Business

Kampala, Uganda | THE INDEPENDENT | An influx of businessmen and investors in oil related activities has pushed up the demand for accommodation in the Albertine Graben. The area is now attracting more investments from companies and individuals seeking to tap into the Oil and Gas industry. Investors from both within …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards (UNBS) has started investigations into how Natural Power SX Energy Drink ended up in one of the supermarkets in Kampala. The investigations followed a complaint from a consumer who developed an erection that lasted up to six hours after …

But risks to inflation including future direction of food crop prices, exchange rate prevail Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to grow faster this year subject to a number of fundamentals. These include; continued investment in public infrastructure which will in turn have positive spillovers on …

Kampala, Uganda | THE INDEPENDENT | Rwanda’s Ubumwe Grande Hotel fetched $34.053 million in as auctioneers that was held on Dec 24 to recover money owed to Kenya Commercial Bank’s Rwandan unit. The winning bid for the property was offered by Umubano Industries. Reports indicate that more than a dozen interested parties …

Kampala, Uganda | THE INDEPENDENT | Tanzania’s national carrier, Air Tanzania, has delivered its first Airbus A220-300 aircraft, making it the first airline in Africa to take on the type. The name The Wings of Kilimanjaro was given to the aircraft – a fitting name to complement their other aircraft. The airlines acting …

Washington, United States | AFP | China’s economy is more vulnerable to the fallout in the current trade stand-off with Washington and already has been hurt by the dispute, US Commerce Secretary Wilbur Ross said Monday. Ross’s remarks emphasized President Donald Trump’s confidence that the robust US economy means Washington …

Brokers, agents told to prove their relevance Kampala, Uganda | ISAAC KHISA | Predictions for Uganda’s insurance industry this year is positive but some players are likely to face uncertain future in their operations. The consensus view among industry players is that the industry will put a strong performance this …

Kampala, Uganda | THE INDEPENDENT | Minister of Finance Matia Kasaija has said Uganda’s debt remains sustainable with nominal debt to GDP of 41.5%. He said the debt levels are comfortably below the international sustainability threshold of 50% debt to GDP ratio –  beyond which debt starts getting unsustainable – and …

Washington, United States | AFP | World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. The decision ends Kim’s six-year tenure and may give US President Donald Trump decisive influence over the future …

Tokyo, Japan | AFP | The case of auto tycoon Carlos Ghosn has gripped Japan and the business world since his stunning arrest in November, and now he is finally getting his day in court. Ghosn will be able to make his first public statement at a brief hearing on …