Business

Tokyo, Japan | AFP | The Bank of Japan on Monday unveiled a series of emergency monetary policy measures to shore up the world’s third-largest economy, as the coronavirus pandemic threatens a global recession. In a meeting brought forward by two days, the BoJ said it would double its annual …

Kampala, Uganda | THE INDEPENDENT | There is need to exercise high levels of hygiene especially when dealing with currencies, Dr. Yonas Tegegn Woldemariam, the WHO country director has advised. He explains that touching money is one of the fastest ways through, which the Corona virus can be spread since …

Kampala, Uganda | Julius Businge | Marketers are an important resource for any business to thrive going by the contemporary issues affecting the global economy, according to the Managing Director for MultiChoice Uganda Limited Hassan Saleh. Speaking at the inaugural ‘continuous development forum’ for Uganda Marketers Society (UMS) at Serena Hotel on …

Washington, United States | AFP | President Donald Trump on Wednesday suspended travel from Europe to the United States for 30 days in a “tough” new effort to halt the spread of the novel coronavirus pandemic that has sparked a run on the stock market and is rapidly multiplying. The …

Kampala, Uganda | THE INDEPENDENT | Simon Nkonge, the Commandant of the Cyber Unit at Kampala Central Police Station is in trouble for allegedly of extorting $60,000 (sh223 million) from a city businessman. Nkonge was picked up on Wednesday morning by operatives from the Chieftaincy of Military Intelligence–CMI shortly after reportedly …

Kampala, Uganda  | THE INDEPENDENT |  The Agriculture Committee of parliament wants Government to promote Hass avocado growing countrywide, saying it will boost farmer’s income.  Hass avocado is one of the most trending fruit at the moment with demand stretching from Europe, China, the United States and Middle East. The avocado, …

  Johannesburg. South Africa | THE INDEPENDENT | MTN Group’s president and CEO Rob Shuter will step down in March 2021 at the end of his contract, the company confirmed Wednesday, as it released its financial results  for year ended 31 December 2019. “CEO Rob Shuter will be stepping down from …

Stage set for competition with other regional commercial banks Kampala, Uganda | ISAAC KHISA | Patrick Mweheire, the former Chief Executive at Stanbic Bank Uganda, is considered to be one of the best brains within banking sector circles. This view is supported by his stellar performance at the bank where …

Kampala, Uganda  | THE INDEPENDENT |  The tourism and hospitality industry in Uganda is dealing with the worst surge in cancellation of bookings as the global coronavirus outbreak takes a toll on businesses.  Jean Byamugisha, the Uganda Hotel Owners Association chairperson, said many people who were scheduled to travel to Uganda …

Kampala, Uganda  | THE INDEPENDENT |  The economic uncertainty of  the COVID-19 coronavirus epidemic will likely cost the global economy USD 1 trillion in 2020, the UN’s trade and development agency, UNCTAD, has said.   The warning was sounded by Richard Kozul-Wright, the Director, Division on Globalization and Development Strategies at UNCTAD …