Washington, United States | AFP | Donald Trump’s White House triumph this month caught the business world by surprise but also breathed life into a little-understood US industry: private prisons and migrant detention centers. Following the Republican’s election, shares in two of the sector’s major players, CoreCivic (formerly known as …
Read More »Nakumatt’s elephant missteps
Nakumatt: Unstable US$150m debt sends jitters among retail supermarket suppliers Business at Nakumatt supermarkets in Uganda has been slowly declining for months but recent persistent reports that all is not well at the parent company of the Kenya-based regional retail giant may have made a bad situation worse. The Nakumatt …
Read More »Progress, but uphill slog for women in tech
Lisbon, Portugal | AFP | They are under-represented in the industry and sometimes made to feel unwelcome in geek-infested workspaces, but women are making their voices heard at Europe’s largest technology marketplace. Organisers of this week’s Web Summit in Lisbon said nearly half its 53,000 attendees were women, helped …
Read More »Uganda’s economy sound, says IMF
The economy isn’t in such a bad shape as earlier thought, the International Monetary Fund (IMF) has said in its latest assessment. Speaking at the conclusion of a two-week’s 7th review of Uganda’s economic programme under the Policy Support Instrument (PSI), Axel Schimmelpfennig, the IMF Mission chief, said the country’s prospects …
Read More »Trump joins club of billionaire moguls elected to power
Paris, France | AFP | Donald Trump, the real estate mogul, reality TV star and US president-elect whose worth Forbes estimates at $3.7 billion, joins an ultra-elite group of billionaire business tycoons who have come to power through the ballot box. Other political leaders who first made fortunes in businesses …
Read More »Rwanda rebounds in doing business ranking
Once again Rwanda has recorded improvement in its global ease of doing business ranking. It is the sixth year in a row that Rwanda is maintaining a high ranking in the World Bank index which rates countries on how easily a business can be set up and how it is …
Read More »Uganda rises on 2017 World Bank Doing Business rankings
Better business climate Uganda’s ranking in the 2017 World Bank’s Ease of Doing Business has improved by seven places, a development that shows that ongoing business environment reforms being implemented by the government are starting to bear fruit. Uganda now ranks 115th out of the 190 assessed economies, which is …
Read More »Japan gives $2.8m grant to support businesses in Northern Uganda
The Japan government has given Uganda $2.875 million grant to improve access to income earning opportunities for poor and vulnerable households in Northern Uganda. The grant will benefit 120 existing community groups that were established under the NUSAF2 Project, and support 240 new ones. Groups are to have 10 to …
Read More »Managing real estate
INTERVIEW: Adnan Mpuga is the Executive Director of Eastlands Agency. He spoke to Agnes E. Nantaba about trends in Uganda’s property and real estate market. What are the key elements in your management style as a manager? Hard work, honesty and respect for all are key elements in management. Working …
Read More »Diane Basemera promotes the arts online
Diane founded Amooti.org, an online market place that provides easy access to African-inspired art, culture, fashion and other products over the Internet. The business gives gifted and inspired people a platform to share their talents and culture, while getting income for their work. All they need to do is get …
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