Business

President Paul Kagame says Africa has to mobilise its own resources to finance activities of the African Union Commission and not depend almost entirely on money from donors. The President presented the proposal as part of reform proposals of the African Union (AU) to fellow Heads of State and Government …

Washington, United States | AFP | A coalition led by some of the world’s biggest tech firms is taking on President Donald Trump’s travel ban, signaling the contentious relationship between the sector and the White House could be about to get worse. Scores of technology giants — including Apple, Facebook, …

Shareholders of the regional beer maker, East African Breweries Limited (eabl) are set to receive a dividend of Kshs 2 (Shs 68) per share even as the company recorded a 2% growth in profit after tax to Shs 188bn in the second half of the year ending December 31, 2016 …

Dfcu’s new take-over will help expand its footprint countrywide When Bank of Uganda Governor Emmanuel Tumusiime-Mutebile announced that they were transferring liabilities and assets of Crane Bank to the Development Finance Company of Uganda (Dfcu), many wondered how that was possible. Crane Bank, set up in 1995, has been the …

Brussels-based hotel chain, Rezidor Hotel Group has taken over management of the Aya Brothers-owned Pearl of Africa Hotel Kampala. The Group that manages hundreds of luxury hotels around the world under the Quorvus Collection brand, now joins other internationally and regionally operated brands in the city such as City Blue, …

Entebbe International Airport now ISO certified Entebbe International Airport and the Civil Aviation Authority have received the ISO 9001:2008 Quality Management Systems (QMS) certificate making Uganda one of the African countries to have received certification from the United Kingdom Accreditation Service (UKAS). ISO 9001:2008 certification means that the country’s  aviation …

VIDEO: The country’s proposed new national carrier will not be called Uganda Airlines.  As the country finalizes plans to revive the national carrier, it now emerges that government will have to get another brand name under which to operate.It has now emerged that the brand name that was owned by the …

President Museveni, Magufuli to discuss EPA, Burundi Uganda’s President Yoweri Museveni and Tanzania’s President Dr. John Magufuli will meet February to agree on East Africa’s way forward on the controversial Economic Partnership Agreement (EPA). The EPA is supposed to be negotiated between the EU and member states of the East African Community (EAC). Kenya …

Johannesburg, South Africa | AFP | South Africa’s poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap chicken in the country in a dispute over free trade. Workers, former workers and company managers from the South African poultry …

Recent hike means current tariff structure could end up killing industries The cost of production in Uganda could soon rise as government continues to increase electricity tariffs amidst dwindling production due to low consumer demand. Analysis by The Independent shows that the  government has increased  electricity tariffs by over 22% …