Business

Moscow, Russia | AFP | Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money. “The form of currency we are used to is about to disappear,” predicts the 42-year-old …

The honeymoon is definitely over. New York, United States | AFP | In June, optimism among American CEOs was at a three-year high on hopes that US President Donald Trump would succeed in implementing his pro-growth agenda, including tax cuts. But this week, Trump has lost support from four executives who …

Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has posted Shs 114 bn for the first half of this year up from Shs 23bn in the same period last year, according to its interim consolidated financial results released August 15, 2017. According to a notice issued on Tuesday, top management attributed …

Dr. Denis Akankunda is the founder and CEO of Public Speaking Uganda (PSU). He spoke to The Independent’s Agnes E Nantaba about the challenges and opportunities of public speaking sphere in the country. What are the key elements in your management philosophy as a manager? I work with a team …

The company plans to introduce new products in the region Kampala, Uganda |JULIUS BUSINGE| Japan’s paint manufacturer, Kansai Plascon, has entered into the East African market through the acquisition of Sadolin Paints. Wim Bramer, the managing director of Kansai Plascon East Africa told The Independent in an interview that the …

Smiles and frowns as RVR contract is cut short; Uganda Railways is back! Kampala, Uganda | ISAAC KHISA | Uganda Railways Corporation, the company which operated rail transport in the country until the government passed its operations to a concessionaire in 2006 is set to return in September. And if …

Museveni’s refinery deal: Now gov’t says in negotiations with GE-led consortium as Chinese protest Kampala, Uganda | HAGGAI MATSIKO | A fight between Chinese and American investors over the US $ 4 billion refinery deal could further delay the project, observers fear. These fears have been sparked by reports that …

Abidjan, Ivory Coast | AFP |  “In our house, the beer is Bock!” boasts the familiar slogan for the lager that is Ivory Coast’s market leader, brewed by Solibra. “Beer Ivoire, loved by Ivorians!” says a competing advert for Ivoire lager, brewed by newcomers Brassivoire. On posters and huge billboards …

Accra, Ghana | AFP | Ghana has long been known for its bountiful gold reserves and was called “the Gold Coast” during its colonial era. But illegal mining in Africa’s second largest producer is taking a heavy human as well as environmental and economic toll with more than $2 billion lost …

Kampala, Uganda | JULIUS BUSINGE |Bank of Uganda has kept the central bank rate at 10% for the next three months citing stability in inflation and positive economic activity going forward. “Given that inflation is expected to remain around the medium term target and that economic activity is picking up …