Business

Kampala, Uganda| GODFREY SSALI|  Bank of Uganda (BOU) has defended itself in a suit filed against it over misuse of money at the late Ivan Ssemwanga’s burial,  maintaining that it duly executed its duty in this matter and cannot be faulted for failing to take any action. The case came …

Slow insurance growth, but Industry executives expect business to pick up Kampala, Uganda| Isaac Khisa| Uganda insurers recorded a 3.6% growth in premiums in 2016, their slowest growth rate in five years, citing harsh economic environment, slow implementation of infrastructural projects and reduced private sector credit. Full year industry performance …

New York, United States | AFP |  Facebook is starting production on high-quality television series and gaming shows to be broadcast on its platform, one of the social media giant’s executives said on Monday. The online platform, which has around two billion monthly users worldwide, is working on the project …

Dr. Davis Musinguzi is the managing director of the Medical Concierge Group (TMCG). He spoke to The Independent’s Agnes E Nantaba about the effectiveness of digital health in improving accessibility and affordability of health care across the country. What are the key elements in your management philosophy as a manager? …

 The firms seek to invest in energy, infrastructure, IT and pharmaceutical industries  Kampala, Uganda | Ronald Musoke | Uganda’s ever growing position as an attractive investment destination for French companies came to the fore recently as a delegation of more than 30 companies under the umbrella organisation MEDEF (Mouvement des …

  Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …

Dakar, Senegal | AFP | As a girl, Karelle Vignon-Vullierme loved eating the Beninese dishes her mother cooked but never bothered following her into the kitchen to learn how to make them herself. But that has not stopped the Senegal-based blogger, now in her 30s, from building up an adoring …

Brussels, Belgium |AFP | EU leaders on Friday poured cold water on a proposal by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in strategic European industries. European leaders discussed the divisive topic on the second day of an EU summit in Brussels, as Europe …

Chicago, United States | AFP |  A US federal jury on Friday ordered Swiss agribusiness giant Syngenta to pay nearly $218 million to 7,000 Kansas farmers after selling them genetically-modified corn seeds not approved for export to China. The farmers suffered profound economic damage in 2013 when Chinese authorities refused …

The Northern Corridor Integration Projects (NCIP) joint technical committee for the development of the Standard Gauge Railway (SGR) is meeting in Kampala to review progress. The meeting, attended by Ministers in charge of Works and Transport from all partner states, comes in the wake of Kenya’s successful completion and launch …