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 …
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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. …
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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 …
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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 …
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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 …
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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 …
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Uganda’s 2017/2018 budget: Civil Society group speaks out Kampala, Uganda | JULIUS BUSINGE | A group of civil society organisations under their umbrella body – Civil Society Advocacy Budget Group (CSBAG) is calling on government agencies and departments responsible for budget implementation to efficiently implement the budget to benefit the common man. …
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Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda is pessimistic about growth in private sector credit for the last quarter of this financial year. This is the latest bad news suggesting the country is yet to achieve desired economic growth of over 7%. “We are not likely to achieve …
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In 2015, Samuel Malinga, at age 26, founded Sanitation Africa—a company engaged in turning human waste into briquettes for cooking and agricultural manure. For his innovative approach to waste management, he has been recognized by several organizations, including the Tony Elumelu Foundation, a philanthropy that awarded him a grant …
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New York, United States | AFP | Uber chief executive Travis Kalanick has stepped down from his job after a shareholder revolt made it untenable for him to stay, the New York Times reported on Wednesday. Kalanick had already been on a leave of absence aimed at restoring confidence in …
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The Independent Uganda: You get the Truth we Pay the Price