Business

Paris, France | AFP | China’s investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an IMF bailout. While the funding it provided to Congo wasn’t part of the Belt and Road Initiative …

Studies show new initiative will merely benefit the contracted firm Kampala, Uganda | PATRICIA AKANKWATSA | On April 12, the Uganda Revenue Authority announced that it had rolled out digital stamps to combat illicit trade and seal revenue leakages. This move follows Kenya and Tanzania that have already done so. …

Kampala, Uganda | AFP | Nasasi Belinda, a Ugandan businesswoman, has won the east African country’s first-ever “Miss Curvy” beauty pageant, vowing to act as a role model for other women with “plus-size” figures. “I am going to be an inspiration,” an overjoyed Belinda said after winning the title in Kampala …

Kampala, Uganda | THE INDEPENDENT | Parliament has rejected a proposal by the government to allocate sh484.2 billion to recapitalize the Bank of Uganda (BOU) , reducing it to sh200 billion. The changes were made on Friday as Parliament adopted the report by parliament’s Finance Committee on the Finance Sector …

New York, United States | AFP | Aviation giant Boeing has suffered a $1 billion hit to its bottom line amid the crisis over its 737 MAX aircraft after two deadly crashes that grounded the plane and halted deliveries, the company said Wednesday. Boeing also withdrew its 2019 profit forecast due …

Why some Kenyans are going hungry months after a bumper maize crop | Timothy Njagi Njeru | Why are people going hungry in April after a bumper crop of staple maize was harvested last year? Distribution remains a persistent challenge when it comes to food access in Kenya. There has …

The bank is eyeing fin-tech, insurance, fund management and stock brokerage cash Kampala, Uganda | JULIUS BUSINGE | On April 10, Stanbic Bank might have given hope to its shareholders that they will earn more money in the near future estimated to be more than Shs300bn in net profit. The …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said he is an advocate of an East African Airways to be owned and run by the East African Community bloc to stem what he called unnecessary competition. Museveni urged East African countries to work together instead of competing in the aviation …

Why brokerage firms must diversify investments to cope with emerging stock market trends Kampala, Uganda | JULIUS BUSINGE | Once upon a time, being a stockbroker was comfortable, genteel and lucrative, according to Andre Cappon, the chief executive officer, CBM Group, a management consultant firm specialising in financial services based …

Nicolas Pompigne-Mognard, the founder and chairman of APO Group, a top media relations consultancy and press release distribution firm in Africa and the Middle East was in Kampala in early April to talk to journalism students about the current media landscape on the continent that has seen international media organizations …