Kampala, Uganda | Julius Businge | Kansai Paint Co., Ltd. (“Kansai Paint”) has entered into an agreement to sell its Africa business to Akzo Nobel N.V. (“AkzoNobel”), a global paints and coatings company, it said on June 2 in a statement. The sale is subject to the regulatory approvals of the …
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Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Col. Besigye’s protests: Will they ever achieve change? THE LAST WORD Uganda’s Prisoners’ Dilemma: Why public investments and appointments are economically inefficient in multi ethnic societies ANALYSIS America snubs Museveni again: Crackdown on …
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Kampala, Uganda | THE INDEPENDENT | Experts and think-tanks have warned the government against introducing policies aimed at mitigating the effects of rising commodity prices, but also blamed it for poor management that has allowed the current situation to escalate. Until now, the government has rejected any suggestions that it introduces …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s economy is projected to grow at six per cent in the next financial year 2022/2023, according to the Minister of State for Finance in charge of General Duties, Henry Musasizi. Musasizi who was on Wednesday, 25 May 2022 appearing before the Committee on National …
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Davos, Switzerland | Xinhua | The International Monetary Fund (IMF) on Tuesday warned of further headwinds for the global economy and spiralling inflation around the world due to the conflict in Ukraine, while voicing that China will remain an engine of growth after the “near-term headwinds”. “We are seeing additional weaknesses …
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Moscow, Russia | Xinhua | The Russian economy is withstanding the blow of Western sanctions “quite well” despite all the difficulties, as was evidenced by all the key macroeconomic indicators, President Vladimir Putin said Monday. Putin made the remarks during talks with visiting Belarusian President Alexander Lukashenko in Russia’s Black Sea …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni’s Sunday evening address to the nation was largely aimed at responding to the escalating prices of essential commodities, or at least that is what most Ugandans expected. His explanations of the situation drew criticism, as many Ugandans thought he was blaming the …
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Harare, Zimbabwe | Xinhua | Zimbabwean President Emmerson Mnangagwa has praised Chinese investment for changing the economic landscape in his country and other parts of Africa, while blasting the West for plundering African resources for decades. In his weekly column for the government-run The Sunday Mail newspaper, Mnangagwa said that the …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni absolutely said nothing during his televised address on the economic situation in the country according to his longtime rival, Rtd Col. Dr. Kizza Besigye, the former Forum for Democratic Change-FDC party president. This comes just hours after the president Museveni addressed …
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Experts release a guide for beneficial laws in Uganda Kampala, Uganda | THE INDEPENDENT | Corporate opacity presents a key vulnerability in the Ugandan economy, contributing to the Shs2 trillion (US$550 million) in illicit financial flows (IFFs) lost each year, according to a joint report released by Global Financial Integrity …
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The Independent Uganda: You get the Truth we Pay the Price