Business

Governor projects 6.5% economic growth in three years but private sector concerns remain Kampala, Uganda | JULIUS BUSINGE | On April 09, the Bank of Uganda Governor, Emmanuel Tumusiime-Mutebile, arrivedat the Bank’s conference room on the 7th Floor to announce the Monetary Policy Statement for Aprilpast the usual time, 12:00pm. The …

Seattle, US | THE INDEPENEDENT | More than twenty Ugandan Coffee Roasters will join coffee professionals from around the world for the Specialty Coffee Association’s annual Specialty Coffee Expo this week. The five-day expo opening this Thursday in Seattle, Washington, will be used to tap into the unexploited American coffee …

How declining global labour costs and increasing robotics are conspiring against manufacturing there COMMENT | OTAVIANO CANUTO | In emerging markets, manufacturing has historically been a source of productivity, growth, and jobs. Since the 1950s, industrialisation has kept economies in Latin America, Asia, and Eastern Europe on a steady glide toward …

Kampala, Uganda | THE INDEPENDENT | The Albertine Graben Refinery Consortium (AGRC) posted a commitment bond of USD 2 million (over 7.4 billion Shillings) before it signed the Project Framework Agreement with the government for the oil refinery. Emerging information from the Directorate of Petroleum at the Ministry of Energy indicates …

Janat Museveni : Support skills training to empower youth Entebbe, Uganda | THE INDEPENDENT |  First Lady and the Minister of Education and Sports  Janet Kataha  Museveni has urged investors in the education sector from  Malaysia’s Limkokwing University of Creative Technology led by  the Vice President Dato Gail Phung to …

Fly on the wall at lunch between Mutebile and Kasekende Heated top executive meeting Kampala, Uganda | HAGGAI MATSIKO | It is 1:30 PM April 04. Governor Emanuel Tumusiime Mutebile, wearing a charcoal grey suit, white shirt and blue-checkered tie, is having lunch together with other bank executives in the Governors’ …

Kampala, Uganda | JULIUS BUSINGE | The cost of internet and related services could soon drop further if the proposed sector broadband policy is implemented, according to the Minister of Information Technology and Communications, Frank Tumwebaze. Tumwebaze, who spoke on the sidelines of the 19th ordinary session of the African Telecommunication …

Kampala, Uganda | THE INDEPENDENT | Barclays Bank of Kenya’s planned change of trade name to ABSA has run into strong headwinds after a local company went to court to stop the shift on grounds that it reserved and has been using the name for more than a decade, according to …

Kampala, Uganda | THE INDEPENDENT | It is exactly a year since the Rwandan government fired John Mirenge as the chief executive officer of national carrier, RwandAir, replacing him with Col Chance Dergano in an acting capacity. The good news now is that the national carrier has a substantial CEO following …

Kampala, Uganda | THE INDEPENDENT | The East African governments have been urged to use the Stock Exchanges to raise capital especially through issuance of large Initial Public Offers (IPOs) that can only come from the public sector. Geoffrey Odundo, the CEO for the Nairobi Securities Exchange (NSE), said there is …