Business

Caracas, Venezuela | Xinhua | Venezuela confirmed a decision by the United States to ease oil sanctions, calling for a total lifting of the U.S. sanctions on the South American country. “The Bolivarian Government of Venezuela has verified and confirmed the news … that the United States of America has …

Kampala, Uganda | THE INDEPENDENT | Parliament on Wednesday passed the Excise Duty (Amendment), 2022, but rejected a proposal seeking to reduce tax on fuel. The proposal was carried in a minority report presented by Kampala Central MP, Muhammad Nsereko. Nsereko proposed that the excise duty on motor-spirit gasoline which …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA has named committees to oversee the implementation of the parish development model project. The seven-member committees, comprising representatives from different interest groups such as the youth, elderly, opinion leaders, politicians, the disabled, parish chief, and the parish chairperson will over …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance- General Duties, Henry Musasizi has withdrawn two tax Bills from parliament. The House has approved his request. The Bills are the Finance (Amendment Bill), 2022, and the Uganda Revenue Authority (Amendment) Bill, 2022. Under the Finance (Amendment Bill), 2022, the …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Anita Among has warned legislators against staging protests ahead of the debate on the controversial coffee agreement. According to Among, she will not hesitate to stop the debate should any legislator demonstrate during the discussion of the report prepared by …

Kampala, Uganda | THE INDEPENDENT | The Minister for Kampala and Metropolitan Affairs Hajjat Minsa Kabanda wants the Inspector General of Government-IGG Beti Olive Namisango Kamya to investigate corruption in city markets. According to Kabanda leaders in the City Markets are collecting garbage fees, despite the services being provided by …

Hoima, Uganda | THE INDEPENDENT | At least 41 percent of the Project affected persons-PAPs under the East African Crude Oil pipeline-EACOP project have been fully compensated in Uganda. There are 3,648 project affected persons-PAPs under the EACOP project in Uganda. The 1,443km crude oil export pipeline will transport Uganda’s crude …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the committee on Tourism, Trade, and Industries have commenced inquiries into the petition of Kampala Rice Traders’ Association over the unfair Value Added Tax – VAT exempt rice importation. Last week, the traders, who import rice from Tanzania petitioned Speaker …

  Kampala, Uganda | THE INDEPENDENT | Uganda has not yet reached the level of setting the minimum wage, Ramathan Ggoobi, the Secretary to the Treasury and Permanent Secretary in the Ministry of Finance, Planning and Economic Development has stated. According to Ggoobi, it is bad economics to institute a …

  Kampala, Uganda | PATRICIA AKANKWATSA | ‘The Hair & Beauty Affair’ is a social event and platform established to showcase & celebrate the work of beauty artisans working behind-the-scenes, all over the country. The event features a Beauty EXPO, awarding ceremony, Workshops, Runway Showcases and Entertainment Happening for 3 days …