Rating agency Standard & Poor’s (S&P) has cut South Africa’s foreign currency rating to sub-investment grade status. Two other global ratings agencies, Fitch and Moody’s, may well follow suit.
Uganda’s economy recorded positive growth in the second quarter of 2016/17 after contracting in the previous quarter, data released by the Uganda Bureau of Statistics on Tuesday show.
Umeme’s net profit fell 5.8% in 2016 to Shs99.7 billion, weighed down by higher financing costs and flat earnings, the power distributor said in full year results released on Monday.
Annual headline inflation for the year ending March 2017 declined to 6.4% compared to the 6.7% recorded in the year ending February 2017.
Now that Theresa May, the British prime minister, has triggered Article 50, the process of formally negotiating Brexit can begin. Here’s what to expect in the next two years.
If you tried to access the Ministry of Finance website on Wednesday, you were welcomed with a “We’ll be back soon!” message against a white background. The website was down for maintenance.
Total S.A. has completed the acquisition of Gulf Africa Petroleum Corporation (Gapco) from India’s Reliance Industries Limited following regulatory approvals.
Stanbic Bank, Uganda’s largest bank, has released financials for 2016 showing a 27% increase in net profit, a solid performance in a challenging year for the banking sector.
Ziria Tibalwa Waako is the new chief executive of the Electricity Regulatory Authority, replacing Benon Mutambi who was appointed permanent secretary of the Internal Affairs ministry last year. Ms Waako has been acting CEO since last November.
The top official of an international charity said Uganda received more refugees daily at the end of 2016 than many wealthy European countries did the entire year. Do the numbers add up?