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Oracle, Eclectics partner to tap into East African businesses

Cloud computing infrastructure, analytics hailed for transforming business processes Kampala, Uganda | IAN KATUSIIME | US-based tech powerhouse Oracle has teamed up with Eclectics International, a leading Kenyan IT firm, to provide innovative technological solutions aimed at driving business efficiency and digital transformation across East Africa and beyond. The partnership was …

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Argentina receives $12 billion IMF bailout

BUENOS AIRES | Xinhua |  Argentina received 12 billion U.S. dollars from the International Monetary Fund (IMF) on Tuesday, the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves. The payment raises the country’s gross international reserves to 36.8 billion dollars, according to …

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AFDB: Africans should stop crying over lost USAID aid

“Africa should improve governance in order to improve transparency, close illicit financial flows. Africa loses almost ninety billion dollars every year. That is far much more than we get from aid and Foreign Direct Investment (FDI) every year” Abidjan, Cote d’Ivoire | THE INDEPENDENT | African Development Bank Group Secretary General …

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EXPERTS: PDM cash minus market support waste of time

  Kampala, Uganda | THE INDEPENDENT | Experts have warned that the continued extension of handouts or money to farmers through programmes such as the Parish Development Model (PDM) without offering them support on how to market their products will not help them create sustainable wealth. Delivering a keynote address …

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Armed thugs rob Hoima businesswoman in daring raid

Hoima, Uganda | THE INDEPENDENT | Unknown armed thugs raided a shop in Hoima City on Tuesday morning, robbing a businesswoman of sh2.5 million and several other valuables. The robbery occurred at around 3:30 a.m. near the Shell Pump Fuel Station in the heart of Hoima City. According to information obtained …

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