Business

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 …

Shanghai, China | AFP |Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a …

VIDEO: Ugandan exporters to engage Gulf importers to increase exports Kampala, Uganda | NTV UGANDA | In an effort to grow the value of exports to the United Arab Emirates from the current 83 million, Uganda exporters will engage Gulf importers in Dubai in an expo and convention scheduled for October …

VIDEO: Companies in Trouble over Increasing Cyber Threat Kampala, Uganda | NBS TV | Financial institutions, public institutions and security organs are being advised to carryout daily audit of their systems in the wake of cyber threats. The Permanent Secretary in the Ministry of ICT, Vicente Bagire says the increasing technological …

NTV confirms Aggie Konde’s departure Kampala, Uganda | THE INDEPENDENT | Nation Media Group CEO Joe Muganda has today confirmed that NTV Managing Director Aggie Asiimwe Konde is moving to Msingi East Africa. Briefing staff of  Africa Broadcasting Uganda LTD. (NTV/SPARK TV) Thursday morning, Muganda confirmed Konde had got a great offer in …

Marikana, South Africa | AFP | At the site of the 2012 Marikana massacre where police shot dead 34 strikers, thousands of South African miners sang remembrance songs Wednesday as campaigners demanded prosecutions and compensation. The 34 miners were gunned down after police were deployed to break up a wildcat strike …

Kampala, Uganda | GODFREY SSALI | The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has asked Bank of Uganda (BOU) to submit procurement papers for its golden jubilee celebrations held in August last year for scrutiny. The central bank officials led by the deputy governor Louis Kasekende for …

Washington, United States | AFP | President Donald Trump on Wednesday lashed out at Amazon, claiming the US online colossus is doing “great damage” to other retailers and destroying jobs. Trump, who has criticized Amazon in the past, offered no specific facts to back up his argument. He launched his tirade …