Uganda: Exports Rebound After Three Months of Decline


Export earnings have rebounded after three months of recording a decline. Earning, mainly from coffee, fish, flowers and cement, some of which had experienced some volatility, recovered during the period ended June to fetch Uganda growth of at least Shs172b. According to data from Bank of Uganda, Uganda exported goods worth $337m (Shs1.2 trillion) up […]

“Banking must be supervised by Finance,”


STATE HOUSE, ENTEBBE: President Yoweri Kaguta Museveni has cautioned the Parliamentary committee on Finance, Planning and Economic Development to first weigh and analyze the advantages and disadvantages of the NSSF Amendment Bill 2019 to the Fund, Government and the members (savers) before they make a decision.   The President yesterday met the Finance Committee of Parliament […]

Global Markets Sluggish Wednesday


Asian markets were mixed Wednesday as optimism over a potential coronavirus vaccine earlier this week steadily begins to fade. The Nikkei index in Tokyo gained nearly 162 points to finish 0.7% higher, while Sydney’s S&P/ASX, the KOSPI in Seoul and Taiwan’s TSEC index had all earned 0.4% by late afternoon. Hong Kong and Shanghai were […]

Asian, European Markets Begin Week with Significant Gains


Asian markets are on the rise Monday as more and more nations continue to slowly emerge from the lockdowns imposed to halt the coronavirus pandemic. Tokyo’s Nikkei index closed 0.4% higher, despite news earlier in the day that Japan had technically fallen into recession for the first time since 2010 after two straight quarters of […]

Asian Markets Plummet Thursday


Asian markets were all trading lower Thursday in reaction to a gloomy assessment about the struggles facing the global economy due to the coronavirus pandemic. Japan’s Nikkei index was down 1.5 percent in late afternoon trading, while Hong Kong had lost 1.3 percent. The indexes in Seoul, Shanghai, Sydney and Taipei were also posting significant […]

European Markets Begin Week in Positive Territory


European markets are beginning the week on a high note, with all three major indexes making gains in early trading Monday. The FTSE in London and the DAX in Frankfurt are both 0.4% higher, while the CAC-40 in Paris is down slightly at 0.2%. The trading day began with significant gains in Asia, led by […]

Global Markets Mixed on Thursday


Global markets were mixed Thursday, with Asian indexes struggling despite good economic news from China. Japan’s Nikkei index closed 0.2 percent higher, while the TSEC 50 in Taipei finished 0.6 percent higher. The indexes in Hong Kong, Shanghai and Sydney were all in negative territory, with investors apparently unmoved by Beijing’s announcement that exports rose […]

Asian Markets Make Gains Tuesday


Asian markets are trading higher Tuesday. Sydney’s S&P/ASX index was up 1.4% in midday trading, while the Hang Seng index in Hong Kong was 0.7% higher and Taiwan’s TSEC 50 was 0.5% higher. Seoul’s KOSPI index had lost 2.6%. The markets in Tokyo and Shanghai remained closed Tuesday. Tuesday’s modest gains in Asia are a […]