Business

Dubai, United Arab Emirates | AFP | Ethiopia on Thursday acquired a stake in a port in the breakaway state of Somaliland, its operator DP World said, as a legal dispute rages over another major Horn of Africa shipping hub. Dubai-based DP World last week accused Djibouti of illegally seizing …

Kampala, Uganda | THE INDEPENDENT | Jambojet, a low-cost subsidiary of Kenya Airways, plans to buy four aircrafts in the next 18 months to support its local and regional expansions. The airline’s CEO Willem Hondius said during the carrier’s maiden international flight to Entebbe on Feb 15 that they expect …

Kampala, Uganda |  THE INDEPENDENT | Uganda’s Minister of Gender, Labour and Social Development Janat Mukwaya has called on the Organisation of Islamic Cooperation (OIC) to visit Uganda and study youth and women programmes that can be adopted by member states. Speaking at the 4th Session of the Islamic Conference of …

Kampala conference discusses ways of increasing output but many wonder who would buy it Kampala, Uganda | JULIUS BUSINGE | Uganda is currently implementing an ambitious plan  the coffee road map to increase coffee output from the current 4.5 million bags to 20 million bags by 2025. This new target is …

Washington, United States | AFP | Facebook on Tuesday announced a $3 million pilot project aimed at helping US newspapers boost paid digital subscriptions. The move was the latest by the huge social network to respond to concerns that it and other online platforms have hurt news organizations by dominating …

Hong Kong, China | AFP | Banking giant Standard Chartered on Tuesday announced a return of dividends for shareholders after a two-year hiatus as it reported a surge in annual profits following restructuring and cutbacks. The Asia-focused lender said it would pay out a full-year dividend of 11 cents per …

Washington, United States | AFP | Boeing said Tuesday it has reached an agreement to build future Air Force One planes after addressing Donald Trump’s criticism over hefty costs associated with the presidential aircraft. “Boeing is proud to build the next generation of Air Force One, providing American Presidents with a …

Barcelona, Spain | AFP | Blazing fast 5G wireless networks promise to unlock the potential of internet connected devices, or the Internet of Things — making driverless cars and talking fridges a reality. With most European operators targeting 2020 for its rollout, 5G is the term on everyone’s lips at …

The tale of a Zombo and memories of Mahatma Gandhi’s words on the evil of man Kampala, Uganda | ALLAN KINANI | The scorching sun shot through the trees that were shading us, as the clock ticked noon. A gush of fresh, replenishing breeze swayed across, sweeping the dry leaves under …

Kampala, Uganda | THE INDEPENDENT | Ugandan Small and medium enterprises banking with the Togo-based Ecobank Transnational Incorporated (ETI), have a chance to borrow part of $200 million, FMO, the Dutch development bank, has made available for SME growth across the continent. Ecobank Group CEO, Ade Ayeyemi, said new transaction …