Business

Aon expands partnerships to better serve clients in sub-Saharan Africa Johannesburg  – Leading global provider of risk management, human resource consulting and outsourcing Aon has announced two important strategic developments in its sub-Saharan Africa operations, reaffirming its positive outlook for business on the continent. Capitalworks, a leading Africa focused and …

London, United Kingdom | AFP |  Russia’s Rosneft oil giant has paved the way for investment in Libya’s oil sector by signing a Cooperation Framework Agreement with the National Oil Corporation of Libya, it was announced Tuesday. The agreement was signed Monday on the sidelines of London’s International Petroleum Week …

Frankfurt am Main, Germany | AFP |  The United States’ new hostility to free trade deals under President Donald Trump is benefiting the European Union, the bloc’s top trade official said Tuesday. After Trump’s withdrawal from the Trans-Pacific Partnership trade deal in late January, “many countries are now turning to …

Albert Saltson has been appointed the new Chief Executive Officer (CEO)/ Managing Director of Standard Chartered Bank Uganda. The Ghanaian has been urged to put energies on fighting the rising cases of money laundering that threat the bank’s profitability and the Ugandan economy.   Share on: WhatsApp

World Bank describes impact on business growth, spending, saving culture. The banking segment is the most visible face of Uganda’s financial sector. So could the bad name it currently carries be hurting individuals and the economy generally? The World Bank Manager in Kampala, Christina Malmberg Calvo, thinks so and she …

President Yoweri Museveni on Monday commissioned Uganda’s first gold refinery with a promise to abolish royalty taxes to boost the sector. The newly-built $20 million African Gold Refinery in Entebbe, is the first of its kind in the region and has the capacity of processing up to 300 kg of gold weekly. It has …

Tursam Investments Ltd now worth Shs124million is targeting exporting fruit juice across the region Like the rest of Ugandans, Sam Turyatunga, 28, knew well that the country had plenty of fresh fruits. But unlike the rest of the population, he decided to take an opportunity of adding value to the …

Proponents of the law say it will ensure a healthy and productive population Uganda’s trader ministry and the Gulu District Local Government are at loggerheads over the latter’s decision to pass an ordinance restricting the sale and consumption of alcohol. Gulu District Councilors enforced an Alcohol Control Ordinance starting last …

Johannesburg, South Africa | AFP |  South African retail firms Steinhoff International and Shoprite Holdings announced Monday they had scrapped plans to merge their local assets to form the continent’s biggest retailer. The plan announced in December 2016 was geared to create a discount retailer worth over $14 billion to …

  The Deputy Speaker of Parliament Jacob Oulanyah has urged cooperative societies to generate their own income and rely less on donations. While launching the Kibuku United Farmers’ SACCO on Saturday  in Kibuku, the Oulanyah said that there was a tendency of Savings and Credit Cooperative Organizatio (SACCOs) to rely …