Commonwealth finance ministers have recognized the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerce. Revenues from tax collection are important for maintaining debt at sustainable levels, yet can often be impaired by the digitalization of trade in services, as this often results in […]
Africa
Russian nuclear firm urges African countries to join the Atomic club
Dmitry Shornikov, CEO of Rosatom Central and Southern Africa, a Russian firm has emphasized the advantages of joining the atomic club through creating nuclear industries in newcomer countries. Shornikov, who was speaking at the panel on global nuclear trends, gave an overview of projects with the maximum positive effect on the industrial development, enhancing the […]
Pound Sterling surges as Great Britain and the European Union finally hammer ‘a Brexit deal’
Great Britain and the European Union have finally agreed on a deal, 14 days before deadline day. Great Britain was about to leave the European Union on October 31 2019, at 2300hrs without a deal. However, according to the European Commission President Jean-Claude Juncker, a deal has been concluded. “Where there is a will, there […]
Imperial Leather invests Ush1 billion in 3 months promo
Global personal care products manufacturer PZ Cussons, through its sole distributor in Uganda African Queen No. 1 Distributor Ltd, is ramping up the positioning of its flagship brand Imperial Leather. It has started a new campaign dubbed ‘Be Fresh & Win’ aimed at rewarding consumers in cash & luxury holidays over the next 3 months. […]
Commonwealth Finance ministers to discuss joint action to prevent future debt crises
Commonwealth finance ministers will meet in Washington D.C. this week to discuss coordinated interventions to prevent future debt crises. The meeting will be chaired by the Finance Minister of Cyprus, Harris Georgiades, under the theme ‘Preventing Debt Crises: The Roles of Creditors and Debtors’. It will be preceded by sessions for senior finance ministry officials […]
GrowthAfrica launches in Uganda with target to grow local businesses
A company that helps small enterprises to grow big, GrowthAfrica has launched in Uganda. GrowthAfrica describes themselves as the leading acceleration and growth partner for African entrepreneurs and companies scaling their business in and across Africa. The company was founded in 2002 with its headquarters in Nairobi. It has grown into an experienced African business […]
Malaysia Investment Consortium eyes Somaliland
The International Investment Consortium (IIC) of Malaysia is seeking to take Malaysian investors to Somaliland. The IIC says there is so much opportunity in Somaliland which Malaysian businessmen can tap into and help create employment in Somaliland to build its economy. IIC Chairman Dato’ Arshad during a meeting with the Somaliland ambassador to Kenya Bashe […]
Germany offers continued support of development initiatives in Somaliland
Germany will continue playing a key role in sustainable development in Somaliland. German deputy ambassador to Kenya Marcus Bollmohr says ties between his country and Somaliland remain strong despite the east African state still lacking international recognition. Bollmohr met with the Somaliland envoy to Kenya Bashe Omar in Nairobi where they discussed matters touching on […]
Uganda Airlines revival: How it will impact both the domestic and regional economies
“No river can return to its source, yet all rivers must have a beginning.” This American proverb fits perfectly with Uganda’s revived national carrier that had last taken to the skies close to two decades ago and it is now all history. The Journey Uganda airlines kick-started air operations fully owned by government of Uganda […]
What Magogo’s FIFA ban means to Uganda’s football
The Federation of International Football Association (FIFA) yesterday banned the President of the Federation of Uganda Football Associations (FUFA) Eng. Moses Magogo Hashim from football-related matters for two months with charges related to breaching the FIFA ethics code of conduct. An investigation into Magogo was opened on 23 July 2018 related to the resale of […]
Somaliland ready to welcome first Uganda Airlines flight to Hargeisa
Somaliland government is excited at the prospect of Uganda Airlines adding Hargeisa as parts of its new destinations. Uganda Airlines announced this week it will add three more regional routes to its schedule in the coming months to bring the number of destinations to seven. One of the destinations the Uganda national carrier is looking […]
Commonwealth steps up battle on climate change
The Commonwealth has started a regenerative climate change model that marries the ancient wisdom of indigenous groups with emerging innovations, technologies and scientific approaches. Common Earth, is the programme that will create a network of projects that could be replicated and adapted to any community, country or region. Government officials, environmentalists, scientists, economists, and representatives […]
Business Opportunities in Ethiopia, MTN bids to acquire major telecom
As I prepare to spend November in Addis Ababa and brush up on my terrible Amharic, the third quarter of 2019 was eventful for our company, Teseteo, but also business in Ethiopia as a whole. Privatizing EthioTelecom has only just begun – exciting times ahead as we watch the story unfold and find out which […]