Business

New York, United States | AFP | Oil prices slumped to their lowest level of 2017 Wednesday following a bearish US supply report that also dented American petroleum-linked shares. The US oil benchmark, West Texas Intermediate, slid more than five percent to $50.28 a barrel, its lowest price since December. …

Washington, United States | AFP | After a series of embarrassing revelations, ridesharing giant Uber faces challenges in keeping growth on track, with top executive Travis Kalanick likely to face pressure to give up some control. Analysts say Uber’s rocky past month — marred by disclosures about a culture of …

By: Andrew S. Kaggwa Financial technology experts from 40 African countries are converging this month in, Lagos, the commercial city of Nigeria, to share their innovations, rethink their current models and gain valuable market insight of the African digital financial services market. Stone Atwine, the Ugandan CEO and founder of …

Good prices, increasing production excite UCDA A coffee replanting initiative, which started nearly five years ago, is expected to boost the country’s crop volumes starting this year. “We are seeing an increase in the coffee export volumes this year as the crops we started planting more than three years ago …

New $20mn firm welcomed but analysts say government must strengthen legal and monitoring framework of minerals sector     President Yoweri Museveni’s launch of a $20 million African Gold Refinery Ltd (AGR) – the first in East and Central Africa – in Entebbe on Feb.20 was a bold step welcomed by …

China trims GDP target, citing severe challenges Beijing, China | AFP | Chinese Premier Li Keqiang warned Sunday the world’s second-largest economy faces severe challenges, signalling a further deceleration as he announced a trimmed 2017 GDP growth target of “around 6.5 percent.” The economy is already growing at its slowest …

Faisel Gergab, is chairman of the Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) that owns 69% stake in UTL. He spoke to The Independent’s Isaac Khisa on the issues surrounding the company’s poor performance and its future outlook, just before government took over its management. How do you …

Beijing, CHINA | AFP |  China counts more than 100 billionaires among its top legislators, with 209 of the richest holding wealth nearly equivalent to Belgium’s annual GDP, according to a report released as the Communist Party’s annual parliamentary session started Friday. A key focus of the sessions is eliminating …

VIDEO: Government has today launched the “Buy Uganda, build Uganda” policy and the implementation strategic plan. This comes in a time when a free trade market seems to be doing harm to Uganda’s economy that is facing trade imbalance of $3million. This has been a wake up call to government …

VIDEO: Whereas insurance penetration in Uganda remains low at 0.85 percent, insurance companies say there are some products of insurance that should be looked at as a must have such as life insurance. Arjun Malik the Chief Executive officer at Prudential insurance says there is nothing that gives a family a …