infrastructure conference in Kampala titled ‘infrastructure and human capital …

  INSURANCE AND MOBILE PHONES: Policymakers across the region need to implement policies and practices that stimulate growth Kampala, Uganda | ISAAC KHISA | The Sub-Saharan African region is set to be the hotbed for mobile phone services as the young population owns more devices in the next six years. …

Riyadh, Saudi Arabia | AFP | Energy superpowers Saudi Arabia and Russia on Monday signed a key deal to bolster cooperation among the world’s oil giants, as visiting President Vladimir Putin sought to defuse political tensions in the Gulf. Putin’s visit follows attacks on Saudi oil installations that Riyadh and …

Real estate experts react on the Electrical Plaza near Nakasero Market Kampala, Uganda | JULIUS BUSINGE | Plot 11, Market Street and Kiyembe Lane in Kampala Central District have changed their physical face following the official opening of a new commercial building – Electrical Plaza. It joins a list of …

Kampala, Uganda | THE INDEPENDENT |  National Water and Sewerage Corporation (NWSC) has announced water supply interruptions in some parts of Kampala on Tuesday 15th October, 2019 from 7am to 7pm. “This is to enable our engineers undertake routine maintenance works at Ggaba water treatment plant and other associated system …

Kampala, Uganda | THE INDEPENDENT | The National Agriculture Research Organization-NARO has introduced three coffee varieties that are resistant to diseases and the dry spell. The three varieties are NARO- Kituuza Robusta-NKR8, NKR9 and NKR10 generated in 2017. They were subjected to three years of testing before their launch to …

    Kampala, Uganda | THE INDEPENDENT | Following the rebasing of the Ugandan economy, it has been revealed that the industry sector, which comprises of construction, mining and quarrying, manufacturing, and electricity supply, experienced the biggest revision upwards. According to Uganda Bureau of Statistics (UBOS), industry sector’s contribution to …