4 OCLOCK BUSINESS NEWS UPDATE WITH Orange Retail chain Uchumi Supermarkets has closed down one of its branches in Uganda, as the retailer announced a 7.6 per cent growth in its 2014 after-tax earnings helped by a tax credit. Uchumi said on Monday that the Uganda closure was due to its poor location and disagreement with landlord over certain improvements on the premises. ………………………………. President Yoweri Museveni is expected to be the chief guest at the Uganda Mineral Wealth Conference is slated for October 1 to 2. According to a statement by the organisers the focus at this year’s conference will be on creating partnerships between international exploration companies and local companies to better exploit and manage the country’s mineral wealth. ………………………………….. Delay by government to regulate the fish industry is not only threatening the country’s export revenues but also the livelihood of hundreds of people. Already the increasing catching of immature fish has seen six factories close shop and the remaining 12 factories are operating under capacity, something players say is killing one of the country’s leading non-traditional export earners. the chairman Uganda Fish Processors and Exporters Association (Ufpea), Mr Phillip Borel, says “We are losing a lot of fish revenue and close to 1. 5 million people whose lives entirely depend on fish are at risk”. ……………………………….. INTERNATIONAL BUSINESS New York is about to get a new taxi app service – with cabs driven by women for women, according to a report in the New York Times. Serving New York City, the latest Uber-like taxi app will be available through an Apple application for smartphones as of Sept. 16, with an Android app to follow. It will be called SheTaxis in the suburbs and SheRides in New York City, due to regulations barring the use of “taxi” in the name. Favored by women leery of getting into hired cars with male drivers or being groped by men on crammed buses, trains and subways, women-only transport can be found in many cities around the world. AND NOW FOR A LOOK AT THE BUSINESS RATES TODAY USD 2600 2610 GBD 4200 4310 EURO 3350 3440 KSHS. 29.2 29.6 Forex Rates brought to you by City Bureau de Change located at Jumbo Plaze, Shop Number 4 on Parliament Avenue and Pioneer Mall, shop 4, City Bureau De Change also offerS FOREX EXHANGE Telegraphic Transfers, WESTERN UNION, MONEY GRAM AND CROSS CURRENCY OPTIONS.
Posted on: Tue, 09 Sep 2014 13:08:51 +0000
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