Business

Manchester, United Kingdom | AFP |  English Premier League leaders Manchester City on Tuesday announced record turnover of $480 million and its Abu Dhabi owners said the club has reached a “turning point”. City, who were hit by UEFA sanctions over their finances in 2014, announced a 20 million pound …

Peninah Rutebemberwa is a tele communications engineering graduate who took on self employment upon the expiry of her four-year work contract with an engineering firm in 2014. She started Moisture Well, a skin and hair care products business, on discovering a growing demand for natural hair and skin products. The …

The first week of October has not been smooth sailing for the Uganda shilling.  By close of the trading week that ended Oct. 07, the local currency had run down from Shs 3,385/3,395 on Sept.30 to Shs 3,405/3,415 to the US dollar, representing a loss of Shs 20. This is …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has encouraged entrepreneurs and businesses to not only plan for marketing, rent, wages and transport costs, but also taxes, that eventually determine the survival of their enterprise. “Businesses need to start looking at tax as another cost of operation. My advice to …

Surge in prices could cause inflation flare up, squeeze Ugandan economy further – experts Uganda’s consumer price inflation fell more than expected in the past three months to September, thanks to a huge drop in non-food prices during the period, but economists say the downward trend is unlikely to be …

Rwanda’s Minister of Finance and Economic Planning, Claver Gatete, has been named Finance Minister of the Year in the Sub-Saharan category by Global Capital, an international news, opinion, and data service Gatete’s honour was announced on Oct.04 together with winners from Latin America, Central and Eastern Europe, the Caribbean, and …

American to build refinery? Deal could be blow to sanction-strapped Russians Technocrats at the Energy Ministry and the Ministry of Finance who are working on the country’s pet project, the US$4 billion oil refinery, have learnt to stay cool under pressure. Behind their cool fronts, however, they are working in …

Nairobi, Kenya | AFP |  Kenya Airways, already facing financial difficulties and a threatened pilots’ strike, cancelled five flights on Sunday after outsourced cabin crew walked off the job. While the stoppage only involved a small number of workers, it coincides with a deep malaise at the airline, which in …

VIDEO: Local pepper and chili farmers are being challenged to double their production and tap into alternative overseas markets. Pepper production in Uganda fell drastically after government announced a ban on pepper exports to the European Union. But with emerging bigger markets for Uganda’s pepper outside the European Union, the country …

Benaulim, India | AFP | Chinese President Xi Jinping said Sunday a rising tide of protectionism and anti-globalisation was endangering the world economy’s still fragile recovery as BRICS leaders vowed to forge closer business and trade ties. At a summit in the Indian tourist hub of Goa, host Prime Minister …