Marking its debut on the continent, The Rise Fund, a global impact investing fund managed by TPG Growth, invests in digital payments provider that is transforming financial technology services across sub-Saharan Africa Kampala, Uganda | THE INDEPENDENT | The Rise Fund, a global impact investing fund managed by growth equity platform …
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Kampala, Uganda | THE INDEPENDENT | Parliament has for the second time rejected the proposed corporation tax on Savings Credit and Cooperative Societies-SACCO’s. Government had proposed to levy a corporation tax on Profitable SACCO’s in the 2018/2019 financial year. This is one of the proposals in Income Tax (Amendment) Bill, …
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San Francisco, United States | AFP | A federal court jury on Thursday ordered Samsung to pay Apple $533 million for copying iPhone design features in a patent case dating back seven years. Jurors tacked on an additional $5 million in damages for a pair of patented functions. The award …
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Paris, France | AFP | France will plough 65 million euros ($76 million) into startups in Africa, President Emmanuel Macron announced Thursday at a technology conference in Paris. Macron made the announcement at the third edition of the VivaTech trade fair, which brings together innovators, investors and entrepreneurs. This year …
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Oil and gas, agriculture and bancassurance to define 2018 performance Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurer, National Insurance Corporation Holdings popularly known as NIC, has recorded a remarkable growth in net profits for 2017 owing to an increase in commission and fees, incomes as well as again of its …
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STANBIC BANK: Transforming lives for a better Uganda **** Stanbic Bank has been operating in Uganda for 20 years, what have been the banks main contributions to the country? Kampala, Uganda | THE INDEPENDENT | As a proud financial anchor in Uganda’s remarkable growth story over the last couple of decades, Stanbic …
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Government needs to speed up formulation of a tea policy to regulate the industry Kampala, Uganda | JULIUS BUSINGE | Patrick Siisa, a tea farmer has recorded a decline in income at his farm by 37.5% to Shs5.5million per month in the past four months. Siisa grows tea on 25 acres …
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But can tough requirements to own a sim card curb crime? Kampala, Uganda | IAN KATUSIIME | After two months of public outcry and back and forth negotiations, telecom firms have finally resumed selling sim cards as Uganda’s communications regulator struggles to help security agencies curb mobile phone-assisted crimes. This follows …
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Kampala, Uganda | ISAAC KHISA | A rise in price of cigarettes and change in distribution channel have helped British American Tobacco Uganda Limited (BATU) record growth in net profit amidst tough tobacco regulation. Mathu Kiunjuri, the managing director BATU, told shareholders during the Annual General Meeting held at the …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has hit at Bank of Uganda Governor Emmanuel Tumusiime Mutebile for being dogmatic and unwilling to adapt to technology. The two were speaking during the Africa Blockchain Conference which opened at Kampala Serena Hotel today. The conference, organized by the Blockchain Association …
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The Independent Uganda: You get the Truth we Pay the Price
