In The Magazine

President Paul Kagame says Africa has to mobilise its own resources to finance activities of the African Union Commission and not depend almost entirely on money from donors. The President presented the proposal as part of reform proposals of the African Union (AU) to fellow Heads of State and Government …

Shareholders of the regional beer maker, East African Breweries Limited (eabl) are set to receive a dividend of Kshs 2 (Shs 68) per share even as the company recorded a 2% growth in profit after tax to Shs 188bn in the second half of the year ending December 31, 2016 …

Dfcu’s new take-over will help expand its footprint countrywide When Bank of Uganda Governor Emmanuel Tumusiime-Mutebile announced that they were transferring liabilities and assets of Crane Bank to the Development Finance Company of Uganda (Dfcu), many wondered how that was possible. Crane Bank, set up in 1995, has been the …

USAID’s warning system shows why you should prepare for more bad news this year On Jan. 17, the weather was extremely hot in Kampala. Godfrey Mujuni, the manager of the Data Centre at the Uganda National Meteorological Authority, says thermometer readings indicated it was 34.0ᵒC which is about six degrees …

Brussels-based hotel chain, Rezidor Hotel Group has taken over management of the Aya Brothers-owned Pearl of Africa Hotel Kampala. The Group that manages hundreds of luxury hotels around the world under the Quorvus Collection brand, now joins other internationally and regionally operated brands in the city such as City Blue, …

Lagarde (right) praised Museveni’s (left) scaled-up infrastructure investments.When President Yoweri Museveni, Minister of Finance, Economic Planning and Development Matia Kasaija, Governor of Bank of Uganda Tumusiime-Mutebile and other senior officials stepped into the meeting with visiting IMF Managing Director Christine Lagarde this last week, they had under their belt a …

COMMENT: By Jim O’Neill Globalisation’s critics – those wrongly considering it a zero-sum game –won’t fight global poverty I was recently in beautiful Chile for a Futures Congress, and I had a chance to travel south to the very tip of Latin America. I also recently made a BBC radio …

COMMENT: By Paola Subacchi Once seen as modern witch doctors with exclusive knowledge, economists are now despised `experts’ Is the economics profession “in crisis”? Many policymakers, such as Andy Haldane, the Bank of England’s chief economist, believe that it is. Indeed, a decade ago, economists failed to see a massive …

Ibrahim Ssemujju Nganda’s dream was to become a lawyer but he failed to make the cut at A-level. He was instead admitted to study journalism at Makerere University – which he did not like and opted to study a BA Education. But this plan too failed. “I made attempts to …

The new Kia Rio is the fourth-generation of the Korean car maker’s small car although it’s not so small as once it was which is good news for those looking for a small, but practical car. It also has improved vision all round. The styling for the new Rio was …