Business

Abuja, Nigeria | AFP |  Nigeria’s economic slump sharpened in the third quarter as rebels bombed oil pipelines in the restive south and businesses struggled to access foreign exchange, official data showed Monday. The third quarterly contraction in a row comes as the West African nation reels from a crash …

VIDEO: Lands Minister Betty Amongi has warned that the increasing land wrangles in the oil rich Hoima district might scare away potential investors in the Albertine region. Her warning follows the increasing cases of land disputes where powerful individuals are allegedly illegally evicting locals without any compensation. The minister is pointing …

Food prices remain high as service companies offer cuts The end of year festive season is coming during tough times and businesses need to devise new ways of reaching out to old customers and attracting news ones, according to Charles Ocici, the executive director of Enterprise Uganda, a UNDP sponsored …

CIC Insurance Group seeks Shs7.25billion in share offer to fund expansion Regional insurance firm, CIC Africa Insurance holds just 0.01% of Uganda’s insurance business but it has signaled its determination to change that with plans offer shares to selected Ugandan cooperatives and Savings and Credit Cooperative Societies (SACCOS). The plan …

President Uhuru Kenyatta has called on Africans to demand equal treatment when engaging with other countries on what he described as illegitimate and the unfair international order. Kenyatta regretted that while African countries accepted the sovereign decisions of other countries, their rights to exercise sovereignty and democratically set aside international …

COMMENT: By Geoffrey A Onegi-Obel The capital markets industry offers solutions for the country’s middle income economy challenge There has recently been an endless flow of ‘brilliant’ opinions about the way forward for Uganda’s ailing economy but none has so far had clarity that demonstrates understanding of the Economic Development …

Ask Aline Kabanda the key to Rwanda’s future success, and she will tell you: educating and empowering women, writes Jennifer Mattson. “I like to quote Nelson Mandela, who said, ‘Education is the most powerful weapon which you can use to change the world,'” says Kabanda, the country director for the …

Colombo, SRI LANKA | AFP |  Sri Lanka’s economy has begun to stabilise after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said Saturday. The Washington-based International Monetary Fund said it had just concluded its first review of …

San Francisco, United States | AFP | Facebook’s board of directors on Friday authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to take advantage of …

Washington, United States | AFP |  The New York Times reported a spike in subscriptions since the November 8 election, despite being called “fools” by president-elect Donald Trump for its coverage. The newspaper said in a statement Thursday it saw a net increase of 41,000 paid subscriptions in the week …