Tag Archives: Business

Africa is the world’s last frontier market, and Western businesses need to take advantage of its potential COMMENT | LANDRY SIGNE | Since 2000, at least half of the world’s fastest-growing economies have been in Africa. And by 2030, Africa will be home to 1.7 billion people, whose combined consumer and business …

Businesses set to benefit from signed bilateral agreements Kampala, Uganda | JULIUS BUSINGE | Nearly a dacade ago, Betty Kiguli, the procurement coordinator at Nice House of Plastics, hardly made a saving while clearing goods with customs officials. But things have changed in the past four years since her company was …

Kampala, Uganda | JULIUS BUSINGE | Mandela Group of companies through its subsidiary- City Oil in partnership with Emirates National Oil Company (ENOC) is sponsoring 30 lucky people to take part in the Abu Dhabi Desert Challenge. The fully paid trip will see the winners enjoy a three day and four …

Kampala, Uganda | ISAAC KHISA | Kenya Airways subsidiary, Jambojet, has widened ticket payments options with the introduction of MTN and Airtel Money services. This will enable travelers to book flights online, at call center or at their offices using the two mobile money optionsand obtain an e-ticket. Jambojetrecently launched its …

The study could thwart implementation of BUBU like initiatives Kampala, Uganda | ISAAC KHISA | Local firms that sell more of their products to government entities tend to perform better compared to their counterparts that do not, yet, passing laws that enforce local purchases could be disastrous. This is based on research …

Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda will sponsor 30 local entrepreneurs for a business trip to Germany and Turkey in an effort to support the growth of Small and Medium Enterprises, according to its Managing Director, Joram Kiarie. “At KCB Bank Uganda, we are aware that one of …

Government move to stop telcos from selling SIM cards through agents could hurt the company’s revenue going forward Kampala, Uganda | ISAAC KHISA | MTN’s subsidiary in Uganda has recorded a surge in revenue for the year ended December 2017 amidst a sharp fall in subscriber base. The full year performance results …

Kampala, Uganda | THE INDEPENDENT | Record keeping, formalizing business, paying taxes, forming groups or networks are among the key issues that Dfcu Bank is engaging women in business to do if they are to succeed. Last week, the bank organized financial literacy sessions in Kampala, Mbale, Gulu and Mbarara where …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s Purchase Managers Index (PMI) posted 51.1% growth in February down from 52% in the previous year, signaling a moderate improvement in business conditions in the private sector. Commenting on February’s survey finding, Jibran Qureshi, Regional Economist East Africa at Stanbic said, “business conditions …

Geneva, Switzerland | AFP | Japanese car giant Toyota announced Monday that it will stop selling diesel cars in Europe, beginning the phase-out this year. “Diesel will be phased out in our passenger cars in 2018,” Johan van Zyl, president of Toyota Motor Europe, said in Geneva, where Europe’s first …