Tag Archives: economy

Mumbai, India | AFP | Industrialist Ratan Tata sensationally returned to the helm of India’s biggest conglomerate on Monday as Tata Sons dumped Cyrus Mistry as chairman in a shock announcement that stunned analysts. The 78-year-old takes interim charge of the sprawling $100 billion tea-to-steel group almost four years after …

 Oil refinery trouble: Museveni pushed into tight corner A shadowy international company registered in the British Virgin Islands (BVI), a major international tax haven is high up on the list of companies government is courting to invest in the $ 4 billion oil refinery, investigations by The Independent have found. …

Washington, United States | AFP |  Major internet services including Twitter, Spotify and Amazon suffered service interruptions and outages on Friday as a US internet provider came under sustained cyber attack. The internet service company Dyn, which routes and manages internet traffic, said that it had suffered a distributed denial …

Khartoum, Sudan | AFP |  Africa’s economic growth is expected to dip this year before rebounding in 2017 to remain the world’s second fastest growing region after east Asia, the African Development Bank said Thursday. Africa’s growth in Gross Domestic Product is expected to fall to 1.9 percent this year …

Beijing, China | AFP |    Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world’s second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too …

INTERVIEW: Godwin Mabano is the executive director of Mabaati Roofings Systems. He spoke to Agnes E. Nantaba about their operations and other pertinent issues in the construction industry. What are the key elements in your management style as a manager? The main element in management is setting a target and …

TRADE FAIR: Unstable prices, tough economic times scare international exhibitors I arrive at the Uganda Manufactures Association grounds in Nakawa, Kampala on Oct.07 at around 9am for the 24th Uganda International Trade Fair.  After making my way through the muddy parking lot to the gate, I join a queue of …

Government will soon introduce an information package for officials with details about the tourism and the investment potential of the country. All government officials travelling abroad will use it as a reference when speaking about the country. ICT minister Frank Tumwebaze told the press on Monday that many stakeholders have criticized government for failure …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has encouraged entrepreneurs and businesses to not only plan for marketing, rent, wages and transport costs, but also taxes, that eventually determine the survival of their enterprise. “Businesses need to start looking at tax as another cost of operation. My advice to …

Surge in prices could cause inflation flare up, squeeze Ugandan economy further – experts Uganda’s consumer price inflation fell more than expected in the past three months to September, thanks to a huge drop in non-food prices during the period, but economists say the downward trend is unlikely to be …