Business

Kampala, Uganda | THE INDEPENDENT | Banks in Uganda and other currency traders are awaiting directions on how they can proceed to trade Kenyan new currency notes. Kenya’s old 1,000 note stopped being legal tender on Monday 30 September 2019 and anyone who has it around the world will not …

Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has issued a strong warning to Ugandans investing in cryptocurrencies, saying the government does not recognize them and citizens are on their own. A Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of …

Cotonou, Benin | AFP |  Dozens of baskets brimming with newly-picked tomatoes gently rot in the sticky heat, becoming the latest casualty in a bout of trade tension between Benin and Nigeria. On August 19, President Muhammadu Buhari unexpectedly closed Nigeria’s borders to goods trade with Benin and Niger, declaring the …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Local Government has rolled out the automated Revenue Management System, e-logRev aimed at increasing revenue collections. The online tool is used for local taxpayers’ registration, payment assessments, e-payment, reconciliation, enforcement, reporting and integration with other government agencies. The system was launched …

  ✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% Kampala, Uganda | THE INDEPENDENT | Ugandans saving with the National Social Security Fund (NSSF) will earn 11 per cent on their savings this year, a drop …

✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 -……….. Kampala, Uganda | THE INDEPENDENT |  Ten days after cautioning that National Social Security Fund (NSSF) will pay a lower interest rate on account of a drop in its total …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said that he is in touch with the executives of oil companies and will meet them soon to discuss the current impasse in the sector. Museveni, who was speaking at the 5th Oil and Gas Summit at Serena Hotel in Kampala …

Bueno Aires, Argentina | WORLDCRUNCH.COM | Argentina is known for its large-scale, high-tech and export-driven farming sector. But now, some of its engineers are using their expertise to improve the practices of small-scale, peasant farmers — in Africa. Such is the case of Juan Francisco Acutain and Francisco Podestá, who are …

Looking at formal Small Medium Enterprises alone, the unmet need for credit in Sub Saharan Africa is close to $100bn. An array of strategies exists to derisk Africa’s SMEs for lenders and spur private sector growth. | THE INDEPENDENT | Small and Medium Enterprises (SMEs) are the driving force of …

Christian Saunders has been the United Nations Assistance Secretary-General in the Office of Supply Chain Management. He spoke to the Africa Renewal’s Kingsley Ighobor about the opportunities that African companies can tap form the UN. Globally, the UN has been reforming its supply chain management. How is this expected to …