Arthur Mukembo is the regional director for RE/MAX in East Africa, an international real estate brand established in 1973 in Denver, Colorado and now present in more than 100 countries and territories with a network of over 115,000 real estate professionals in 7,500 offices. He spoke to Isaac Khisa in …
Read More »COMMENT: The abnormality of oil
Why inflation and monetary-policy adjustments by central banks might not impact its price COMMENT | JIM O’NEIL | Writing about oil prices is always risky. In a January 2015, I suggested that oil prices would not continue to fall, and even predicted that they would “finish the year higher than they …
Read More »Bitcoin tops $18,000 in debut on major bourse
New York, United States | AFP | Bitcoin surged past $18,000 after it began trading on its first major global exchange Sunday, the latest in a series of highs that have excited some investors while leaving others nervous of a bubble. Trading of the controversial digital currency on a futures contract …
Read More »Bitcoin futures launch sparks excitement, warnings
New York, United States | AFP | Bitcoin makes its debut on a major exchange Sunday, a milestone for the digital currency that has some investors excited but others nervous. The Cboe Futures Exchange in Chicago will open trading in bitcoin futures at 2300 GMT on Sunday, a move that is …
Read More »Bubble or brave new world? Bitcoin breaks $10,000 barrier
Singapore, Singapore | AFP | Bitcoin broke through the $10,000 barrier for the first time on Wednesday as it continues a stratospheric rise that has delighted investors but sparked fears of a bubble. The virtual currency hit a high of $10,379 in Asia, according to Bloomberg News, more than 10 times …
Read More »Coca-Cola shakes Uganda’s energy drink market
Kampala, Uganda | JULIUS BUSINGE | Century Bottling Company Limited, a franchise bottler and distributor of Coca Cola Products in Uganda, has taken on Hariss International Limited’s Rock Boom and Pepsi Cola’s Sting with a low-cost energy drink in a move likely to stir competition in the energy drinks segment. The …
Read More »VIDEO: Nateete market vendors protest against alleged sale of market
VIDEO: Nateete market vendors protest against alleged sale of market Kampala, Uganda | NTV UGANDA | Traders from Natete market have engaged the police in running battles as they protest the alleged sale of the market to private investor. The traders are demanding for an explanation on the fate of the …
Read More »Britam’s asset management firm enters Ugandan market
Kampala, Uganda |ISAAC KHISA | Britam Holdings Plc has unveiled an asset management company in Uganda as it seeks to extend its asset management offering in the region. The new company, Britam Asset Managers (Uganda) is modelled along a similar successful company in Kenya. It will offer investment management and advisory services to pension …
Read More »Berlin truck attack: the investigation so far
Berlin, Germany | AFP | Tunisia said Saturday it had arrested three men linked to the suspected Berlin Christmas market attacker, including his nephew. Here is what we know about the case so far. – Shot dead in Italy – German authorities launched a Europe-wide manhunt for 24-year-old Tunisian Anis …
Read More »Berlin truck attack suspect Amri killed in Italy shootout
Milan, Italy | AFP | Italian police on Friday shot dead the prime suspect in the Berlin Christmas market attack, ending a frantic four-day hunt for Europe’s most wanted man. But just as German Chancellor Angela Merkel expressed relief that suspected attacker Anis Amri no longer posed a threat, she …
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