Addis Ababa, Ethiopia | XINHUA | African businesses are shifting towards new technologies in response to the ongoing COVID-19 pandemic, according to a new report published by the United Nations Economic Commission for Africa (UNECA). The report, which was jointly published by the UNECA and the International Economics Consulting Ltd., …
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Kampala, Uganda | THE INDEPENDENT Businesses should desist from putting their main income generating assets as collateral to get loans from banks, an expert has said. Sarah Mbinji, an International Finance Corporation trainer, said on Wednesday that using your cash-cow asset as security to get a loan would be akin to …
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Kampala, Uganda | XINHUA | United Nations Secretary-General Antonio Guterres on Wednesday highlighted the need for decent jobs to fuel the COVID-19 recovery. In a video message, the UN chief told heads of state and government and others attending a virtual meeting that they are essential to global efforts to “build …
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Kampala, Uganda | THE INDEPENDENT | The Minister for Security, Gen. Elly Tumwine has warned business owners against re-opening their shops that have never been cleared by government to re-open. He said as security, they can’t do anything to enforce the coronavirus (COVID-19) regulations if they don’t get cooperation from …
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Kampala, Uganda | THE INDEPENDENT | Countries and organizations in Europe under their umbrella Team Europe have announced plans to provide 125 Million Euros (about Shillings 518 billion) in loans to support small and medium Ugandan enterprises to recover from coronavirus impact. In a statement issued on Monday, Team …
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Kampala, Uganda | THE INDEPENDENT | Four million Ugandans could lose their jobs if the Coronavirus pandemic persists for the next six months, according to the business climate index published by the Economic Policy Research Centre. EPRC conducted a survey, sending questionnaires electronically to 147 businesses which are a panel of …
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Washington, United States | AFP | Like a global tsunami, the coronavirus pandemic has caused a huge loss of life and taken a massive economic toll. In the US economy, skyrocketing unemployment is the most-visible sign of the devastation: almost overnight, at least 30 million workers lost their jobs. The April …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni this evening has allowed a very limited number of businesses to reopen, as he extended the COVID-19 lockdown for another 14-days. The businesses so far allowed to open are hardware shops, mechanic workshops and garages, metal and wood workshops, insurance companies, 30 …
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Kampala, Uganda | THE INDEPENDENT | As most businesses scratch for options on how they will cover for losses incurred as a result of coronavirus disruption, it has emerged that insurance providers may not be a run to option. This according to several players in the industry is because COVID-19 …
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Kampala, Uganda | THE INDEPENDENT | In a thin relief to businesses during the shutdown due to coronavirus, President Yoweri Museveni announced Monday evening that his government would talk to banks to ensure that they don’t seize properties of defaulters during the 14-day period. Museveni who announced the ban of private …
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The Independent Uganda: You get the Truth we Pay the Price