Business

Doha, Qatar | AFP | Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on Monday. “Qatar has decided to withdraw its membership from OPEC effective January 2019,” Kaabi said at a Doha press conference. He …

Kampala, Uganda | AGENCIES | Morocco’s King Mohammed VI and French President Emmanuel Macron launched on Nov.15 the first high-speed train in Africa. The Moroccan king and Macron took the train from the northern city of Tangier to arrive in the capital Rabat, in a ride that lasted 80 minutes, compared …

Kampala, Uganda | ISAAC KHISA | Cairo-based African Export-Import Bank (Afreximbank) is seeking to recruit at least 700 commercial banks as agents across the continent to extend financial services to Small and Medium Enterprises (SMEs). Amr Kamel, the Bank’s Executive Vice President, Business Development and Corporate Banking, said the multi-lateral lender …

Kampala, Uganda | THE INDEPENDENT | Beat Wampfler , a cheese maker from the Emmental region of Switzerland has been experimenting with various musical genres to see if they can make his cheese taste better. While his idea may sound a bit crazy, he actually managed to get some scientists from …

Kampala, Uganda | THE INDEPENDENT | South Africa’s Solenta Aviation has become the majority shareholder in Fastjet PLC following the recent acquisition of additional shares. Solenta Aviation increased its shares from 29.8% to 54.3% automatically placing it in the driving seat of fastjet and its operations in operations in Zimbabwe and …

Kampala, Uganda | THE INDEPENDENT | After consulting a good number of its members, the National Social Security Fund has put in place a benefits payment plan that will allow qualifying members to retain part of their savings with the Fund at the point of exit so as to avoid misappropriation …

Kampala, Uganda | THE INDEPENDENT | On Nov.9, Hima Cement announced the launch of Supaset cement brand which it said comes to reinforce the company’s commitment to market innovations. Launching the brand at the company’s offices in Kampala, the Marketing Director, Allan Ssemakula said Supaset 32.5R is one of the brands …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank is set to open three more business incubation centres countrywide as it seeks to tap into investments in the oil and gas industry ahead of the production. Patrick Mweheire, the bank’s Chief Executive, said the lender will open the three training centres in …

Kampala, Uganda | THE INDEPENDENT | Hilton Garden Inn has announced the opening of 13 new properties in six countries across the world in the following months, several of them in Africa. Hilton’s upscale brand plans to tap into these new destinations by offering guests their signature combination of “warm hospitality, …

Kampala, Uganda | THE INDEPENDENT | Ethiopia’s national carrier, Ethiopian Airlines, has announced plans to have daily flights between Addis Ababa and Mogadishu starting Dec.01, less than two weeks since the carrier re-launched flights on the route. Presently, Ethiopian Airlines operates three weekly flights. Seeing neighbours Kenya Airways also jump on …