Business

Los Angeles, United States | AFP | “Aquaman” displayed a powerful kick in North American theaters over the weekend, taking in an estimated $52.1 million to help close a record year for the movie sector, final figures showed Wednesday. With hunky and heavily tattooed Jason Momoa in the lead role, …

San Francisco, United States | AFP | Apple cut its revenue outlook for the latest quarter Wednesday, citing steeper-than-expected “economic deceleration” in China and emerging markets. The rare revenue warnings from Apple suggested weaker-than-anticipated sales of iPhones and other gadgetry, in part because of trade frictions between Washington and Beijing. …

Los Angeles, United States | AFP | Disney posted its second best year at the box office ever, raking in $7.325 billion worldwide for everything from “Black Panther” and “Avengers: Infinity War” to hit animated sequel “Incredibles 2” and the latest “Star Wars” film. Disney remains the only studio to …

  Jinja, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga, has urged farmers to consider intensive commercial agriculture in a bid to grow household incomes and improve Uganda’s economy. Kadaga also asked farmers in Busoga sub-region to take advantage of the several partnerships made with the Government …

SICPA embroiled in fraud cases in various countries Kampala, Uganda | PATRICIA AKANKWATSA | Ugandan government has bowed to pressure from manufacturers and decided to put on hold the introduction of Digital Stamps intended to plug revenue leakages. This follows a series of meeting between the Minister of Finance, Planning and …

Tarhuna, Libya | AFP | Stretching as far as the eye can see, groves of gnarled olive trees in northwest Libya have proudly withstood the country’s devastating conflicts. But the industry of extracting olive oil, often dubbed “green gold”, is now under threat after Libyan authorities halted exports in a …

Kampala, Uganda | THE INDEPENDENT | Credit in shillings to the private sector has grown significantly from about four percent to 18.5 percent in 2018, according to the Bank of Uganda. The executive director research and policy Adam Mugume says people are borrowing more shilling-denominated loans than dollar-denominated ones because of …

Nigeria resolves $8 bln row with MTN Lagos, Nigeria | AFP |  Nigeria said it has resolved a dispute with Africa’s largest mobile operator over $8.13 billion (6.96 billion euros) which it accused MTN of illegally repatriating to South Africa. Africa’s biggest telecoms market Nigeria shocked MTN and foreign investors …

Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …

Low interest rates still hinder industry profitability Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks will pull off a surprise profit growth amidst low interest rates that dominated 2018. This is due to a sharp decline in the Non Performing Loans and growth in the private sector credit as prospective …