Business

Kampala, Uganda | THE INDEPENDENT | The government is conducting research on virtual currencies with a view of regulating digital transactions. The currencies are online tenders through which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a …

  Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority’s continued focus on compliance management, debt collection, customs enforcement and investigation of fraudulent schemes ensured the tax body saved sh383 billion in collections in 2018/19. Compliance initiatives yielded sh151.18 billion, debt recoveries brought in sh92.45 billion, customs enforcement had sh78.48 billion saved while investigations were …

  Kampala, Uganda | JULIUS BUSINGE | All practicing architects in Uganda will have to fulfill the demands of the newly formulated and accented to by-laws if they are to have their licenses renewed. Speaking to about 100 architects gathering at a hotel in Kampala on July 18, Robert Kigundu, …

Kampala, Uganda | THE INDEPENDENT | Government has awarded a contract to build an integrated system for civil servants to a consortium of three companies. Sybyl Limited (Uganda), hSenid Business Solutions PVT Ltd from India and Sybyl Kenya Limited will design, supply and help government implement the Integrated Government Human …

European Investment Bank and FMO sign up to renewAfrica covenant Luxembourg, LUX | THE INDEPENDENT | In a continued effort to back the development of renewable energy on the African continent, the EIB and FMO on Wenesday committed to support the “renewAfrica” initiative, championed by RES4Africa. The renewAfrica Initiative is a …

Mbale, Uganda | THE INDEPENDENT | Uganda is expected to continue having unpredictable rain and dry seasons, scientists have concluded, after projecting an increase in temperatures of about 2 degrees Celsius over the next 30 years in Kenya, Tanzania and Uganda. These climate changes will have a significant impact on the …

  dfcu, one of Uganda’s largest banks by assets has been running a Women in Business initiative/programme since 2007. The Independent’s Julius Businge spoke to Victoria Byenkya, the Manager for the programme on how it is empowering women to succeed in business. Briefly share the overview of the initiative? The …

Chinese firm, Tian Tang Group, has opened the Sino-Mbale Industrial Park in eastern town of Mbale, an investment its executives say will create at least 2,000 jobs to the local population. Mbale, Uganda | JULIUS BUSINGE | The firm’s executives say three investors have already set up in the park …

  African countries have a long way to go as they continue being recipients of blockchain technologies Kampala, Uganda | JULIUS BUSINGE | Blockchain technology has recently emerged as one of the biggest innovations in the world. Michael Niyitegeka, a Kampala based information technology expert explained to this reporter that …

  Kampala, Uganda | JULIUS BUSINGE | After five years at the helm of Barclays Bank Uganda as Managing Director, Rakesh Jha has left, according to a media release dated July 15. Insiders say he has left because of personal reasons.  During his tenure, the bank was seen to be …