Tag Archives: Business

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 …

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 …

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 …

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 …

  Arua, Uganda | THE INDEPENDENT | A peaceful, stable and thriving eastern Democratic Republic of Congo (DRC) would generate lots of dividends for Uganda. According to business leaders from West Nile, the region and Uganda in general will benefit a lot if stability and peace reigns in the DRC, …

Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a US$30 million re-guarantee facility to support African small and medium-sized enterprises (SMEs) in the trade value chain to access funds for their activities. Gwen Mwaba, the director for …

The Hague, Netherlands | AFP | US internet giant Google used a legal mechanism to transfer almost 20 billion euros from the Netherlands to Bermuda in 2017 for tax purposes, a Dutch newspaper report said Friday. Google, which is owned by US parent company Alphabet, moved 19.9 billion euros ($22.7 …

Kampala, Uganda | THE INDEPENDENT | Credit in shillings to the private sector has grown significantly from about four percent to 18.5 percent in 2018, according to the Bank of Uganda. The executive director research and policy Adam Mugume says people are borrowing more shilling-denominated loans than dollar-denominated ones because of …

Mutukula, Tanzania | THE INDEPENDENT | The Tanzania government has agreed to give clearance to businessmen exporting agricultural produce and sugar from Uganda. The agreement was reached on Wednesday in a meeting between the Minister of Trade for Uganda Amelia Kyambadde and Joseph G. Kahinda, the Minister for Industry, Trade …

Kampala, Uganda | THE INDEPENDENT | Deals valued at US $32.6 billion were recorded at the inaugural week-long Intra-African Trade Fair (IATF) which ended in Cairo on December 17, 2018, according to preliminary figures released by the African Export-Import Bank (Afreximbank). Afreximbank, which organized the trade fair in collaboration with the …