Finance
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589Etihad moves to raise ownership in India’s Jet Airways as founder considers stepping down
DUBAI/DELHI – Etihad Airways, which owns 24 per cent of Jet Airways, plans to increase its stake in the Indian airline, sources...
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595Zimbabwe plans new currency as dollar shortage plunges economy into panic
HARARE – As Zimbabwe dips into disarray due to dollar shortage and other national challenges, the country plans to introduce a...
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1.0KAfrica’s richest: Forbes names Nigerian Dangote for the 8th year running
Nigerian industrialist Aliko Dangote has once again retained Africa’s richest man title in the latest billionaire ranking even after his wealth dipped...
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532Volvo Cars in global sales record, hit unprecedented 600,000 in 2018
Volvo Cars set a new global sales record in 2018, breaking the 600,000 sales milestone for the first time ever since the...
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671CBA offers to buy Kenya’s Jamii Bora Bank for UGX51 billion
NAIROBI – Commercial Bank of Africa (CBA) has made a KSh1.4 billion (about UGX51b) cash offer to buy out Jamii Bora Bank,...
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713Still privileged? Fired in February 2018, Bagyenda still had BoU cars, security a year later
KAMPALA – The Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has directed embattled former Bank of Uganda (BoU) Director for...
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478Apple top executive Tim Cook collects $12m in 2018 bonus, receives shares worth $121m
Apple Inc Chief Executive Officer Tim Cook collected his biggest-ever annual bonus for fiscal 2018 after the iPhone maker posted record revenue...
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542World Bank projects low prospects for global economies in 2019, growth to remain low in many countries
WASHINGTON, D.C – The World Bank (WB) has said global economic growth is projected to soften from a revised 3 percent in...
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661Asset quality of country’s commercial banks still a concern, says Bank of Uganda
KAMPALA – The asset quality of Uganda’s banking sector “remains a concern,” even as the country’s commercial banks performed better in the...
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806Kadaga urges Ugandans to embrace credit and savings cooperatives
KAMULI – Speaker of Parliament Rebecca Kadaga has commended the work being done in communities by Savings and Credit Cooperative Organizations (SACCOs)...
