Business

Kampala, Uganda | THE INDEPENDENT | Century Bottling Company Limited (Coca-Cola) is running a promotion called “Vimba ne Coca-Cola, an Under the Crown (UTC) promotion that is seeing hundreds win instant airtime and cash prizes. The promotion, which started towards the end of last year, is running up to March …

  Kampala, Uganda | THE INDEPENDENT| Beer maker in Uganda, Nile Breweries Ltd, has unveiled a new  initiative to encourage farmers embrace better farming practices to improve sorghum harvests, one of the major components for beer production. The new annual initiative dubbed ‘Nile Breweries Kickstart Farmer’s Competition’ will see farmers …

Kampala, Uganda | THE INDEPENDENT | Tanzania has floated a multimillion dollar tender for 19 electric trains to be used on the standard gauge railway (SGR) which is under construction, according to the regional newspaper, The EastAfrican. State-run railway firm Reli Assets Holding Company (Rahco) is seeking the supply of …

New expansions could lead to a drop in cement prices Kampala, Uganda | ISAAC KHISA | The good news for Uganda’s cement industry is that it is headed towards increase in production in the next few months. The challenge, however, is that it could lead to a decline in prices …

Washington, United States | AFP |  Some lucky person in New Hampshire has won $560 million in a Powerball lottery, officials said Sunday, just two days after someone in Florida won a cool $450 million, helping push the weekend’s total past $1 billion, apparently for the first time in US …

  President snubs IGG, DPP, and Financial Crimes Unit Kampala, Uganda | HAGGAI MATSIKO | Sub-Saharan Africa’s second biggest gold refinery, the Uganda-based African Gold Refinery (AGR) deals in big money – with its volumes of exports, according to informed sources, valued at over Shs. 2 trillion over the last …

THIS WEEK: Disappointing festive season for traders Kampala, Uganda | THE INDEPENDENT | Traders did not make an anticipated killing from the festive season- a time when they reap abnormal profits. Some actually said they made their lowest sales in years. A number of them attributed the mixed results to …

Washington, United States | AFP | The US economy’s job creation ability disappointed in December, despite solid hiring in manufacturing and construction, according to government data reported Friday. But with the country believed to be near full employment, the jobless rate still held steady at its 17-year low of 4.1 …

London, United Kingdom | AFP | Premier League leaders Manchester City have more financial muscle than any other club in world football, according to a study that sees English clubs dominate the top 10. The Soccerex Football Finance 100, which ranks the world’s top teams based on both their playing and …

London, United Kingdom | AFP | The average price of a home in London dropped in 2017 for the first time in eight years on fallout from Brexit, data showed on Thursday. While prices were up nationwide, they were down in London for the first time since 2009, mortgage lender …