Business

Joseph Nkandu is the executive director of National Union of Coffee Agribusiness and Farm Enterprises (NUCAFE). He spoke to the Independent’s Agnes E Nantaba about the future outlook of Uganda’s coffee industry. What are the key elements in your management philosophy as a manager? My leadership style is more of …

Beijing, China | AFP |  Chinese President Xi Jinping criticised protectionism on Monday at a summit positioning Beijing as a champion of globalisation, but several European nations spoilt attempts to win full backing for his trade agenda. Xi addressed almost 30 leaders on the second day of a forum on …

Experts commend move to protect bankrupt telco’s assets but say it needs a business plan that works Business at Uganda’s oldest and troubled telecom company, Utl, took another twist when the government on April 28 announced it has finally put it under provisional administration. The government, which recently took over …

Beijing, China | AFP |  China was basking in praise Monday for its new Silk Road even as some countries raised concerns over the project seen as boosting Beijing’s global clout on trade and geopolitics. Almost 30 world leaders are attending a two-day summit promoting China’s One Belt, One Road …

Kenya set to gain from China’s Sh15 trillion budget for Silk Road Beijing, CHINA | PSCU|  Kenya expects to get significant funding from China for major infrastructure projects which are part of the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiative. The hopes of Kenya and other …

Uganda National Roads Authority (UNRA) will from Monday morning start clearing illegal structures and markets located on their reserves along national roads, beginning with Kampala-Entebbe road. “UNRA will commence enforcement action to reorganize road reserves. Exercise kicks off tomorrow starting with road side vendors at Kibuye,” a source at UNRA …

  Nigerian economy glimpses dim light at end of tunnel Lagos, Nigeria | AFP |  Suffering from rampant inflation, stalled investment and mass layoffs, Nigeria is still gripped by one of the worst economic crises in its history. But for the first time in months, the West African economic giant …

Beijing, China | AFP |  China opened its Silk Road summit Sunday to showcase its ambitious plans to revive ancient trade routes from Asia to Europe and Africa. President Xi Jinping hailed the initiative for a massive network of rail and maritime links — dubbed One Belt, One Road — …

Uganda sets sh5,000 as maximum price for sugar; trade licences of hoarders to be revoked Government has intervened to control the escalating price of sugar in Uganda by setting a ceiling price of sh5,000. Addressing a press conference on Friday, Minister of Trade, Industry and Cooperatives Amelia Kyambadde directed that sugar be …

Uganda power distributor Umeme Limited has attributed the constant power outages that leave hundreds of Ugandans in the dark to global warming. During a stakeholders’ Annual General Meeting (AGM) at Sheraton Hotel on Thursday, Chairman Board of Directors Patrick Bitature said the national electricity grid could not handle increasingly stronger …