Business

COMMENT | DAVID LUKE | African governments are seeking an extension of the African Growth and Opportunity Act (AGOA) beyond 2025. The law was enacted in 2000 to “encourage increased trade and investment between the United States and sub-Saharan Africa”. The Conversation asked David Luke, who specialises in African trade policy …

President said Africa should go to this high-level meeting with a common message on developing the continent’s energy needs Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni has advocated for a collective African voice at the upcoming climate change meeting in the United Arab Emirates, emphasizing the importance of articulating …

Kampala, Uganda | THE INDEPENDENT |  Another case of robbery involving a Chinese national has occurred in Kampala, resulting in a reported loss of $190,000, equivalent to sh718 million. He Wei told police he is the latest victim of a motorcycle robbery gang on Ssezibwa road in Kololo, Central Division, …

Kampala, Uganda | THE INDEPENDENT |  Airtel Uganda has together with  Itel unveiled the revolutionary Itel A70 at Sheraton Four Points in Kampala this week. This strategic partnership seeks to redefine smartphone accessibility, offering affordable yet feature-rich mobile technology to empower Ugandans. According to officials, there is a surge in smartphone …

 Local financial companies are capitalising on the opportunities left by international banks exiting Africa yet continue to struggle with the gap between perceived and actual risks in the market. SPECIAL REPORT | BIRD AGENCY |  In early 2022, UK-headquartered Standard Chartered Bank announced it was exiting five African countries and …

Kampala, Uganda | THE INDEPENDENT |  Uganda Revenue Authority (URA) has disclosed a shortfall of over sh160 billion in corporate income taxes. This shortfall is attributed to the various tax incentives issued by the government to investors with the aim of stimulating investment. This revelation stemmed from collaborative research conducted …

Kampala, Uganda | THE INDEPENDENT |  Uganda’s coffee exports face a tough huddle following demands that exports to the European Union come from registered farmers, the Uganda Coffee Development Authority (UCDA) has said. This will not only be a challenge to the authorities to have this met due to the …

Nairobi, Kenya |  Xinhua |  The eighth edition of China Trade Week kicked off in the Kenyan capital of Nairobi on Wednesday, as government officials renewed calls for deepening economic cooperation to realize mutual benefits. John Ololtuaa, principal secretary in the State Department of Tourism, said the three-day event offers …

Kampala, Uganda | THE INDEPENDENT |  SINOTRUK, a heavy-duty truck manufacturer in China, and CFAO Motors, the provider of mobility solutions in Uganda, have partnered for distribution. This collaboration represents a significant advancement in CFAO Motors’ goal of offering premium transportation options to the Ugandan market. This alliance was formally …

Kampala, Uganda | THE INDEPENDENT |  As the year-end festivities and business transactions pick up pace, the police have issued a warning to mobile money dealers and Village Savings and Credit Cooperation Organizations (SACCOs), highlighting their susceptibility to armed robberies during this period. This follows a recent surge in armed …