The Mall Of Nh is a large mall that is one of the largest malls in Africa and is located in the heart of Kampala, Uganda.It has a total area of 1.9 million square metres, with over 80% of the mall located in Kampala.The mall has an annual revenue of over $5 billion and was built in 1989.It was the first mall in Africa to be built by African companies.In 2005, it was acquired by the African Develop...
The Australian dollar hit a fresh six-month low against the US dollar on Thursday, as investors awaited news from the Federal Government on whether it will keep the Government’s promise to lower the nation’s carbon emissions.
Read moreThe dollar fell to 78.70 US cents in early trade, after hitting a six-year high of 80.00 US cents.
The drop came after the Australian Bureau of Statistics reported an increase in employment in retail.
It found retail jobs increased by 1.6 per cent, which was up 0.6 percentage points on the previous month.
“This is good news for Australian retail,” said Paul Dickson, senior economist at research firm ANZ.
The Federal Government has promised to cut greenhouse gas emissions by up to 25 per cent from 2020 to 2050.
But a major report released by the Australian National University this week said the Government would have to spend $1.7 trillion on infrastructure projects to meet the 2020 targets.
Read full storyThe Australian dollar also touched a fresh all-time low against its US counterpart, which hit a six year high of 87.15 US cents on Thursday.