Business

Kampala, Uganda | THE INDEPENDENT | African carriers’ posted the fastest growth in year-on-year freight volumes, up 15.6% in December 2017 and a capacity increase of 7.9% boosted by strong growth in Africa-Asia trade, latest data from the International Air Transport Association (IATA) shows. This contributed to an annual growth …

Kampala, Uganda | JULIUS BUSINGE | Times of visiting banking halls and Uganda Revenue Authority (URA) offices to file tax returns could be over as the tax body continues to partner with financial institutions and telecom companies to offer online payment solutions. Stanbic bank, which collects a third of URA’s annual …

Experts say financial institutions to prefer extending short term loans. New accounting standard will make loans, insurance more expensive Kampala, Uganda | ISSAC KHISA | Uganda’s banking and insurance industries are envisaging good times ahead as they embrace the new global accounting standards effective this year. The bad news is that borrowers …

Dubai, United Arab Emirates | AFP | France’s Prime Minister Edouard Philippe promised lower taxes and a business-friendly France at a global summit in Dubai on Sunday, seeking investment from the oil-rich Gulf region. “France is undergoing great transformation,” Philippe said, addressing a thousand-strong audience at Dubai’s World Government Summit. …

Kampala, Uganda | THE INDEPENDENT |  The National Water and Sewerage Corporation (NWSC) Managing Director Dr. Eng Silver Mugisha has been reappointed as the Vice President on the Board of the African Water Association at their 19th Congress in Bamako Mali. At the same event, the NWSC Director of Business …

  Nairobi, Kenya |  THE INDEPENDENT | Africa Logistics Properties (ALP) have stepped up the construction of Kenya’s first international standard grade-A logistics warehousing on two sites in Nairobi by drawing in e-commerce operator Copia Global. ALP, who are a specialist integrated property investment company that develops, acquires and owns class-A …

Paris, France | AFP | The world’s leading oil companies published a bumper crop in profits last year as rising crude prices helped turn their fortunes around, but they remain cautious and are unlikely to rush out on a new spending spree just yet. In a flourish of earnings reports …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Annual Headline Inflation for January 2018 dropped to 3% from the 3.3% registered in December last year while Core Inflation fell to 2.6% from 3% , according to the latest figures provided by the Uganda Bureau of Statistics (UBOS). This is lower than …

Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways, will unveil non-stop Nairobi-Cape Town flights starting June this year in what appears to be a new wave of expansion. The airline will operate three times a week, every Wednesday, Friday and Sunday, using a Boeing B737-800NG aircraft. It …

Kampala, Uganda | THE INDEPENDENT | Japan has long been known for both its strong traditions and being on the cutting edge of technology. So it is not surprising that Nissan Motor Co. has partnered with a traditional inn, called ‘ProPilot Park Ryokan to create high-tech, self-driving slippers. The slippers park …