Business

Kampala, Uganda | JULIUS BUSINGE | Officials from Uganda Coffee Development Authority (UCDA) are optimistic that the discussions and resolutions that will emerge from the 16th African Fine Coffee Conference and exhibition week will support Uganda’s big coffee sector targets. The conference that runs from Feb.14-15, will be held in Kampala …

Frankfurt am Main, Germany | AFP | German sportswear firm Puma on Monday reported record revenues in 2017, with celebrity sparkle from Rihanna and the football World Cup set to maintain the leaping-cat brand’s appeal into 2018. Net profit at the Bavaria-based company more than doubled last year, reaching 135.8 …

Kampala, Uganda | IAN KATUSIIME | Jaffar Tonda is the Team Leader at Synergy Partners, a real estate developer. He spoke to Ian Katusiime about the real estate sector in Uganda and its prospects. As Team Leader at Synergy Partners, what’s your leadership style like? Mine is more macro based, where …

Young entrepreneur exploits well-kept secret Kampala, Uganda | ANDREW S. KAGGWA | That Uganda has the largest single owned cocoa farm in Africa is perhaps one of the best kept secrets – and Stephen Sembuya, the co-owner of the cocoa trading and processing firm Pink Foods Industries, was born into it. …

Kampala, Uganda | THE INDEPENDENT | African carriers’ posted the fastest growth in year-on-year freight volumes, up 15.6% in December 2017 and a capacity increase of 7.9% boosted by strong growth in Africa-Asia trade, latest data from the International Air Transport Association (IATA) shows. This contributed to an annual growth …

Kampala, Uganda | JULIUS BUSINGE | Times of visiting banking halls and Uganda Revenue Authority (URA) offices to file tax returns could be over as the tax body continues to partner with financial institutions and telecom companies to offer online payment solutions. Stanbic bank, which collects a third of URA’s annual …

Experts say financial institutions to prefer extending short term loans. New accounting standard will make loans, insurance more expensive Kampala, Uganda | ISSAC KHISA | Uganda’s banking and insurance industries are envisaging good times ahead as they embrace the new global accounting standards effective this year. The bad news is that borrowers …

Dubai, United Arab Emirates | AFP | France’s Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai on Sunday, seeking investment from the oil-rich Gulf region. “France is undergoing great transformation,” Philippe said, addressing a thousand-strong audience at Dubai’s World Government Summit. …

Kampala, Uganda | THE INDEPENDENT |  The National Water and Sewerage Corporation (NWSC) Managing Director Dr. Eng Silver Mugisha has been reappointed as the Vice President on the Board of the African Water Association at their 19th Congress in Bamako Mali. At the same event, the NWSC Director of Business …

  Nairobi, Kenya |  THE INDEPENDENT | Africa Logistics Properties (ALP) have stepped up the construction of Kenya’s first international standard grade-A logistics warehousing on two sites in Nairobi by drawing in e-commerce operator Copia Global. ALP, who are a specialist integrated property investment company that develops, acquires and owns class-A …