Business

London, United Kingdom | AFP | Europe’s major stock markets churned lower Wednesday as investors took their cue from downbeat sentiment in Asia, while Wall Street resumed its upward trend. Virtual currency bitcoin meanwhile dived, falling below $10,000 for the first time in six weeks in what one analyst called a …

Kampala, Uganda | JULIUS BUSINGE | Sadolin Paint has partnered with local businessman, Joseph Kanaaba to launch a Shs 180 million colour centre located at Freedom City, along Entebbe Road – a few kilometers away from Kampala City. In an interview with The Independent, Kanaaba said the Centre opened business on …

What experts think is important in regard to president’s message Kampala, Uganda | JULIUS BUSINGE | Gideon Badagawa, the executive director at the Private Sector Foundation Uganda (PSFU), says President Yoweri Museveni’s New Year speech with regard to value addition was well-intentioned. “The concentration of the speech on value addition …

Abidjan, Ivory Coast | THE INDEPENDENT | The latest African Economic Outlook (AEO) report indicates that foreign direct investment (FDI) flows following the recent issuance of oil exploration licenses and  the investment in infrastructure development is expected to spur Uganda’s economy for most of 2018. The African Development Bank 2018 …

Why is country mortgaging her future by relying on external borrowing rather than tax revenue? COMMENT | MUSA MAYANJA LWANGA & FLORENCE NAKAZI | In the recent past, owing to Uganda’s many development needs including large infrastructure projects and expanding public administration costs, government expenditure has significantly exceeded revenue collection. This has …

Why it wouldn’t work elsewhere in Africa Kampala, Uganda | NIC CHEESEMAN | Rwanda is often touted as an example of what African states could achieve if only they were better governed. Out of the ashes of a horrific genocide, President Paul Kagame has resuscitated the economy, curtailed corruption and maintained …

London, United Kingdom | AFP | The British government on Tuesday defended its decision not to bail out imploding construction-to-catering group Carillion, as criticism grew of its handling of the giant firm’s demise. Carillion, which has a variety of private and public service contracts in Britain and employs 43,000 staff …

Kampala, Uganda | THE INDEPENDENT | The Uganda Registration Services Bureau (URSB) enforcement team has carried out three operations in downtown Kampala on Tuesday in search of counterfeit goods. The team was confiscated over 50 boxes of counterfeited biscuits from Kikuubo and Cooper Complex, a clear case of rising trade mark infringement. …

New move expected to boost country’s insurance penetration Kampala, Uganda | ISAAC KHISA | For a long time, buying insurance policies in Uganda through commercial banks, also known as bancassurance, remained unthinkable. Policies were purchased directly from insurers’ branches or through brokers, a situation that had been blamed for a slowdown …

Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector remains stable amidst a slight reduction in the activity, according to the latest monthly survey conducted by Stanbic Bank. Stanbic Bank Uganda Purchasing Managers Index for manufacturing and services declined slightly from 54.9% in November to 54.3% in December 2017. However, the …