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COMMENT: Behind new Sugar Act

Thank you parliament for ensuring that new law on sugar shifts from ‘bitter’ Sugar Bill to new ‘Sweat’ Sugar Act COMMENT | Michael Mugabira | The Parliament of Uganda delivered a land mark victory on Nov.21 by passing the Sugar Act to streamline the affairs of the sugar industry. The Sugar Bill …

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Umeme’s new target

ERA wants the power distributor to connect more customers, cut losses Kampala, Uganda | JULIUS BUSINGE | Selestino Babungi, the managing director of Uganda’s largest power distribution company, Umeme, wants the industry regulator, Uganda Electricity Regulatory Authority (ERA) to set for them fair targets amid high consumer expectations. Babungi said fair …

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SHOPPING: Black Friday

Why do shoppers throw punches over bargains? A marketing expert explains the psychology Kampala, Uganda | COLLEEN P. KIRK | Black Friday, the most celebrated shopping day of the year, abounds with tales of fistfights over discounted televisions or even stampedes as consumers rush to get that low-priced sweater they saw …

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Nigeria seeks arrest, extradition of former oil minister

Abuja, Nigeria | AFP |  Nigeria’s main anti-corruption agency on Monday filed for the arrest of former oil minister Diezani Alison-Madueke after a judge approved a request for her to be charged with corruption. The Economic and Financial Crimes Commission (EFCC) said in a statement the application for warrant of …

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Mexico says presidential jet to be sold

Mexico City, Mexico | AFP | Mexico is putting the presidential jet on the auction block, Andres Manuel Lopez Obrador’s team said Sunday, making good on the new president’s campaign pledge on his second day in office. The Boeing 787-8’s last mission took outgoing president Enrique Pena Nieto to the …

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Qatar to quit OPEC in 2019: energy minister

Doha, Qatar | AFP | Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on Monday. “Qatar has decided to withdraw its membership from OPEC effective January 2019,” Kaabi said at a Doha press conference. He …

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Morocco launches Africa’s first high-speed train

Kampala, Uganda | AGENCIES | Morocco’s King Mohammed VI and French President Emmanuel Macron launched on Nov.15 the first high-speed train in Africa. The Moroccan king and Macron took the train from the northern city of Tangier to arrive in the capital Rabat, in a ride that lasted 80 minutes, compared …

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Afreximbank seeks to recruit 700 banks as agents

Kampala, Uganda | ISAAC KHISA | Cairo-based African Export-Import Bank (Afreximbank) is seeking to recruit at least 700 commercial banks as agents across the continent to extend financial services to Small and Medium Enterprises (SMEs). Amr Kamel, the Bank’s Executive Vice President, Business Development and Corporate Banking, said the multi-lateral lender …

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