Business

Kampala, Uganda | ISAAC KHISA | Joram Nyanzi is the managing director of Kenlloyd Logistics Uganda Ltd. He spoke to Isaac Khisa about the performance and prospects of the region’s logistics industry. What is your management style as the managing director? I am a strong believer in human resource in an …

Geneva, Switzerland | AFP | Japanese car giant Toyota announced Monday that it will stop selling diesel cars in Europe, beginning the phase-out this year. “Diesel will be phased out in our passenger cars in 2018,” Johan van Zyl, president of Toyota Motor Europe, said in Geneva, where Europe’s first …

Johannesburg, South Africa | AFP | Four countries in southern Africa on Monday took steps against m imports made at a factory found to be the origin of the world’s worst-ever listeria outbreak. Mozambique and Namibia announced they were immediately suspending imports of the products. Botswana said it was recalling …

Milan, Italy | AFP | A trial for oil giants Eni and Shell over bribery and corruption allegations in the purchase of an offshore oilfield in Nigeria was delayed for two months on Monday. The trial had been set to start in a Milan court, but the judge said that, …

Kampala, Uganda | THE INDEPENDENT | The Common Market for Eastern and Southern Africa, is set to introduce the use and distribution of seed labels and certificates as a way of improving access to quality seeds in the region. This is because more than 130 million people in the region …

Kampala, Uganda | JACKSON EMANZI | In most developed countries building a house is a capital-intensive venture which requires a well-developed plan and readily available finances. This ensures the construction starts and is completed on time and the quality of the build is generally not compromised. In Uganda however as in …

Kampala, Uganda | THE INDEPENDENT | Business seem to be worsening at the retail chain, Uchumi Supermarkets. Latest data shows that the retail chain recorded a 63.5% growth in net losses to US$8.95million for the half year ended Dec 2017 citing reduced sales. The listed company recorded a net loss …

Kampala, Uganda | ISAAC KHISA | Senior executives in Uganda’s leading telecom companies have always said the country’s mobile phone market has room to grow but it is too small to support all of the seven telcoms. And the assertion seem to have come to pass, with the British based telecom, …

  CSBAG: Budget indiscipline killing Uganda’s economy Kampala, Uganda | THE INDEPENDENT | The Civil society Budget advocacy Group (CSBAG) has asked parliament to reject “unnecessary supplementary budget” requests by government extended to The House for approval. In a statement released on March 2, CSBAG said it wants the Public …

The government is yet to decide on whether or not to terminate the motor vehicle inspection deal Kampala, Uganda | JULIUS BUSINGE | The Uganda government is in a fix. Suspend and cancel the contract awarded to the Switzerland based firm, SGS, to carry out a motor vehicle inspection and possibly …