Washington, United States | AFP | Donald Trump boasted he made things up in a conversation with Canada’s prime minister, insisting the US ran a trade deficit with its neighbor despite having “no idea” if the claim were true, the Washington Post reported. The US president recalled the exchange with …
Read More »African SMEs set to benefit from $74million guarantee
Kampala, Uganda | THE INDEPENDENT | The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has entered into a re- guarantee transaction of up to $74 million with GuarantCo to increase its guarantee capacity for SME financing on the continent. The new financing will enable AGF to support larger …
Read More »Why Barclays is re-branding as Absa
The South African bank to open offices in London and New York to serve clients seeking to invest in Africa Kampala,Uganda | ISAAC KHISA | Barclays Africa Group Limited (BAGL)plans to return to is former name, Absa, across its operations on the African continent. The bank’s executives said the move …
Read More »Canada’s Trudeau accuses China of ‘dumping’ steel on global markets
Ottawa, Canada | AFP | Prime Minister Justin Trudeau on Monday accused China of flooding global markets with cheap steel, adding that Canada has already taken steps to prevent “dumping” in this country. “We are very concerned about the actions taken by China and the dumping of steel and aluminum on …
Read More »World customs officials discuss tech ahead of Kampala Global AEO meeting
Kampala, Uganda | THE INDEPENDENT | World trade and customs officials have started discussing non-intrusive technologies needed for inspection of goods in the build-up to the World Customs Organisation (WCO) Global AEO Conference 2018 to be held in Kampala from Wednesday. Up to 1000 delegates including World Customs Organisation officials led …
Read More »MTN named “most valuable telecom” brand in Africa
Kampala, Uganda | THE INDEPENDENT | MTN has once again been named among the top 300 valuable telecom brands in the world, according to the research conducted by Brand Finance. The South African based firm was ranked 45th. With 25 subsidiaries most of which are in Africa, the company moved …
Read More »Shoprite eye Kenya’s retail market
Kampala, Uganda | THE INDEPENDENT | South Africa’s retail chain, Shoprite Holdings, plans to take advantage of disarray in Kenya’s grocery sector to open its first stores in the major East African market this year. Two of Kenya’s three top retailers – Uchumi Supermarkets and former regional giant, Nakumatt – …
Read More »Qatar Airways cuts prices to woo customers
Kampala, Uganda | THE INDEPENDENT | Middle East carrier, Qatar Airways, is slashing prices by up to a quarter to customers, increasing competition in the aviation industry. The airline announced that it will offer passengers discounts of up to 25 % on all cabin classes. Passengers travelling with friends and …
Read More »President Museveni cautions SACCOs on non repayment of loans
Kampala, Uganda | GODFREY SSALI | President Yoweri Museveni has cautioned members of Savings and Credit Cooperative Societies (SACCOs) on the habit of non repayment of loans saying it is the reason why many SACCOs and credit institutions have collapsed. This was contained in his speech read by the State …
Read More »Macron warns Trump all sides would lose in ‘trade war’
Paris, France | AFP | French President Emmanuel Macron on Friday warned his US counterpart Donald Trump against forging ahead with planned tariffs on European steel and aluminium, saying it risked starting a mutually destructive “trade war”. In a telephone call with Trump, the French leader expressed his “deep concerns”, …
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