The bank is eyeing fin-tech, insurance, fund management and stock brokerage cash Kampala, Uganda | JULIUS BUSINGE | On April 10, Stanbic Bank might have given hope to its shareholders that they will earn more money in the near future estimated to be more than Shs300bn in net profit. The …
Read More »Museveni welcomes ‘baby’, pushes for East African airline
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said he is an advocate of an East African Airways to be owned and run by the East African Community bloc to stem what he called unnecessary competition. Museveni urged East African countries to work together instead of competing in the aviation …
Read More »Behind African Alliance’s move to quit brokerage business
Why brokerage firms must diversify investments to cope with emerging stock market trends Kampala, Uganda | JULIUS BUSINGE | Once upon a time, being a stockbroker was comfortable, genteel and lucrative, according to Andre Cappon, the chief executive officer, CBM Group, a management consultant firm specialising in financial services based …
Read More »How global media expansion in Africa spells doom for local players
Nicolas Pompigne-Mognard, the founder and chairman of APO Group, a top media relations consultancy and press release distribution firm in Africa and the Middle East was in Kampala in early April to talk to journalism students about the current media landscape on the continent that has seen international media organizations …
Read More »African free trade area could be operational in July
The agreement will have to dodge a patchwork of trade regulations and tariffs that make intra-African commerce costly | Shoshana Kede | Excitement was palpable throughout the region as the dream for a continental free trade area in Africa got the final ratification needed to become a reality this month. …
Read More »Report warns that stress, long working hours killing workers
Kampala, Uganda | THE INDEPENDENT | Stress and excessively-long working hours contribute to the deaths of nearly 2.8 million workers every year, while an additional 374 million people get injured or fall ill because of their jobs. This is according to a report released by the International Labour Organisation-ILO. According …
Read More »Upcountry transport fares stable
Kampala, Uganda | THE INDEPENDENT | Transport fares from Kampala to various upcountry stations have remained the same this Easter season. Managers at the different bus terminals in Kampala said that they had not increased transport fares because of few passengers travelling upcountry. The Operations Manager of KK Travellers Kamba …
Read More »Afreximbank aims to creat digital ecosystem to ease trade finance
Washington, US | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) is working, with the support of African Union (AU), to create a digital ecosystem that will eliminate the major bottlenecks to trade finance flows within Africa, Bank President Prof. Benedict Oramah has announced in Washington D.C. Delivering an address …
Read More »FAO moves to boost income for women
The challenge is that only two sub counties will be selected in the selected districts Kampala, Uganda | ISAAC KHISA | Like in most communities in Uganda, rural women in West Nile and Karamoja regions have limited access to resources to cater for their families. They have to search for …
Read More »OIL: Ghost ships of Lagos, a haven of crime
Lagos, Nigeria | AFP | The two men in the motorised wooden canoe look around warily as they leave a towering shipwreck in the Lagos lagoon, with the barrels of oil on board barely concealed under rags. The rusting hulk of iron and peeling paint has been battered by the …
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