Thursday , November 14 2024

Business

Business news

US to allow Zimbabwe elephant trophy imports

Washington, United States | AFP | Animal rights groups on Thursday strongly criticized President Donald Trump’s administration for allowing the import of Zimbabwean elephant hunting trophies. The move reverses a prohibition imposed under former president Barack Obama and is the latest rollback of Obama-era controls on a number of fronts. …

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Africell, Uber signs new partnership deal

Kampala, Uganda | THE INDEPENDENT | Telecom firm, Africell Uganda and Uber have signed the ‘Uber With Africell’ partnership campaign agreement designed to enhance convenience with free rides for first time users. The campaign, which started on Nov. 02 will see new users get free first time rides up to Shs …

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SMEs are Uganda’s engine for growth

Deloitte, an international Audit firm operating in Uganda is working on a plan with the Ministry of Trade Industry and Cooperatives to aid small and medium enterprises (SMEs) grow their enterprises and boost economic growth. Its Managing Partner in Uganda, Norbert Kagoro, spoke to The Independent’s Julius Businge about their …

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Fair trade in coffee

How coffee marketing arrangement is putting more money in farmers pockets, improving quality Kampala, Uganda | ANDREW S. KAGWA | 80-year old widow Anna Kyamulabi grows coffee on her half acre farm in Bulwanyi village, near Kyengera in Wakiso District. She is a Fairtrade producer, although it unclear if she knows …

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World Bank expects higher oil prices in 2018

Kampala, Uganda | THE INDEPENDENT | Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing United States shale oil production, according to the World Bank’s Senior Economist John Baffes. …

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Kutesa in Paradise

Foreign Minister fingered in dodgy deal in Seychelles Kampala, Uganda | HAGGAI MATSIKO | Days after it emerged that Foreign Affairs Minister Sam Kutesa set up a company in a tax haven, the move continues to be scrutinised. Apparently, in 2012 Kutesa hired Appleby, a company renowned for creating offshore account …

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Sudan-based airline TARCO to fly to Entebbe

Kampala, Uganda | THE INDEPENDENT & AFP | Improved bilateral relations plus the recent lifting of tough economic and trade sanctions on Sudan look set to improve Uganda-Sudan trade. The coffee and airlines businesses are already reaping, if talks between visiting Sudan President Omar Al-Bashir and host President Yoweri Museveni are …

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COMMENT: Being middle-class

Why the private sector’s hype about the consumer habits of the African middle class isn’t helpful COMMENT | HENNING MELBER | The African middle class is of huge interest to business. This was confirmed again recently by well attended seminars in South Africa’s big cities to discuss “African Lions: groundbreaking study on the …

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