Tag Archives: Business

Kolwezi, DR Congo | AFP | In early 2014, according to local folklore, a man digging a septic tank or a well in his garden in Kasulo came across rocks with a distinctive grey-green sheen: cobalt. From then on — rather like the find at Sutter’s Mill in 1848 that …

Dubai, United Arab Emirates | AFP | Ethiopia on Thursday acquired a stake in a port in the breakaway state of Somaliland, its operator DP World said, as a legal dispute rages over another major Horn of Africa shipping hub. Dubai-based DP World last week accused Djibouti of illegally seizing …

Kampala, Uganda | THE INDEPENDENT | Jambojet, a low-cost subsidiary of Kenya Airways, plans to buy four aircrafts in the next 18 months to support its local and regional expansions. The airline’s CEO Willem Hondius said during the carrier’s maiden international flight to Entebbe on Feb 15 that they expect …

Kampala conference discusses ways of increasing output but many wonder who would buy it Kampala, Uganda | JULIUS BUSINGE | Uganda is currently implementing an ambitious plan  the coffee road map to increase coffee output from the current 4.5 million bags to 20 million bags by 2025. This new target is …

Kampala, Uganda | THE INDEPENDENT | Ugandan Small and medium enterprises banking with the Togo-based Ecobank Transnational Incorporated (ETI), have a chance to borrow part of $200 million, FMO, the Dutch development bank, has made available for SME growth across the continent. Ecobank Group CEO, Ade Ayeyemi, said new transaction …

Ugandan traders battle Chinese, Indians, over lucrative business Kampala, Uganda | ANDREW S. KAGGWA | A row has developed between the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) and fish exporters on one side and fish traders on the other over the sale of fish maws. Siraje Walusimbi, an executive …

Kampala, Uganda | THE INDEPENDENT | Coffee roasters and buyers flocking to Kenya in their annual pilgrimage for the pick of the crop have driven average prices for the beans to the highest level in three years. The cost of a 50-kilogram bag of AA grade coffee fetched $679 at …

Telecoms protest State House move to monitor business Kampala, Uganda |  HAGGAI MATSIKO | A fight is raging between telecom operators on one side, and the Uganda Communications Commissions (UCC), the Uganda Police Force, and State House on the other, over moves to monitor the Shs44 trillion mobile money business. At …

Kampala, Uganda | THE INDEPENDENT | Uganda’s beverage company, Coca- Cola has launched a new drink – Fuze Tea – a unique blend of tea extract and fruit flavors created through a process that ensures a delightful fusion of tea, fruit, herbs and other natural ingredients. Launched on Feb.12 at …

Kampala, Uganda | RONALD MUSOKE | Ugandan suppliers looking at providing goods and services to the fledgling oil and gas sector need to build partnerships with their international counterparts if they are to fully participate in the multi-million dollar opportunities expected to flow in the coming months. Elly Karuhanga, the …