The East African Business Council has asked member states of the East African Community to adopt the regulatory framework for Mutual Recognition Agreements (MRAs), as stipulated in the region’s Common Market Protocol, in order to facilitate easy movement of professionals in the region. Nicholas Nesbitt, the Council Chairman said although the six member states signed […]
Tanzania Tourist Board (TTB) will kick-start the positioning and marketing of Tanzania as Business and Meetings, Incentives, Conference and Exhibition/Events (MICE) Tourism destination starting this month. The entity has collaborated with Africa Tourism Partners (ATP) to up-skill travel and tourism professionals in Tanzania running a business and MICE Tourism. Prospective participants include professionals, executives and […]
Over-reliance on metal scraps and imported ingots for manufacturing steel products will soon be history in Uganda when Tembo Steels Uganda Limited completes a mega iron ore processing plant in Iganga District set to be the largest in Eastern Africa. Himanshu Kampur Rahul, the Chief Executive Officer(CEO) Tembo Steels Group is happy that they will […]
Once again, the world’s emerging economies are facing a bout of uncertainty. Argentina, South Africa, and Turkey are among those generating the most concern, owing to a combination of questionable monetary policies and currency depreciation vis-à-vis the US dollar that threatens to undermine these countries’ ability to service their debts. But not all emerging economies […]
Now that US President Donald Trump has imposed a 10% tariff on yet another US$200 billion worth of Chinese imports, the US-China trade war has entered a costly new phase. As China follows through on its pledge to retaliate, the casualties will include more than half the bilateral trade between the two countries, with China […]
The French Ambassador to Uganda, Stephanie Rivoal has said Uganda may not achieve very much from the Oil and gas sector if the government does not embrace transparency in the emerging sector. Speaking at the event to announce the merging of Mazars and BRJ, both Certified Public Accountant firms at the Sheraton Kampala Hotel, the […]
The Uganda shilling remained frail on Tuesday, a day that saw sustained market activity on the foreign currency demand counter. After holding out for most of the day against the greenback, the local unit buckled on the back of dollar demand from commercial banks and merchandise imports in mid trading to close the day quoted […]
Emerging economies are often grouped together as something of a monolith. But when it comes to economic performance, they diverge widely, with only some countries achieving rapid and relatively consistent growth over long periods. What is their secret? In the McKinsey Global Institute’s recent review of the per capita GDP growth of 71 emerging economies, […]
Labour advocates have long complained that international trade agreements are driven by corporate agendas and pay little attention to the interests of working people. The preamble of the World Trade Organization Agreement mentions the objective of “full employment,” but otherwise labour standards remain outside the scope of the multilateral trade regime. The only exception is […]
Africa’s premier fintech event, the Africa Fintech Summit, will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and investors. The Summit, organized by Dedalus Global, gathers innovators, investors, […]
Huawei Technologies has launched a position paper that states that ICT has the transformative power to boost sustainable socio-economic development. The Paper adds that governments have a vital role to play in forming a favourable environment for the dynamic and healthy development of the ICT industry. The Paper was launched during the ITU Telecom World […]
The average quality of policies and institutions in Sub-Saharan Africa was broadly unchanged in 2017, according to the latest review by the World Bank. This is a shift from the deterioration observed in the previous year. This analysis covers 38 countries and describes the progress these countries are making on improving the quality of their […]
On Monday, September 17 2018, the Daily Monitor ran a story with the headline “How BOU Blew Shs 478 billion in the Crane Bank Takeover”. The story and its headline were seriously misleading. The story claimed that the Bank of Uganda (BOU) spent Shs 478.8 billion from an undisclosed account in the Central Bank under […]