Business

Abuja, Nigeria | ISAAC KHISA | The African Export-Import Bank (Afreximbank) and the World Trade Center Miami Inc (WTCM) have signed a three-year memorandum of understanding that will enable the two institutions benefit from each other’s knowledge, experience and capabilities in pursuing the expansion of US-Africa business relationships. The MoU …

  Abuja, Nigeria | ISAAC KHISA | The African Export-Import Bank (Afreximbank) entered into a cooperation with an Angola-based pan-African conglomerate, Aenergy, to develop a low carbon sustainable economy and a climate finance strategy to support projects and national initiatives in the sector across Africa. The cooperation agreement, signed on …

COMESA: Uganda faulted for delaying to formulate competition law to facilitate fair trade   Nairobi, Kenya | JULIUS BUSINGE | One of the key objectives of competition policy is to promote consumer welfare by encouraging healthy competition among businesses in the Common Market for Eastern and Southern Africa. This is through …

       Lagos, Nigeria | ISAAC KHISA | The Nairobi-based African Trade Insurance Agency (ATI) has urged the African countries to focus on de-risking their economies to drive future investment growth. This was revealed during the Afreximbank’s 2018 Annual Meetings and 25th anniversary celebrations in Abuja, Nigeria. ATI’s Chief …

Abuja, Nigerai | ISAAC KHISA | South Africa’s President, Cyril Ramaphosa, has urged Nigeria to sign the African Continental Free Trade Area (AfCFTA) to create a single continental market for goods and services in member nations, with free movement of persons and investments. Ramaphosa, who was the chief quest during …

Tax body to save Shs3.8bn upon completion of the project Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority (URA) is expected to save at least Shs 3.8bn in annual rent upon completion of its office complex in Nakawa, Kampala. The ongoing construction works of the Shs 139bn URA Tower is …

Sustained marketing in America, Germany and the United Kingdom boosts tourist numbers but questions on validity of figures persist Kampala, Uganda | RONALD MUSOKE | Uganda has registered a surge in tourist numbers over the last one year, with many of the visitors coming in from key source markets of the …

Sector players call for more incentives for low cost houses Kampala, Uganda |   STEPHEN NUWAGIRA | The recent signing of a Memorandum of Understanding between Rwanda Development Board (RDB) and Mitrelle Group, to construct 10,000 housing units in Rwanda has led major players to demand reassessment of priorities. The Israel-based global …

AfDB hires Commissioner General to implement tax reforms in war-wrecked nation Kampala, Uganda | IAN KATUSIIME | South Sudan is a young nation beset with many troubles especially the continuous outbreaks of war. But that has not deterred Africa’s newest nation from building its institutions, with the National Revenue Authority being …

Kampala, Uganda |  JULIUS BUSINGE | International Distillers Uganda (IDU), a subsidiary of Uganda Breweries Limited, has opened a glass bottling line at its spirits manufacturing plant ahead of the alcohol ban sold in sachets in March next year. The new facility has a capacity to handle 6,000 bottles per hour …