Business

Johannesburg, South Africa | AFP | A controversial online auction of rhino horn set to open Monday has been delayed by two days after a legal challenge delayed the South African permit for the sale, the organisers announced. Outraged conservationists say the three-day auctoin could undermine the global ban on rhino …

Tom Kiggundu is the Managing Director of Fotogenix Limited. He spoke to the Independent’s Agnes E Nantaba about changing trends in functional hire services industry. What are the key elements in your management style as a manager? Through personal observation over the years, I have come to the conclusion that …

A look at MTN, Airtel, Africell ahead of August SIM registration deadline Kampala, Uganda |ISAAC KHISA and JULIUS BUSINGE| MTN Uganda has recorded a surge in revenues for the six months ending June 30, signaling a possible rebound in the country’s telecom industry. According to the latest half year performance …

Agenda includes River Nile waters Egyptian President Abdul Fatah Al-Sisi, who recently, completed a four-country tour of Africa, was in Kigali, Rwanda on Aug.15 and held bilateral talks with President Paul Kagame. One of the top issues on Al-Sisi’s agenda is the issue of the River Nile Basin and Egypt’s …

After settling with education ministry, focus now on pioneer P7 candidates Kampala, Uganda | IAN KATUSIIME | After nearly a year of bickering with the government of Uganda in and out of the courts, Bridge International Academies appears to have crossed over to a better relationship and possible bright future. …

The banking industry projects to record drop in net profits Kampala, Uganda | ISAAC KHISA and JULIUS BUSINGE  | Dfcu’s net profit has more than quadrupled to Shs114.05bn during the six months ending June 30 compared to Shs23.3bn recorded last year following acquisition of part of Crane Bank assets in …

Dandong, CHINA | AFP | Traders from North Korea visit Yuan Huan’s shop in the Chinese border city of Dandong several times a month to place orders, bringing their own translators and wads of cash. Yuan, manager of Sangle Solar Power, said sales to North Koreans have soared in the past …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda in collaboration with the Industrial and Commercial Bank of China Limited (ICBC) have hinted that Uganda’s economy is set to reap big from oil and gas activities. Speaking at an economic forum organised by the two banks for the Chinese business …

Washington, United States | AFP | The United States on Friday formally launched a trade investigation into China’s intellectual property practices and forced transfer of American technology, which President Donald Trump had called for this week. “On Monday, President Trump instructed me to look into Chinese laws, policies, and practices …

Khartoum, Sudan | AFP | Sudan’s President Omar al-Bashir said Thursday that the construction of Ethiopia’s controversial Grand Renaissance Dam on the Nile River would not impact water supplies to Egypt as feared by Cairo. Visiting Ethiopian Prime Minister Hailemariam Desalegn, for his part, said the project was a “win-win” for …