Kampala, Uganda | THE INDEPENDENT | The Minister of Trade, Industry and Cooperatives Amelia Kyambadde has said that shops that are not within markets should not be closed. She also warned Police and Local Defence Units (LDU) teams to stop beating people, and urged traffic officers to refer those …
Read More »The SDG imperative for business
The financing gap to achieve the SDGs; between $500bn and $1.2tn, is beyond what many states can deliver COMMENT | KARNIKA YADAV | There is only one road left to achieving the Sustainable Development Goals (SDGs) set for Africa for 2030 and that’s through sustainable businesses. The sluggish progress to …
Read More »Centenary Bank gets US$10 million for SME lending
Kampala, Uganda | THE INDEPENDENT | Centenary Bank has signed a Loan Portfolio Guarantee agreement with the African Guarantee Fund worth US$10million to fund SMEs in Uganda. The 5-year partnership aims to unlock financing intended to facilitate the promotion and growth and development of Small and Medium sized Enterprises. Fabian …
Read More »Traders, Kame valley management bicker clash for operating on the road
Mukono, Uganda | THE INDEPENDENT | Business grounded to a halt at Kame Valley Market in Mukono municipality following a dispute between the management and weekly vendors. The vendors who operate on Tuesday set up stands and tables to display their commodities at Kame valley market and the section of the …
Read More »Russian soft power on display at Africa summit
Sochi, Russia | AFP | Aboubakary Guiro, a financial expert from Ivory Coast, is full of hope after attending the first ever Russia-Africa summit this week in the Black Sea resort of Sochi. “We forget about Russians when we talk business,” said Guiro, the co-partner of a financial advisory …
Read More »South Korea agency boosts entrepreneurship in Uganda
Kampala, Uganda | Julius Businge | Data from the Global Entrepreneurship Monitor (GEM) indicates that 28% of Ugandan adults own or co-own a new business. It adds that 10% start new business and 60% of those that are started do not live to celebrate their first birthday. Experts in this field say …
Read More »Business key in transforming Africa, Museveni tells South Africa conference
Cape Town, South Africa | THE INDEPENDENT | The success of businesses in Africa is important because it has a direct role in ending polarisation and causing sustainable peace, President Museveni has said. The President, who is accompanied by First Lady Janet, made the remarks at the World Economic Forum …
Read More »KCB sends customers to Japan-Tokyo for a business trip
Kampala, Uganda | Julius Businge | In a bid to support growth of business for its customers, KCB Bank Uganda has organised a business trip for its business club customers who will travel to Tokyo, Japan from the March 2-12, 2019. The 10 day tour of the city of Tokyo will expose …
Read More »Does the corporate debt mountain pose an avalanche risk?
Paris, France | AFP | During the years of ultra cheap money, companies loaded up on debt but now the concern is whether they will be able to handle the mountain of debt as interest rates rise. Until last year, companies basked in the sun of low interest rates while …
Read More »Negotiating infrastructure deals with China
Four things African governments need to get right Kampala, Uganda | FOLASHADE SOULE | You don’t negotiate with China!” I was quickly told when I started interviewing African public servants about their infrastructure deals with Beijing. There is a widespread view in Africa that you accept whatever terms are offered, for fear that …
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