Business

Accra, Ghana | AFP | Ghana has long been known for its bountiful gold reserves and was called “the Gold Coast” during its colonial era. But illegal mining in Africa’s second largest producer is taking a heavy human as well as environmental and economic toll with more than $2 billion lost …

Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …

JOBS: 34 positions to be filled at Petroleum Authority of Uganda Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda (PAU) is a statutory body established under Section 9 of the Petroleum (Exploration, Development and Production) Act 2013, and in line with the National Oil and Gas Policy for Uganda which …

Kampala, Uganda | Julius Businge | Airtel Uganda has announced the planned departure of their managing director Anwar Soussa in a notice shared on Aug. 09. According to the notice, Soussa, who took up this role in June last year, is leaving as a result of a personal decision to take …

Kampala, Uganda | GODFREY SSALI |The Minister of Trade, Industry and Cooperatives Amelia Kyambadde has condemned the manner in which Kampala Capital City Authority (KCCA) enforcement officers handle street vendors especially women, saying such excessive force is uncalled for. This follows the death of a one Olivia Basemera last Friday …

Harare, Zimbabwe | AFP |  Cash-strapped Zimbabwe announced Wednesday that it plans to build a $1 billion university to honour Robert Mugabe, the 93-year-old president accused of brutal repression and bringing the country to economic ruin. The university joins other facilities named after Mugabe including the government’s school of intelligence, …

Soc Trang , Vietnam | AFP | With a flashy gold watch and a chunky matching ring, Tang Van Cuol looks a far cry from the average Vietnamese farmer as he slings back a shot of rice wine and boasts about his projected earnings. After years scratching a living growing rice …

World Bank upbeat about economy | Says Public Private Partnerships on large projects could spur economy Kampala, Uganda | IAN KATUSIIME | The Uganda economy could grow at a rate of 5.2% during the current Financial Year 2017/18, according to the latest World Bank update released on July 25. That …

AGOA: Trade forum to showcase Trump’s Africa policy Lome, Togo | AFP |  US President Donald Trump barely mentioned Africa or trade with the continent during his whirlwind campaign and has been mostly silent about the region since taking office. But the annual African Growth and Opportunity Act (AGOA) forum …

Beijing, China | AFP | Fast food giant McDonald’s said Tuesday it would almost double the number of restaurants in China over the next five years as it refocuses on international markets amid slowing US sales. The Illinois-based burger chain will add 2,000 stores to its current 2,500 in China and …