Business

Kampala, Uganda | THE INDEPENDENT | For the first time, Uganda registered USD 122 million trade surplus with Kenya, with exports worth USD 628 million to and imports worth USD 505 million. Uganda had in the previous year exported goods valued at USD 475 million and imported goods valued at USD …

Kampala, Uganda | ISAAC KHISA | Micro, Small and Medium Enterprises are the engines of many economies including Uganda and therefore need bank’s help to thrive and grow, according to Prof. Chris Ogbechie, a strategic management don at Lagos Business School and former Chairman of the Nigerian-based Diamond Bank Plc. Prof …

Doha, Qatar | AFP | The boss of Qatar Airways said Wednesday his company was considering “several options” for a potential sponsorship deal in the English Premier League. Speaking on the sidelines of a ceremony announcing a yet another sponsorship deal, this time with South America football federation, CONMEBOL, Akbar …

Doha, Qatar | AFP | Qatar Airways announced yet another football sponsorship deal on Wednesday by unveiling a four-and-a-half year agreement with CONMEBOL to become the South American football confederation’s “official global airline partner”. The sponsorship agreement will run until the end of the 2022 World Cup in Qatar. “Qatar …

a Lagos, Nigeria | AFP | When one of Africa’s richest men joined Twitter and posted his first tweet on May 11 this year, the fanfare in his native Nigeria was immediate. News that Femi Otedola had opened an account spread like wildfire and the billionaire head of Forte Oil …

Kampala, Uganda | ISAAC KHISA | At least 126 Ugandan entrepreneurs were among 5,000 African upcoming entrepreneurs, private and public sector leaders and the broader entrepreneurship ecosystem that convened in Lagos on October 25 for the annual Tony Elumelu Foundation (TEF) Entrepreneurship Forum. The event which is the largest gathering of …

Hong Kong, China | AFP | Asia-focused bank Standard Chartered on Wednesday said pre-tax profits rose 25 percent in the first nine months of the year, and warned it was keeping tabs on worsening China-US trade tensions. The results come as the world’s top two economies have imposed a series …

Kampala, Uganda | THE INDEPENDENT | Tea farmers in Greater Bushenyi are counting loses following a drop of tea prices by at least Shillings 200 per kilogram. Greater Bushenyi is comprised of Bushenyi, Mitooma, Sheema, Buhweju and Rubirizi districts. John Bomukama, a tea farmer in Bitooma Sub County in Bushenyi district, …

Closing the financial inclusion gap will require government, private sector and development partners. Kampala, Uganda | JULIUS BUSINGE | How can women and youth population participate in the country’s formal economic activities?  This is what formed part of the discussion at a breakfast meeting organised by Financial Sector Deepening Uganda (FSDU) …

BoU says it’s not responsible for secrecy of customers’ information Kampala, Uganda | ISAAC KHISA | Privacy of customer data is the bedrock of the banking sector around the world but for a section of Uganda’s commercial banks, this code seems to be slowly eroding— posing a big risk to the industry …