Business

Uganda participaes in Astana EXPO 2017, takes trade potential to central Asia Kampala, Uganda | THE INDEPENDENT | Uganda last week showcased her business, tourism and national achievements at the ongoing Astana EXPO2017 in Kazakhstan. The highlights of the Uganda day on July 24th 2017 included a press conference, a presentation …

Kampala, Uganda| THE INDEPENDENT | The Minister of Foreign Affairs Sam Kuteesa on Tuesday August 1, 2017 met the visiting Serbian State Secretary Nemanja Steavnovic at the Ministry of Foreign Affairs headquarters in Kampala. The purpose of his visit is to deliver a message to President Yoweri Museveni from the new …

If it looks so gloomy, why is everyone seeing it as bright? KAMPALA, UGANDA | JULIUS BUSINGE | The banking industry in Uganda appears to be facing an uncertain future. Most banks are recording a mixture of good and bad performance, sluggish growth in private sector credit, rising non- performing …

Surplus expected to eat into the producer’s profitability KAMPALA, UGANDA|ISAAC KHISA| The cement industry in Uganda could be headed for tough times as firms increase production capacity next year beyond the available demand. Lafarge Group’s Hima Cement is setting up a new plant in Tororo, eastern Uganda, with capacity of …

Madrid, Spain | AFP |  Real Madrid forward Cristiano Ronaldo denied hiding millions of euros in income at a court hearing near the Spanish capital on Monday where he was charged with tax evasion. The Portuguese — the world’s highest paid sportsman according to Forbes magazine — is the latest …

Haruna Nyanzi is the managing director of the Kampala-based Sombha Solutions, an information and communication technology provider. He spoke to The Independent’s Ian Katusiime about how the young company is setting itself apart in a rather competitive industry. What is your management style? I believe in clear goal sharing, where …

The National Social Security Fund’s move to shut down its old e-collection system and adopt a more advanced tech savvy portal last year coupled with increase in compliance has boosted its capability to collect more employee contributions, according to its Managing Director, Richard Byarugaba. KAMPALA, UGANDA |ISAAC KHISA|  Byarugaba, who …

  The Hague, Netherlands | AFP |  The British-Dutch oil giant Shell said it was temporarily shutting down Europe’s biggest refinery after a pre-dawn fire broke out at a power station on the vast site on Sunday. Flames billowed into the sky over the port of Rotterdam after the blaze …

Kampala, Uganda |ISAAC KHISA | Britam Holdings Plc has unveiled an asset management company in Uganda as it seeks to extend its asset management offering in the region. The new company, Britam Asset Managers (Uganda) is modelled along a similar successful company in Kenya. It will offer investment management and advisory services to pension …

New York, United States | AFP | The New York Times Co. said Thursday gains in paid digital subscriptions and stronger online advertising revenues helped the newspaper swing to profit in the second quarter. The prestigious daily, which has been gaining subscribers even as it is branded as “failing” by President …