Business

Lagos, Nigeria | AFP | Nigeria’s currency scarcity remains a nightmare that won’t go away, with even Africa’s richest man Aliko Dangote feeling the pain. The West African country’s economy has been hammered by the global crash in oil prices — worth 70 per cent of its revenue and the …

Baghdad, Iraq | AFP |  Iraqi President Fuad Masum called on Wednesday for parliament to revise a law passed over the weekend that included a provision banning alcohol. The ban on the sale, import and production of alcohol, which was slipped into a draft law on municipalities in parliament on …

United Nations, United States | AFP | The United States on Wednesday abstained for the first time in 25 years from a vote at the United Nations calling for an end to the US embargo against Cuba. The UN General Assembly adopted the annual resolution by an overwhelming vote of …

Locked up mineral wealth, fortunes: President Museveni, mineral experts, policy makers exchange ideas on way forward for Uganda’s dormant mineral industry prospects Early this month, Uganda hosted the fifth Mineral Wealth Conference, which was organized by the Uganda Chamber of Mines and Petroleum (UCMP) under the theme, “Attracting Exploration Investment …

The 10th EAC-COMESA-SADC Tripartite Committee of Senior Officials for Trade, Customs, Finance, Economic matters and Internal Affairs meeting opened in Nairobi, Kenya on Tuesday to resolve issues that remain outstanding before the implementation of the Tripartite Free Trade Area. Delegates from 26 member countries of the three African regional economic communities …

Parliament asked to expedite Pension reforms as bosses defend cautious approach to investment Only days after the National Social Security Fund (NSSF) slashed the interest rate paid to members from 13% to 12.3%, the Fund’s top bosses faced their members at their Annual Members Meeting on Oct.12, writes Patrick Kagenda …

Luanda, Angola | AFP |  A group of Angolan lawyers has filed a landmark petition challenging veteran leader Eduardo dos Santos’s nomination of his daughter, Africa’s richest woman, as the head of the national oil company. Isabel dos Santos was named head of troubled oil firm Sonangol in June in …

National carrier revival question: World Bank calls for more focus on high cost of doing business instead At the beginning of his fifth term in office, President Yoweri Museveni set tongues wagging when he included the revival of the national career among his 20 priority programmes in this term of office. …

INTERVIEW: Mark Karamira is the CEO of Spe Taxi Cab service. He spoke to Agnes E. Nantaba about his management philosophy and Uganda’s transport industry challenges. What are the key elements in your management philosophy as a manager? Leadership, people, responsibility, resources and their appropriation are key elements and backed …

How Ugandans love of the good life is driving café culture Endiro coffee is easy to miss. Although the tiny café is right at the entrance to the Kisementi shopping and entertainment area of Kampala City’s Kololo suburb, it is hidden in thick shrubbery. Once inside, rustic wood and metal …