Business

  Paris, France | AFP | Billionaire French tycoon Vincent Bollore was detained Tuesday as part of a corruption investigation involving his group’s acquisition of contracts to operate ports in West Africa, legal sources told AFP. The 66-year-old head of the Bollore Group, was taken into custody in the Paris suburb …

Kampala, Uganda | THE INDEPENDENT | Barclays Bank Uganda has recorded an impressive performance for the year ended Dec 2017, with a 30% growth in net profit to Shs72bn amidst a surge in the Non-Performing Loans. The financial results released on April 16 shows that the growth in profits was driven …

Study shows sector is worse off today than it was eight years ago Kampala, Uganda | JULIUS BUSINGE | How has the Uganda’s Industrial Policy performed since it came into existence 10 years ago? Is it at par with the changing socio-economic issues? Will it be redesigned in such a …

Kampala, Uganda | THE INDEPENDENT | Uganda’s leading Pay TV operators have protest against a 2,400% increase in the annual license fees payable to Uganda Communications Commission (UCC). In a joint statement, they also refuted statements in a recent advert by UCC that said all Pay TV operators have not …

New York, US | THE INDEPENDENT | The Bloomberg Billionaire Index is a daily ranking of the world’s richest people. The index tracks the net worth of the 500 wealthiest people on the planet. In a world with booming entrepreneurship stories, success is often measured by the value one has …

Uganda participates in the Berlin Energy Transition dialogue 2018 Berlin, Germany | THE INDEPENDENT | Energy and Mineral Development Minister Irene Muloni has called on potential investors from Germany to consider investing in Uganda’s well-regulated and highly liberalized economy. Muloni told investors that Uganda had now overcome the supply side and …

Kampala, Uganda | THE INDEPENDENT | Bank of Africa’s Managing Director, Arthur Isiko, has tipped Small and Medium Enterprises (SMEs) on access to finance as a key aspect for business growth. Isiko was speaking at a business forum hosted by the Bank at Tick Hotel in Kawempe, a Kampala suburb on …

  Kampala, Uganda | THE INDEPENDENT | At the Uganda Securities Exchange 20th anniversary celebrations that took place in Kampala recently, brokerage firm, Crested Capital was awarded the “Broker of the Year”. This meant it was the overall best broker in 2017 for key performance indicators of turnover, deals and volumes …

Remittance payments hit record in 2017: World Bank Washington, United States | AFP |  Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. Uganda’s remittance inflows improved from $1.1 billion  …

Agreement seen as a key step towards the construction of $4bn facility Kampala, Uganda | RONALD MUSOKE | On April 10, Uganda moved closer to building a $4bn oil refinery in Hoima following the signing of an agreement between the government and a consortium of companies led by U.S giant, General …