Business

Beijing, China | AFP | China announced Friday it will hit US soybeans, lobsters, peanut butter and other imports worth $75 billion with new tariffs in retaliation for Washington’s planned duty hikes, further intensifying the bruising trade war between the world’s top two economies. The punitive tariffs of 5 to …

  Fort Portal, Uganda | THE INDEPENDENT | The MV Kazinga is in Uganda, and ready to sail. This after weeks on the road from Mombasa, to Kampala then eventually to the Queen Elizabeth National Park in western Uganda. Great Lakes Safaris chief Amos Wekesa and his team on Wednesday test …

UCC Blocks Rwanda’s New Times for Publishing ‘Propaganda’ Kampala, Uganda | THE INDEPENDENT | Uganda Communications Commission-UCC has blocked access to Rwanda’s New Times website in Uganda, saying the paper has continued to publish harmful propaganda against Uganda. The UCC Spokesperson, Ibrahim Bbosa, said UCC had directed “internet service providers …

Small businesses are plagued with numerous challenges including limited financial support, inadequate entrepreneurial skills and low corporate governance Kampala, Uganda | THE INDEPENDENT | Stanbic Bank in partnership with the GIZ Employment and Skills for Eastern Africa Programme (E4D/SOGA) will support Small and Medium Enterprises trainings ahead of oil and …

But who is benefiting? Kampala, Uganda | JULIUS BUSINGE | Latest statistics from Bank of Uganda shows that private sector lending has gone up. But, a section of the private sector mainly traders, manufacturers, economic experts are saying that they are yet to benefit. Issa Sekitto, for instance, an importer …

Kigali, Rwanda | AFP |  A Rwandan brewery apologised Tuesday for printing sexist jokes on its beer labels after its attempt at humour drew a stinging rebuke from some of the country’s top female officials. Skol Brewery Limited also promised to immediately discontinue its “Live Laugh Lager” campaign, which saw …

Kampala, Uganda | THE INDEPENDENT | Barclays bank Uganda has started pulling down its old company branding, changing colors and name to Absa. The bank’s branch at Lugogo has already seen the blue color ditched and re-branded with maroon and red colors and name changed from Barclays to Absa. Robinah …

The African Union launched the operational phase of the African Continental Free Trade Area (AfCFTA) at a summit in Niger last month. Vera Songwe is the Executive Secretary of the UN Economic Commission for Africa that has been providing support for the AU during negotiations and ratifications. She spoke to …

Kampala, Uganda | THE INDEPENDENT | Government has proposed an amendment to the Estates for Missing Persons Act 1973 that will allow persons between 18 and 25 years of age to benefit from the estate of a missing person provided they are still in school and not married. This is …

🇺🇬 Export earnings ⬆               2017/18 – 2018/19 Gold 🥇 US$343m – US$1,068m Fish 🐠   US$146m – US$185m Tobacco US$54m  – US$85m Cocoa B  US$58m – US$73m 🇺🇬 Export earnings ⬇                2017/18       2018/19 Coffee☕ US$492m  …