Business

THE LAST WORD: Why many Ugandans are stuck in poverty and unemployment even in the face of opportunities THE LAST WORD | Andrew M. Mwenda | I have lately been arguing in this column that one of the most important drivers of prosperity is human capital. The better the human …

  Caxito, Angola | AFP |  Boxes of still-green bananas were shifted one-by-one from a towering stack of crates into a refrigerated shipping container. Stamped “From Angola, with love”, the fruit is shipped to consumers 6,000 kilometres (3,700 miles) away and are part of Luanda’s drive to diversify its economy …

Artificial Intelligence, Oil, tourism and agriculture discussed at Uganda’s ACCA 2018 convention Kampala, Uganda | JULIUS BUSINGE | Uganda’s Association of Chartered Certified Accountants (ACCA) will aim to raise members professionalism as they focus on providing guidance in the the oil sector. Andrew Ssekamwa, the vice chairperson – ACCA Members …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged the Uganda Revenue Authority (URA) to fill up existing tax gaps so that the country can gain financial independence and stop borrowing money to finance its budget. The President made the remarks at the ongoing first Science Model Workshop …

Juba, South Sudan | AFP |  South Africa and South Sudan signed an outline agreement on Friday that could see Pretoria invest around $1 billion (880 million euros) in South Sudan’s struggling oil industry. The agreement, which will be subject to detailed negotiations between the countries, was made between two …

      Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance (Planning) David Bahati has revealed that government is set to introduce a bill that will regulate digital currencies and pyramid schemes. “In October, Cabinet approved the National Payment System Bill. We intend to bring it …

Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Sugar Bill that seeks to regulate the industry and rejected a government proposal to provide operating zones for mills. In the Bill, government had proposed a zone of 25km between mills with no more than one mill in that zone …

Tokyo, Japan | AFP | Nissan’s board sacked Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial misconduct has stunned the business world, as France and Japan insisted they want the Nissan-Renault alliance to survive the scandal. Ghosn, in jail …

  Harare, Zimbabwe | AFP | Zimbabwe’s new finance minister Mthuli Ncube announced a five-percent cut to senior government officials’ salaries on Thursday in a bid to mend the shattered economy. Ncube’s budget also set out plans for the biometric registration of civil servants to weed out “ghost” workers who …

Washington, United States | AFP | US President Donald Trump on Wednesday ignored criticism that he gave Saudi Arabia a free pass on the murder of a dissident journalist, instead praising the Islamic kingdom for keeping oil prices low. Trump, on holiday at his Florida Mar-a-Lago Club, doubled down on …