Business

It now joins Stanbic, Stanchart, DFCU, DTB that have also recorded surge in profits in 2016 Uganda’s commercial banks spent almost the entire of last year worried about making money in a rather challenging economic environment that was characterised by high interest rates amidst slow economic activities. But they seemed …

Sector executives, analysts predict better performance in the second half of 2016/17 The emergence of several structures at the Kampala Industrial and Business Park at Namanve, Uganda’s newest hub for manufacturers seem to give an impressive face of Uganda’s manufacturing sector to whoever glances at it from the Kampala-Jinja Highway. …

Paris, France | AFP |  French-Swiss cement maker LafargeHolcim said Monday its chief executive Eric Olsen is stepping down following an internal investigation into the company’s activities in Syria. His resignation, which has been accepted by the group’s board, will be effective on July 15, LafargeHolcim said in a statement. …

Hong Kong, China | AFP |  The euro and most stock markets surged Monday after moderate candidate Emmanuel Macron won the first round of France’s presidential election and looked set to triumph in the run-off against far-right candidate Marine Le Pen next month. Investors globally had been fearful that a …

Liberate rural land through electricity, industrialization – Museveni President Yoweri Museveni has said that it is not just the leadership deficit that Africa lacks but ideology and strategy. He said this Sunday as he rallied other African leaders to harmonize their thinking on issues to do with land, in-land water and …

Here is why Ugandans are poorer today than yesterday There is more bad news for the Uganda economy this April. According to the latest figures from the Uganda Bureau of Statistics (UBOS) and the Central Bank, the economy will not achieve the targeted 4.5% growth this financial year. It will …

Kana Rugbana, Nigeria | AFP |  Nigerian commander Remi Fadairo points to the roiling plume of black smoke blotting the morning horizon in the Niger Delta -— the unmistakable sign of an illicit oil refinery. “Let’s see if we can go eat them for breakfast,” he says with an ominous …

New Delhi, India | AFP |  The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back the country’s economic growth. The multimillionaire owner of a Formula One …

  President Yoweri Museveni is in Bahir Dar, Ethiopias’ second largest city, for the 6th TANA high-level forum on security in Africa that will focus on natural resources. Africa’s natural resource endowments stand at 12% of global oil reserves, 40% of global gold deposits, and about two thirds of the world‟s …

African Development Bank President Akinwumi Adesina has spoken confidently about Africa’s enormous potential, and the bank’s ambitious development agenda, which he said was well underway. He said this, in an impassioned speech, delivered at the Center for Global Development in Washington, DC, on Wednesday, April 19.   The High 5s …