Business

Four things African governments need to get right Kampala, Uganda | FOLASHADE SOULE | You don’t negotiate with China!” I was quickly told when I started interviewing African public servants about their infrastructure deals with Beijing. There is a widespread view in Africa that you accept whatever terms are offered, for fear that …

Abidjan, Ivory Coast | AFP | Africa’s strong growth will accelerate in 2019 but fail to roll back high unemployment and poverty, the African Development Bank (AfDB) said Thursday. The continent’s gross domestic product expanded by 3.5 percent in 2018 after 3.6 percent in 2017 and should reach 4.0 percent …

Local traders claim foreign nationals involved in petty trade remains a headache Kampala, Uganda | ISAAC KHISA | Following the unexpected past bad year for businesses, there is a good chance that this could be reversed sometime this year, some analysts say. Their hope is that the economy, which has shown signs of …

But will oil companies pump money into key infrastructure projects to meet new first oil timeline? Kampala, Uganda | RONALD MUSOKE | Uganda’s oil and gas industry is expected to rake in investments worth over US$ 1 billion this year,according to senior energy ministry officials. The outlay for this year is part of …

New York, United States | AFP |  In the 1980s, the “Back to the Future” film franchise suggested we would all eventually wear self-lacing sneakers. Then a few years ago, Nike made the movie magic a reality, introducing its first shoe to the public with so-called “power lacing.” And on …

New York, United States | AFP | Conventional wisdom in the Amazon era holds that the lowest price wins the battle of the retailers, leading many to just about give away items to make a sale. Yet some data suggest a more nuanced reality: while 76 percent of retailers aim …

Kampala, Uganda | THE INDEPENDENT | The High Court has allowed Parliament to permit a new firm to operate the Members restaurant and bar. High Court Judge, Lydia Mugambe Ssali dismissed an application by Hellenar’s Restaurant, the firm that had operated the Parliament Restaurant and Bar for the last three …

Moroto, Uganda | THE INDEPENDENT |  Moroto District Local government has offered more than 228.1 hectares of land for the establishment of a cement factory amidst contests from the community. The decision to allocate the land to Uganda Development Cooperation-UDC and its partners TSAVO Engineers and Savanna Mines was reached during …

  Kampala, Uganda | THE INDEPENDENT |  Members of Parliament on the Finance Committee have rejected a request of sh250 billion by the Uganda Investment Authority (UIA) to purchase 446 acres of land in Namanve. The land is intended to help expand the Kampala Industrial Business Park. Led by the …

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. …