BERLIN, German | Xinhua | Germany’s auto industry have cut more than 51,000 jobs over the past year as weak demand, U.S. tariffs and the costly shift to electric vehicles weighed heavily on the sector, according to a report by consultancy EY. Employment in the auto sector fell by nearly …
Read More »Oil markets face new uncertainties as drivers of supply and demand shift
Beijing, Uganda | THE INDEPENDENT | Oil markets are undergoing structural changes as the key drivers of supply and demand growth of the past 15 years start to fade, according to the latest edition of the International Energy Agency’s (IEA’s) medium-term outlook. The new changes are out of the intensifying …
Read More »Oil and gas driving demand for rental properties up
Kampala, Uganda | THE INDEPENDENT | Uganda’s property market is experiencing an increase in demand riding on the oil and gas development. The Independent caught up with Moses Lutalo, the managing director at Broll Uganda Ltd, a property management firm, for an interview on the developments in the rental space segment. …
Read More »Kampala real estate sector blues
New report indicates 4% surge in demand for office space Kampala, Uganda | THE INDEPENDENT | The latest real estate market report for the second half of 2022, published by Stanbic Properties Limited, a subsidiary of Stanbic Uganda Holdings Limited shows mixed activity performance in different spaces attributed to different factors. …
Read More »MPs demand audit into sh478bn injected into Crane Bank
Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has directed the Auditor General to carry out an audit into the sh478 billion injected into Crane Bank Limited by the Central Bank. The money was injected into the defunct Bank by the Central Bank …
Read More »Kooki demands direct talks with Kabaka over misunderstanding top story
Kampala, Uganda | THE INDEPENDENT | Kooki Chiefdom is demanding direct talks with the Kabaka Ronald Muwenda Mutebi II to resolve existing hostilities. In a statement issued on Wednesday evening, Iddi Ahmed Kiwanuka, the Kooki Chiefdom Prime Minister, says they want to discuss issues of mutual respect between the two cultural …
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