Business

Paris, France | AFP | The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to rush out on a new spending spree just yet. In a flourish of earnings reports …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Annual Headline Inflation for January 2018 dropped to 3% from the 3.3% registered in December last year while Core Inflation fell to 2.6% from 3% , according to the latest figures provided by the Uganda Bureau of Statistics (UBOS). This is lower than …

Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways, will unveil non-stop Nairobi-Cape Town flights starting June this year in what appears to be a new wave of expansion. The airline will operate three times a week, every Wednesday, Friday and Sunday, using a Boeing B737-800NG aircraft. It …

Kampala, Uganda | THE INDEPENDENT | Japan has long been known for both its strong traditions and being on the cutting edge of technology. So it is not surprising that Nissan Motor Co. has partnered with a traditional inn, called ‘ProPilot Park Ryokan to create high-tech, self-driving slippers. The slippers park …

Kampala, Uganda | THE INDEPENDENT | Uganda’s trade minister, Amelia Kyambadde and her South African counterpart, Gratitude Bulelani Magwanishe, signed a declaration on Jan 30, 2018, in Pretoria, South Africa recognising the imperative to build a mutually beneficial trade and investment relationship that supports the industrialisation imperatives of the two …

Dubai, United Arab Emirates | AFP | IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs. Speaking at the one-day Arab Fiscal Forum in Dubai, Lagarde welcomed “promising” reforms adopted by some …

Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority (IRA) has so far issued eight certificates to banks to offer bancassurance (selling insurance policies) to their clients as one way of boosting the sector’s growth. Speaking at a press conference in Kampala on Feb.08, IRA officials including the Chief Executive …

Washington, United States | AFP | Twitter on Thursday reported its first-ever quarterly profit, a key milestone that sent shares soaring at the social network which has lagged for years behind fast-growing rivals. The San Francisco-based one-to-many microblogging service said it earned $91 million in the fourth quarter, the first …

NRM’s 32 year economy: If majority are praising it, why are experts worried about the future? Kampala, Uganda | JULIUS BUSINGE | One highlight of President Yoweri Museveni’s 32-year stay in power has been the massive efforts at resuscitating the economy. When Museveni and his group came into power in 1986, …

Kampala, Uganda | JULIUS BUSINGE |  The new headquarters of the Uganda Revenue Authority (URA) is on track for completion this year. According to Ian Rumanyika, the manager for public and corporate affairs in the Commissioner General’s office, the construction, which begun in August 2014 is expected to end in …