Tag Archives: economy

Kampala, Uganda | THE INDEPENDENT | The Capital Markets Authority (CMA) and the Uganda Manufacturers Association (UMA) have signed a Memorandum of Understanding to increase access to financing from the capital markets. The MoU will enable Uganda’s manufacturing sector to take advantage of customized training on various options for raising long-term …

Kampala, Uganda | Julius Businge | As coronavirus restrictions continue to bite the economy, e-commerce firm, Jumia, is creating job opportunities for the youth to make money and transform their lives on its platform. Since 2018, the company came up with Uganda’s JForce program. The program is Jumia’s pioneer sales consultants …

New York, U.S. | Xinhua | Wall Street’s major averages advanced in the week as investors assessed the possibility of a U.S. stimulus bill, while digesting a slew of economic data. For the week ending Friday, the Dow finished up 1 percent, the S&P 500 added 1.2 percent, and the Nasdaq …

Kampala, Uganda | THE INDEPENDENT | The United Nations has assured Uganda’s grain and cereal industry of an annual market worth US Dollars 4 million. Uganda’s produce especially maize and groundnuts has been greatly affected by low standards especially due to aflatoxins, a family of toxins produced by certain fungi that …

New York, U.S. | Xinhua | U.S. stocks advanced considerably in the week as retail trading frenzy cooled and Wall Street expected that a slew of downbeat data could boost the possibility of additional stimulus. For the week ending Friday, the Dow increased 3.9 percent, while the S&P 500 index and …

Addis Ababa, Ethiopia | Xinhua | Educational attainment gaps have limited the success of women-owned businesses in Africa, according to a report newly published by the United Nations Economic Commission for Africa (UNECA). The “Women’s Entrepreneurship Report” studied data from tens of thousands of African entrepreneurs and firms to establish links …

Kampala, Uganda | Julius Businge | Technological advancements, innovations continue to emerge in the world economy to facilitate transactions and related services across sectors of life. On Jan.11, Airtel Uganda, in partnership with Mastercard introduced a virtual debit card offering to enable customers transact online globally. The virtual (non-plastic) card allows …

Saving the 2021 economy: Key factors that might determine its performance and why government must act Kampala, Uganda | JULIUS BUSINGE | Ugandans went to the polls on Jan.14 to elect a new President and other political leaders amidst tight restrictions on preventing the spread of COVID-19 pandemic. Throughout the campaign …

Kampala, Uganda | THE INDEPENDENT | Lenders are hoping that the general elections will be peaceful so that their businesses return to normal. Like many other sections of the economy, the financial sector was still trying to recover from the effects of the Covid-19 pandemic when the climax of the election …

New York, U.S. | Xinhua | Wall Street’s major averages advanced in the first trading week of the new year as investors shrugged off the turmoil in Washington and a weaker-than-expected December U.S. employment report. All the three major indexes finished higher on Friday after achieving their respective milestones in the …