Kampala, Uganda | THE INDEPENDENT | Uganda’s Annual Headline Inflation for January 2018 dropped to 3% from the 3.3% registered in December last year while Core Inflation fell to 2.6% from 3% , according to the latest figures provided by the Uganda Bureau of Statistics (UBOS). This is lower than …
Read More »Kenya Airways’ Non-Stop flight to Cape Town
Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways, will unveil non-stop Nairobi-Cape Town flights starting June this year in what appears to be a new wave of expansion. The airline will operate three times a week, every Wednesday, Friday and Sunday, using a Boeing B737-800NG aircraft. It …
Read More »Witness says he saw Ssebuufu hitting businesswoman Donah Katusabe
Kampala, Uganda | GODFREY SSALI | The murder trial of Pine Car Bond proprietor Muhammad Ssebuufu resumed Thursday before the High court in Kampala with a witness identifying to court the accused as the person he saw torturing Donah Betty Katusabe in 2015. Ssebuufu and seven other people are accused of …
Read More »Neymar effect helps French league agree ‘major’ African tv deal
Paris, France | AFP | The French league (LFP) has reached a “major agreement” with two networks to broadcast Ligue 1 games in Sub-Saharan Africa, it announced Monday, a clear sign of the impact made by the arrival of Neymar. The deal means French-language network Canal+ and Kwese, in English and …
Read More »US jobs engine gathers speed in January as wages rise
Washington, United States | AFP | US job creation accelerated in January, as the labor market continued to absorb workers at a robust pace, unemployment clung to a record low and wages moved higher, the government said in a key report Friday. And with a near 10-year record in wage …
Read More »All 955 miners trapped in S.Africa rescued
Theunissen, South Africa | AFP | All 955 gold miners trapped underground for more than a day in South Africa after a power cut were rescued unharmed on Friday, to the joy of waiting relatives. “Everybody’s out,” mine spokesman James Wellsted told AFP, adding that there were no deaths or …
Read More »Will Uganda’s bank for cooperatives be a reality?
Cooperative banks worldwide were financed by cooperatives societies Kampala, Uganda | ISAAC KHISA | For some time now, Uganda’s cooperatives societies have expressed the need to re-establish the Cooperative Bank as their main source of capital for production, processing, diversification and value addition. Whereas they seem to have made a …
Read More »Failing access to agriculture funding
Kampala, Uganda | THE INDEPENDENT | Despite increased allocations by government, private players and the donor community towards Uganda’s agriculture financing, the sector has remained underserved. A 2017 report by the Uganda Agribusiness Alliance on agriculture financing notes that whereas several government and donor facilities have been established to provide …
Read More »Total set to ramp up Nigerian oil output with new ship
Lagos, Nigeria | AFP | A gigantic oil tanker arrived in Nigeria as part of a multi-billion dollar project that should allow one of Africa’s biggest crude producers to pump out an additional 200,000 barrels a day. The floating production storage and offloading vessel is docked in Lagos after spending …
Read More »Panick as China stops import of recycled plastics
Ugandan traders fear losses but Coca-Cola offers hope Kampala, Uganda | RONALD MUSOKE | A trader without a market now; that is Peter Musiige, the manager of a small plant that has been exporting recycled plastics to China. He lost his market when the Chinese government on Jan.01 started implementing a …
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