Business

Kampala, Uganda | THE INDEPENDENT |  Civil Society Organizations (CSO) under the Umbrella Civil Society Budget Advocacy Group have expressed fears that impact of the highly shooting public debt is going to be much felt by Ugandans in the next financial year as government plans to spend more on debt …

Kampala, Uganda | THE INDEPENDENT | UMEME has disconnected Mbale Central Market over accumulated unpaid power bills of Shs 33million.The disconnection, which was carried out two weeks ago has left vendors counting losses. The most affected areas include; those selling fresh fish, meat, salons, tertiary clothes, tailors, mobile phones repairs, bakery, …

Kampala, Uganda | THE INDEPENDENT | Lira Municipal has temporarily halted payment of annual registration fees by boda-boda operators. The suspension of payment of 30,000 shillings was authorized by the Mayor, Mike Ogwang Olwa. The decision stemmed from series of complaints filed by the cyclists who want the fees reduced to …

Kampala, Uganda | THE INDEPENDENT | The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the TEF Entrepreneurship Programme. The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 African entrepreneurs. …

Kampala, Uganda | JULIUS BUSINGE | The Institute of Certified Public Accountants of Uganda has Thursday (Jan.03) released results for examinations  administered between November 26-30 at examination centres of Arua, Fort Portal, Gulu, Kampala, Mbale, Mbarara and Nkozi. The results released by ICPAU’s President Frederick Kibeddi (CPA), the Chairperson of the …

Berlin, Germany | AFP | US chipmaker Qualcomm said Thursday it had fulfilled the requirements set out by a court in a patent dispute case against Apple to ban the sale of older iPhone models in Germany. The court in the German city of Munich had ruled in favour of …

Washington, United States | AFP | Apple’s bombshell news — a sharply weaker revenue outlook and lower iPhone sales — has raised questions over the future of the California giant, which until recently had been seen as the undisputed innovation leader in the tech sector. Apple’s rare admission on Wednesday …

Chicago, United States | AFP | Major auto makers announced their end-of-year US sales totals Thursday, showing a slowing market even as Americans’ demand for more expensive SUVs and trucks drove up priaces. US consumers continued the trend away from small cars and sedans, but appeared increasingly squeezed by higher …

Frankfurt am Main, Germany | AFP | Some 372,000 German owners of Volkswagen cars fitted with motors that cheated emissions tests have joined a collective legal action against the auto giant, official figures showed Thursday. Hundreds of thousands of people signed up to the collective action between late November and …

Los Angeles, United States | AFP | “Aquaman” displayed a powerful kick in North American theaters over the weekend, taking in an estimated $52.1 million to help close a record year for the movie sector, final figures showed Wednesday. With hunky and heavily tattooed Jason Momoa in the lead role, …