Tag Archives: economy

Frankfurt am Main, Germany | AFP |  China overtook the United States last year to become Germany’s biggest trading partner for the first time, official data showed, a shift likely to reassure Berlin as worries grow over US President Donald Trump’s protectionist leanings. The figures compiled by federal statistics office …

UTL still has potential to thrive again – Dr. Faisel Gergab The Chairman of Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) Dr. Faisel Gergab has reassured parliament that Uganda Telecom Limited (UTL) still has a future. He promised that the company will come up with a transformation plan to …

Rio de Janeiro, Brazil | AFP | The Rio carnival is a celebration of joyful excess but deep recession in Brazil means that samba schools are thinking about their budgets as much as their dance moves. “Here the key word is austerity,” says Luiz Carlos Magalhaes, president of the Portela …

Dubai, United Arab Emirates | AFP |  International Monetary Fund chief Christine Lagarde on Sunday voiced optimism for US economic growth under President Donald Trump but warned it could herald trouble for the rest of the world. “From the little we know, and I will insist on the little we …

Government is taking steps in ministries and departments intended to reduce and solve the problem of increasing domestic arrears, the Minister of State for Finance David Bahati has said. One of the steps, the minister said was instituting prepaid systems for utilities. “The biggest part of domestic arrears is on …

Lagarde (right) praised Museveni’s (left) scaled-up infrastructure investments.When President Yoweri Museveni, Minister of Finance, Economic Planning and Development Matia Kasaija, Governor of Bank of Uganda Tumusiime-Mutebile and other senior officials stepped into the meeting with visiting IMF Managing Director Christine Lagarde this last week, they had under their belt a …

Washington, United States | AFP | President Donald Trump’s first moves on trade have cast a pall over US trade relations and could hurt US businesses, trade experts say. Trump has begun his term by pulling out of one major agreement, vowing to renegotiate or exit another, and threatening to …

Business captains punch holes in Bank of Uganda projections Uganda’s economy is expected to pick up steam this year, boosted by public infrastructure spending and easing of the monetary policy to stimulate economic growth. At least that is the view of Bank of Uganda Governor Emmanuel Mutebile. Mutebile spewed his …

Las Vegas, United States | AFP |  Global spending on consumer technology is expected to slip this year due to factors including a strong US dollar and political uncertainty prompted by Brexit and President-elect Donald Trump. Consumer Technology Association senior director of market research Steve Koenig revealed the US trade …

Mumbai, India | AFP | Indians rushed to change their bank notes Friday before a deadline to deposit invalid rupee notes closed, as Prime Minister Modi defended his controversial move to reduce cash in use. His shock November 8 announcement rendered 86 percent of India’s currency void, giving customers until …