Business

Kampala, Uganda | THE INDEPENDENT | Middle East carrier, Qatar Airways, is slashing prices by up to a quarter to customers, increasing competition in the aviation industry. The airline announced that it will offer passengers discounts of up to 25 % on all cabin classes. Passengers travelling with friends and …

Kampala, Uganda | THE INDEPENDENT | In an effort to boost the socio-economic development in North West Uganda, Airtel on March 02 held a health camp at St. Kizito Primary School in Ombaci in Arua District. The exercise involved provision of free healthcare services including  dental care, eye checkups, blood …

San Francisco, United States | AFP | Jeff Bezos is officially the richest person on the planet thanks to the success of Amazon — but his bold vision extends to space and even time itself. With Amazon’s share price up nearly 60 percent during the past year, the personal wealth …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s Purchase Managers Index (PMI) posted 51.1% growth in February down from 52% in the previous year, signaling a moderate improvement in business conditions in the private sector. Commenting on February’s survey finding, Jibran Qureshi, Regional Economist East Africa at Stanbic said, “business conditions …

Kampala, Uganda | GODFREY SSALI | President Yoweri Museveni has cautioned members of Savings and Credit Cooperative Societies (SACCOs) on the habit of non repayment of loans saying it is the reason why many SACCOs and credit institutions have collapsed. This was contained in his speech read by the State …

Kampala, Uganda | JULIUS BUSINGE | A total of 308 Certified Public Accountants of Uganda (CPA-U), 33 Accounting Technicians (AT-U) and an additional of 13 students completed the Certified Tax Advisor (CTA) course during the June and November 2017 examinations sittings organized by the Institute of Certified Public Accountants of Uganda …

Beijing, China | AFP | China on Friday denounced US tariffs on aluminium and steel imports, saying that they would profoundly harm the international trade environment. The US’s “abuse” of national security concerns as a reason for implementing the measures will lead to “a serious attack on normal international trade …

Harare, Zimbabwe | AFP | Russia’s Foreign Minister Sergei Lavrov on Thursday met with Zimbabwe’s new President Emmerson Mnangagwa and discussed possible military co-operation as well as plans to boost economic ties. Lavrov, who is on a tour of Africa, is the first high-profile Russian official to visit Zimbabwe since veteran …

Kinshasa, DR Congo | AFP | DR Congo President Joseph Kabila has promised to have “constructive dialogue” with mining companies worried over plans to hike taxes on so-called strategic metals, a category expected to include the booming market for cobalt and copper. Kabila on Tuesday held more than seven hours of …

Brussels, Belgium | AFP | The chief executive of the World Bank urged US President Donald Trump on Thursday to be “careful” before imposing steel and aluminium tariffs and weigh up possible effects on global trade. Kristalina Georgieva said Trump should assess the “implications” before going ahead with a plan …