Business

Paris, France | AFP | South Korean giant Samsung said Wednesday it will set up its third-biggest research centre for artificial intelligence in France. The announcement was made by Samsung Electronics president and chief strategy officer, Young Sohn, during a meeting with French President Emmanuel Macron in Paris. At the same …

Kampala, Uganda | ISAAC KHISA | The Insurance Regulatory Authority of Uganda (IRA-U) has started the construction of a Shs 28.4billion tower office and commercial block in Kampala. The 16,500 square meter project known as Insurance Towerswith 11 floors and two basements, is situated along Lumumba Avenue near the Rwenzori Courts. …

Lagos, Nigeria | AFP | Shell has filed a criminal complaint in the Netherlands against a former employee in connection with a 2011 oil deal in Nigeria, a company spokesman said Wednesday. News of the complaint, which was filed last week, comes at the same time the energy giant is facing …

New Delhi, India | AFP | An Indian billionaire who promised to help fund a rival to Facebook said Wednesday he had been “overwhelmed” with the response as the world grapples with concerns about data privacy. Anand Mahindra, whose Mahindra Group business empire spans everything from cars to real estate, …

Kampala, Uganda | JULIUS BUSINGE | Players in the coffee value chain have urged the youth and women to take advantage of the growing demand for coffee in Uganda and beyond to grow their income. Speaking to The Independent on the sidelines of a Coffee dialogue at Pearl of Africa Hotel …

Businesses set to benefit from signed bilateral agreements Kampala, Uganda | JULIUS BUSINGE | Nearly a dacade ago, Betty Kiguli, the procurement coordinator at Nice House of Plastics, hardly made a saving while clearing goods with customs officials. But things have changed in the past four years since her company was …

Kampala, Uganda | JULIUS BUSINGE | Mandela Group of companies through its subsidiary- City Oil in partnership with Emirates National Oil Company (ENOC) is sponsoring 30 lucky people to take part in the Abu Dhabi Desert Challenge. The fully paid trip will see the winners enjoy a three day and four …

Kampala, Uganda | ISAAC KHISA | Kenya Airways subsidiary, Jambojet, has widened ticket payments options with the introduction of MTN and Airtel Money services. This will enable travelers to book flights online, at call center or at their offices using the two mobile money optionsand obtain an e-ticket. Jambojetrecently launched its …

The study could thwart implementation of BUBU like initiatives Kampala, Uganda | ISAAC KHISA | Local firms that sell more of their products to government entities tend to perform better compared to their counterparts that do not, yet, passing laws that enforce local purchases could be disastrous. This is based on research …

Kampala, Uganda | JULIUS BUSINGE | Mr. Martin A. Nsubuga is the Acting Chief Executive Officer (CEO) at the Uganda Retirement Benefits Regulatory Authority (URBRA). He takes up the position with a wealth of experience to ensure that the gains of the past five years are sustained. He is concurrently serving …