Tag Archives: Business

Lagos, Nigeria | AFP | Every morning, Mama Biliki prepares small bags of popcorn outside her ramshackle house in Ajegunle, one of Lagos’ poorest neighbourhoods, to sell by the roadside for 50 naira each. On a good day, she reckons she can earn about 5,000 naira ($16, 15 euros) hawking …

One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …

Should struggling Ugandan businesses be bailed out by government? Government plans to fork out about Shs1trillion from the public purse to pay off the loans owed to commercial banks and save private businesses, whose assets some banks have already started putting under receivership. Basing on some of the potential beneficiaries, …

NBS: The internal conflict in south Sudan is beginning to take its toll on Ugandan business community who were doing business in south Sudan. As Ugandans return home, they are worried about their businesses, which were thriving before violence broke out recently. Share on: WhatsApp

Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …

Barclays Bank has instructed Quickway Auctioneers and Court Bailiffs to auction J&M Airport Rd Hotel Apartments and Leisure Centre Ltd to recover a loan amounting to more than Sh 4.7 billion. A notice published on July 4 indicated that the property, sitting on approximately 30.5 acres, would be auctioned to …

Fatma Abubakar is the DHL Uganda country manager. She spoke to Flavia Nassaka about the performance of the logistics and shipping industry. What are the key elements in your management style as a manager? I don’t lock my door; I believe in an open-door management style. I believe in people …

New report by BOU, UBOS shows decline in foreign direct investments, local sales revenues Uganda saw a decline of $40 million in foreign direct investments (FDI) in 2015, according to a survey conducted by Bank of Uganda in conjunction with the Uganda Bureau of Statistics, Private Sector Foundation Uganda, Uganda …

Maputo, Mozambique | AFP | Indian Prime Minister Narendra Modi on Thursday kicked off a four-nation tour of Africa, vowing to be “a trusted friend” of Mozambique after talks with President Filipe Nyusi in Maputo. Modi set the tone for his continental visit by announcing a raft of cooperation agreements …

The UK is the 9th largest export economy in the world. In 2014, it exported $472 billion and imported $663 billion. The top exports of the UK are cars, gold, crude petroleum, refined petroleum and packaged medicaments. Uganda is not among the UK’s to export destinations which are the United …