Business

Kampala, Uganda | JULIUS BUSINGE | Starting Oct.11, Phoenix Assurance rebranded and changed its name to MUA Insurance Uganda Ltd or simply MUA following an event that took place at the Sheraton Kampala Hotel a day before. Phoenix of Uganda Assurance Company Ltd was licensed to do business in Uganda in …

5,000 Entrepreneurs to be welcomed in Lagos for Africa’s largest entrepreneurial convening Kampala, Uganda | ISAAC KHISA | Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its 4th annual TEF Entrepreneurship Forum. The largest gathering of African entrepreneurs and the …

And the secret formula needed to accelerate GDP growth Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is likely to grow by 6.5%, according to central bank governor Emmanuel Tumusiime Mutebile. That would be about 12% higher than last year and the highest rate in years. But there is a problem; …

Museveni fight with oil firms threatens major project Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni’s dream of Uganda getting first oil by 2020 has been hit by a double blow from two international oil companies; Total E&P Uganda and Tullow Oil Uganda. Museveni is battling the two companies on …

  London, UK | THE INDEPENDENT | President Yoweri Museveni has made a passionate plea to the British business community to invest in Africa and in Uganda in particular. He said the British they have the capital, skills, entrepreneurship and knowledge to make profit while the continent needs to create …

New York, United States | AFP | Risks to the global financial system have risen somewhat in recent months as some emerging markets have struggled and trade war tensions have persisted, the International Monetary Fund warned Tuesday. The IMF, in its twice annual assessment of global financial stability, said conditions …

Two units set to go live within three months Nairobi, Kenya |ISAAC KHISA | There lies a stretch of land in Isimba village on the Victoria Nile in Kayunga District,  44km downstream of the 250 MW Bujagali Hydroelectric Power Station where dust has never settled. In the past five years, …

Bali, Indonesia | AFP | The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that “everyone is going to suffer” from a clash between the world’s two biggest economies. At a meeting on the Indonesian …

Good idea but needs to be cautiously handled Kampala, Uganda | JULIUS BUSINGE | Uganda’s plan to have telecom companies list on the stock market is a goodstep towards inclusive growth but should be handled cautiously to avoid discouraging investments. Financial and economic experts who spoke to The Independent said …

Company’s IPO was the most efficient with less than 5% of advertising and promotional budget compared to previous offers Kampala, Uganda | JULIUS BUSINGE | Shares of Cipla Quality Chemicals Ltd started trading at the Uganda Securities Exchange on September 17, making it the first drug maker in the region to …