Business

This October, there have been reports of many Ugandans returning to South Sudan where many suffered during the recent deadly clashes in parts of the country. And, with the volatility that has wrecked the newly independent country, it is always a matter of time before another round of clashes takes …

Mumbai, India | AFP | Industrialist Ratan Tata sensationally returned to the helm of India’s biggest conglomerate on Monday as Tata Sons dumped Cyrus Mistry as chairman in a shock announcement that stunned analysts. The 78-year-old takes interim charge of the sprawling $100 billion tea-to-steel group almost four years after …

VIDEO: Uganda and South Sudan have reached an agreement to form a joint security block that will operate across borders along the Juba-Nimule high way pending a peace deal to end the violent clashes in the world’s youngest nation. The agreement was reached in Kampala after several hours of a …

 Oil refinery trouble: Museveni pushed into tight corner A shadowy international company registered in the British Virgin Islands (BVI), a major international tax haven is high up on the list of companies government is courting to invest in the $ 4 billion oil refinery, investigations by The Independent have found. …

In addition to the High Commission in the Kenyan capital Nairobi, Uganda has opened a consulate in the coastal town of Mombasa at a colorful ceremony presided over by State Minister for Regional Cooperation, Okello Oryem. Because of the growing demand for consular services in Kenya, Margret Kafeero, the head of …

CIC Africa Limited is seeking to raise Sh7.2billion to recapitalise the company’s subsidiaries and fund its expansion. The company plans to raise the funds through sale of 49 % stake to Uganda based co-operatives unions and savings and credit cooperative Societies. Launching the offer on Oct 17, the firm’s chairperson …

Vivo Energy has entered into a partnership with several service providers including restaurants and banks to allow motorists have access to banking services, mobile money services, super markets and food courts. Vivo Energy group CEO Christian Chammas says Vivo Energy is making a deliberate effort to listen to its customers …

Paris, France | AFP |  Could Paris, the City of Light, soon become known as the City of Innovation helping propel young entrepreneurs to push technological and business frontiers? While efforts by Paris to lure financial companies from London in the wake of Britain’s vote to leave the European Union …

New York, United States | AFP |  Sports equipment manufacturer Reebok is bringing some of its shoemaking back to the United States, unveiling plans to open a new manufacturing lab next year using innovative liquid material and 3D drawing. Some parts of the 300 pairs of shoes planned will come …

New York, United States | AFP |  Telecom giant AT&T has struck a deal to buy entertainment company Time Warner for more than $80 billion, to add in-house content to its distribution services, a banking source familiar with the negotiations said Saturday. An official announcement is expected before Monday’s trading …