Uganda to start Diaspora Investment Fund to boost industrialization Kampala, Uganda | GODFREY SSALI | Ministers of Industry from the 19 member states of the Common Market for Eastern and Southern Africa (COMESA) have unanimously approved a COMESA industrial strategy with emphasis on local content as the stimulus for industrial …
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Johannesburg, South Africa | AFP | Business confidence in South Africa has plummeted to its lowest level in more than 30 years as political uncertainty, unemployment and dwindling trade weighed heavily, a survey showed Wednesday. South Africa’s economy, which is the most developed in Africa, is plagued by sluggish growth …
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Shanghai, China | AFP |Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a …
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The honeymoon is definitely over. New York, United States | AFP | In June, optimism among American CEOs was at a three-year high on hopes that US President Donald Trump would succeed in implementing his pro-growth agenda, including tax cuts. But this week, Trump has lost support from four executives who …
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Abidjan, Ivory Coast | AFP | “In our house, the beer is Bock!” boasts the familiar slogan for the lager that is Ivory Coast’s market leader, brewed by Solibra. “Beer Ivoire, loved by Ivorians!” says a competing advert for Ivoire lager, brewed by newcomers Brassivoire. On posters and huge billboards …
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London, United Kingdom | AFP | Rolls-Royce powered back into profit during the first half, propelled by strong deliveries for its Trent aircraft engines, lifting its share price almost ten percent Tuesday. Net profit stood at £1.58 billion ($2.1 billion, 1.77 billion euros) in the six months to June 30 compared …
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Uganda participaes in Astana EXPO 2017, takes trade potential to central Asia Kampala, Uganda | THE INDEPENDENT | Uganda last week showcased her business, tourism and national achievements at the ongoing Astana EXPO2017 in Kazakhstan. The highlights of the Uganda day on July 24th 2017 included a press conference, a presentation …
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Dar Es Salaam, Tanzania| AFRICAN ARGUMENTS | Ever since his election in 2015, Tanzania’s President John Magufuli has been a subject of public fascination. At first, his war on graft promised to cleanse the state of corruption, while his patriotic thrift inspired the hashtag #WhatWouldMagufuliDo? But as this campaign of tumbua majipu (“lance the boils”) was …
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Entebbe, Uganda | JULIUS BUSINGE | Uganda’s local businesses have a reason to be optimistic about the future of doing business in the country in case the discussions that were held at the 5th Economic Forum organised by the Institute of Certified Public Accountants of Uganda (ICPAU) in Entebbe from July 19 …
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Government sets terms for Nakumatt to pay suppliers Kampala, Uganda | JULIUS BUSINGE |Government of Uganda through the Ministry of Trade has given Nakumatt Holdings, a regional retail chain up to end of this month to have secured an investor to clear arrears for suppliers and landlords . In an …
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The Independent Uganda: You get the Truth we Pay the Price