Business

Beijing, China | AFP | Fast food giant McDonald’s said Tuesday it would almost double the number of restaurants in China over the next five years as it refocuses on international markets amid slowing US sales. The Illinois-based burger chain will add 2,000 stores to its current 2,500 in China and …

New York, United States | AFP | The growth of shale gas extraction is positioning the United States to be a bigger natural gas exporter, potentially challenging Russia’s hold on the European market. Russian exports to Europe remain a foundation of the continent’s economy, accounting for about 41 percent of …

Kampala, Uganda | GODFREY SSALI  | The Commercial Court has summoned DFCU bank to file a defence within 15 days explaining why it has refused to pay debts that were incurred by the now closed Crane Bank. This follows a suit filed by an advertising company Premier Advertsing and media Ltd …

  Jolly Kaguhangire is the new executive director of the Uganda Investment Authority. She spoke to The Independent’s Isaac Khisa about the major reforms that await the agency. It is now a few months since you took over office as ED of UIA. What is your assessment of your performance …

Montreal, Canada | AFP |Environmentalists charged Monday that genetically modified salmon are being marketed in Canada without warning labels and called on supermarkets to withdraw them from sale. “The first genetically modified animals have arrived in the market and Canadian consumers are becoming, unwittingly, the first guinea pigs,” said Thibault …

 Tax experts say government needs to refocus its priorities Kampala, Uganda |  JULIUS BUSINGE  | Uganda Revenue Authority has good and bad news these days. The tax body is collecting more and more money but, at the same time, is failing to meet ever rising annual targets. The pattern of missed …

  Gerald Abila is the executive director of Barefoot Law. He spoke to the Independent’s Agnes E Nantaba about improving access to justice, law and order in Uganda using technology e-platforms. What are the key elements in your management style as a manager? Management is like raising a child because …

BOU denies hiding cash on foreign account in Germany Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda (BOU) has dismissed as untrue reports that it has hidden Sh10.7 billion in a bank in Germany, an issue that has been widely spread on social media in the past week. In …

New York, United States | AFP | In one recent 24-hour span, two women were pushed out of leadership roles at major US corporations, spotlighting how investor pressure can frustrate efforts to broaden diversity in the boardroom. Ellen Kullman, Meg Whitman, Mary Barra, Indra Nooyi, Marissa Mayer, Irene Rosenfeld, Sheri McCoy …

Presidents Museveni, Magufuli lay foundation stone for crude oil pipeline construction Tanga, Tanzania | PPU | President Yoweri Museveni and his Tanzania counterpart Joseph Pombe Magufuli have commissioned the construction of the 1,445km-long East African crude oil pipe line from Hoima district in Uganda to the Tanzanian port of Tanga. The …