Kampala, Uganda | THE INDEPENDENT | Uganda’s public relations firm, brainchild Burson-Marsteller, has rebranded to brainchild BCW (Burson Cohn & Wolfe), embracing the identity of BCW, one of the world’s largest full-service communications agency and Africa’s largest PR network. The development comes on the back of the 2018 global …
Read More »Chinese, French firms top foreign oil-gas suppliers’ database
What Chinese, French domination of Uganda’s oil and gas supplier database means for Ugandan entrepreneurs Kampala, Uganda | RONALD MUSOKE | As pressure to develop key upstream infrastructure picks up with billions of dollars expected to pour into the Ugandan economy starting this year, focus is now turning onto who …
Read More »World’s 26 richest own same as poorest half of humanity: Oxfam
As the elites gather at #wef19, we reveal the true costs of under-taxation of the rich on the world's poorest. Download our latest inequality report, 'Public good or private wealth', here→ https://t.co/UHN0xcW1Fc #FightInequality #BeatPoverty pic.twitter.com/Txo0QoKc5S — Oxfam International (@Oxfam) January 21, 2019 Davos, Switzerland | AFP | The world’s 26 …
Read More »From Mao to Trump: China’s economic roller-coaster since 1949
Shanghai, China | AFP | After remarkable growth and change for decades, most economists believe China’s economy is entering a period of slower, steadier growth. The world’s second-largest economy grew 6.6 percent last year, government figures showed on Monday, the slowest rate since 1990. Here is a brief look at China’s …
Read More »EA oil pipeline impact assessment report finalized
Kampala, Uganda | THE INDEPENDENT | The Environmental Social Impact Assessment (Esia) report for the East Africa Crude Oil Pipeline (EACOP), has been finalized and handed over to the National Environmental Management Authority (NEMA). The move signals a major milestone in the impending approval of the project. The study conducted by …
Read More »Telcos to list 30% stake on Uganda stock market
Kampala, Uganda | THE INDEPENDENT | Uganda will expect major telecommunication companies operating in the country to list 30% of their stock on the local bourse under a new policy intended to align operations in the sector with market realities. 256businessnews.com says the target is the two major mobile telephone …
Read More »Power tariffs drop
Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s Electricity Regulatory Authority has slightly reduced the electricity tariffs for the first quarter of 2019 compared with preceding quarter but not enough to stimulate industrial growth. The latest consumer tariff schedule shows that domestic consumers will now pay Shs718.9, down from Shs …
Read More »China’s economy grew at slowest pace in 28 years in 2018
Beijing, China | AFP | China’s economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles to quell massive debt and a US trade war, official data showed Monday. The 6.6 percent growth comes in above the official …
Read More »Govt halts issuance of betting licenses
Kampala, Uganda | THE INDEPENDENT | The government is suspending issuance of licenses to gambling and gaming companies. This was announced by State Minister for Finance David Bahati, at the closure of the 2019 Brethren Conference of the Diocese of Kigezi this afternoon. Bahati, who was representing President Yoweri Museveni …
Read More »Uganda’s growing public debt
PUBLIC DEBT: Why is it growing? Is it prohibitive, unsustainable? Kampala, Uganda | ANDREW M. MWENDA | On January 10, I watched with increasing depression a debate about Uganda’s national debt on the NBS Frontline show. Although the Minister of State for Finance, David Bahati, made many good arguments …
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