Business

Good prices, increasing production excite UCDA A coffee replanting initiative, which started nearly five years ago, is expected to boost the country’s crop volumes starting this year. “We are seeing an increase in the coffee export volumes this year as the crops we started planting more than three years ago …

New $20mn firm welcomed but analysts say government must strengthen legal and monitoring framework of minerals sector     President Yoweri Museveni’s launch of a $20 million African Gold Refinery Ltd (AGR) – the first in East and Central Africa – in Entebbe on Feb.20 was a bold step welcomed by …

China trims GDP target, citing severe challenges Beijing, China | AFP | Chinese Premier Li Keqiang warned Sunday the world’s second-largest economy faces severe challenges, signalling a further deceleration as he announced a trimmed 2017 GDP growth target of “around 6.5 percent.” The economy is already growing at its slowest …

Faisel Gergab, is chairman of the Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) that owns 69% stake in UTL. He spoke to The Independent’s Isaac Khisa on the issues surrounding the company’s poor performance and its future outlook, just before government took over its management. How do you …

Beijing, CHINA | AFP |  China counts more than 100 billionaires among its top legislators, with 209 of the richest holding wealth nearly equivalent to Belgium’s annual GDP, according to a report released as the Communist Party’s annual parliamentary session started Friday. A key focus of the sessions is eliminating …

VIDEO: Government has today launched the “Buy Uganda, build Uganda” policy and the implementation strategic plan. This comes in a time when a free trade market seems to be doing harm to Uganda’s economy that is facing trade imbalance of $3million. This has been a wake up call to government …

VIDEO: Whereas insurance penetration in Uganda remains low at 0.85 percent, insurance companies say there are some products of insurance that should be looked at as a must have such as life insurance. Arjun Malik the Chief Executive officer at Prudential insurance says there is nothing that gives a family a …

VIDEO: As commercial banks continue reducing interest rates, expectations are high among Bankers that the economy will pick up. Barclays Bank managing Director Rakesh Jha says the reductions will increase credit growth. Barclays will remain strategic in its investments to ensure that it is not overwhelmed by bad loans. Share on: …

Johannesburg, South Africa | AFP |  South African telecoms giant MTN said Thursday that it made a $200 million loss in 2016 — the company’s first — after suffering a huge fine in Nigeria and currency challenges in key markets. “MTN Group’s financial results for 2016 reflect the most challenging …

Uganda Telecom Limited (UTL) that has been limping for years, will be rescued by government. Government will take over UTL’s full management immediately. Minister for Finance Matia Kasaija confirmed Wednesday that Libyan company UCOM, a subsidiary of majority shareholders Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC), would no …