Business

Diane founded Amooti.org, an online market place that provides easy access to African-inspired art, culture, fashion and other products over the Internet. The business gives gifted and inspired people a platform to share their talents and culture, while getting income for their work.  All they need to do is get …

VIDEO: South African Airways is set to boost the 6th wine festival in Uganda by exhibiting a wide variety of wine brands. At least 20 wineries from South Africa will exhibit. According to Yogi Biriggwa, South African Airways country director, there is so many wine brands in South Africa that Uganda is …

Lagos, Nigeria | AFP |  US oil and gas group ExxonMobil says it has discovered up to one billion barrels of oil in an offshore field in Nigeria, signalling a boost to the country’s crude reserves. The company said in a statement on its website on Thursday that the Owowo …

Following a series of speculative social media posts, Nakumatt Holdings has come out to say that “despite a number of unforeseen business challenges”, they are undertaking reforms and seeking financing that will stabilize their operations across East Africa. “We wish to reassure all our stakeholders that the business is solid despite …

Cairo, Egypt | AFP |  IMF chief Christine Lagarde said Thursday that Egypt is going through a currency “crisis,” suggesting a quick devaluation to tackle a widening gap between the official and black market rates. Egypt has been struggling to shore up its foreign currency reserves in the political and …

Washington, United States | AFP | White House hopeful Hillary Clinton said the proposed mega-merger of AT&T and Time Warner “raises questions and concerns” and merits further study. AT&T and Time Warner, home of CNN and HBO, have said the proposed $108.7 billion deal will benefit consumers as they gird …

Lagos, Nigeria | AFP | Nigeria’s currency scarcity remains a nightmare that won’t go away, with even Africa’s richest man Aliko Dangote feeling the pain. The West African country’s economy has been hammered by the global crash in oil prices — worth 70 per cent of its revenue and the …

Baghdad, Iraq | AFP |  Iraqi President Fuad Masum called on Wednesday for parliament to revise a law passed over the weekend that included a provision banning alcohol. The ban on the sale, import and production of alcohol, which was slipped into a draft law on municipalities in parliament on …

United Nations, United States | AFP | The United States on Wednesday abstained for the first time in 25 years from a vote at the United Nations calling for an end to the US embargo against Cuba. The UN General Assembly adopted the annual resolution by an overwhelming vote of …

Locked up mineral wealth, fortunes: President Museveni, mineral experts, policy makers exchange ideas on way forward for Uganda’s dormant mineral industry prospects Early this month, Uganda hosted the fifth Mineral Wealth Conference, which was organized by the Uganda Chamber of Mines and Petroleum (UCMP) under the theme, “Attracting Exploration Investment …