Business

Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways, has announced plans to fly four times a week to Mauritius starting June, giving customers more options to travel to the Indian Ocean archipelago. The carrier said the new flight will also set it up to take advantage of traffic …

Kampala, Uganda | THE INDEPENDENT | Introduced in 1974, Sanlam Awards for Excellence in financial journalism are now open to Ugandan journalists. The awards are the premier financial journalism awards in South Africa and have become a prestigious event and fiercely contested accolade. The company’s Chief Executive Officer for Uganda, Gary …

Kampala, Uganda | THE INDEPEDENT | DFCU bank has become the 8th bank to receive a certificate from the insurance regulator, Insurance Regulatory Authority (IRA-U) to start selling insurance products at its 67 branches countrywide. This is backed by the Financial Institutions Amendment Act 2016. During the handover ceremony at IRA …

Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund contributions will soon hit Shs9 trillion due to increased compliance and introduction of voluntary contributions, according to the Fund’s Managing Director, Richard Byarugaba. Byarugaba, who spoke during the launch of Fund’s Corporate Centre at Workers House in Kampala, said company’s …

Paris, France | AFP | IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels. The International Monetary Fund was going to be “attentive” to the consequences of the …

Washington, United States | AFP | Google has begun a new effort to block annoying ads on its Chrome browser, as part of an initiative aimed at improving the online advertising ecosystem that provides the bulk of its revenues. The new ad filtering system rolled out this week aims to …

New York, United States | AFP | Coca-Cola reported a fourth-quarter loss Friday due to a one-time hit from US tax reform as growth in some non-cola beverages helped offset continued sluggishness in soda sales. The soft drink giant reported a loss of $2.8 billion in the quarter ending December …

Kampala, Uganda | THE INDEPENDENT | A one-year microenterprise graduation program targeting the ultra-poor in rural Africa offers a cost-effective way to tackle extreme poverty, according to preliminary results of a new study released in Kampala on Thursday. These preliminary results suggest that Village Enterprise’s integrated “graduation” model—comprised of targeting, training, …

  Kampala, Uganda | UGANDA PARLIAMENT | The Attorney General, William Byaruhanga, has requested Parliament for time to study the contract between the government of Uganda and SGS (Societe Generale de Surveillance), the motor vehicle inspection firm. This followed debate Wednesday on the report of the Committee on Physical Infrastructure where …

Brussels, Belgium | AFP | The European Commission said Thursday that certain social media companies need to do more to fully comply with EU consumer rules, singling out in particular Facebook and Twitter. “While Google’s latest proposals appear to be in line with the requests made by consumer authorities, Facebook …