Business

Dubai, United Arab Emirates | AFP | Major oil producers meet in Abu Dhabi on Sunday to consider reverting to output cuts after a sharp slide in crude prices revived fears of a 2014-style crash. Oil prices shed a fifth of their value in just one month after surging to …

Kampala, Uganda | THE INDEPENDENT | Four of the five monitored sectors saw business conditions improve during October, the exception being industry. The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The …

London, United Kingdom | AFP | European stock markets rallied on Wednesday after a mixed session in Asia, as analysts warned of potential economic fallout from political gridlock in the United States triggered by the country’s midterm elections result. The dollar slid against main rivals, with the pound boosted also …

➡ $1bn project ➡ 95 kilometres ➡ 8 lanes Nakawa-Kyambogo ➡ 6 lanes Kyambogo-Mukono ➡ 4 lanes Mukono to Jinja Abidjan, Ivory Coast | THE INDEPENDENT | The African Development Bank (AfDB) has approved a sovereign loan of $229.5 million to Uganda to finance phase one of the Kampala-Jinja Expressway …

Kampala, Uganda | THE INDEPENDENT | The Ugandan government has been applauded for the pace at which it is undertaking projects in the Oil and Gas Sector. The Nod came during a tour of key projects in the Albertine Graben by a team of Ambassadors from the European Union currently in …

Kampala, Uganda | THE INDEPENDENT | The Commandant of the Fisheries Protection Unit in Eastern Uganda Capt. Joseph Ssebukera has closed Wanyage landing site in Mafubira Sub County in Jinja district citing poor hygiene. The landing site, which is home to around 400 people, lacks a functional toilet. The four stanza …

Kampala, Uganda | JULIUS BUSINGE  | In the coming months, drivers/riders operating under Taxify might have to abide by the terms and conditions of the trade lest they lose their job. Julian Byamugisha, the city manager for Taxify, Kampala told The Independent by email that Taxify team recently flagged fraudulent …

Why Africa Gold Refinery is unhappy with URA’s licensing of new refineries Kampala, Uganda | JULIUS BUSINGE | Executives at the East Africa’s largest refinery, Africa Gold Refinery are nervous about the future of the country’s precious industry. The firm’s Chief Executive Officer, Alain Goetz, said during the 2018 Mineral Wealth …

Kampala, Uganda | JULIUS BUSINGE | Horst Schultze, the co-founder of Ritz Carlton Hotels, President and Chief Executive Officer of WP Hospitality has urged players in hotel and tourism sectors to put their customers at the centre of their service so they can post impressive growth numbers. Schultze was at the …

Shanghai, China | AFP | Shanghai, China | AFP | The US-China trade war is the “stupidest thing in the world,” Alibaba e-commerce tycoon Jack Ma declared at an import fair that China opened Monday partly to counter foreign criticism of its trade policies. Ma, who recently took back an …