Business

Google’s plans to invest $1bn in Africa’s tech infrastructure and talent over the next five years has sparked a debate over big tech’s tax obligations | SOSHANA KEDEM | Google announced $1bn of investments in Africa’s digital transformation in its first ever Google for Africa event on Oct.06. Over the …

Poor market information has made the ability to monitor market prices in close to real time difficult | GRACE NSOMBA AND SIMON ROBERTS | Southern and Eastern Africa face the twin challenges of growing agricultural production to meet food demand while adapting to extreme weather. And climate change makes addressing …

The telecom firm plans to raise US$1.2bn in IPO Kampala, Uganda | ISAAC KHISA | Uganda’s biggest telecom, MTN Uganda, is set to reveal its new growth plans and opportunities on Oct. 11 when it publishes its indicative price range ahead of the expected US$1.2billion initial public offering (IPO). MTN …

But businesses remain optimistic about the future Kampala, Uganda | JULIUS BUSINGE | Business sentiments in Uganda’s private sector remained positive but slow in September on account of new orders and higher output, according to the monthly Stanbic Bank Purchasing Managers Index (PMI). The headline PMI registered 52.5 in September …

Arua, Uganda | THE INDEPENDENT | Police in Arua are hunting for a group of thugs who broke into a moving cargo truck belonging to California Bus Services and made off with goods worth over Shillings 20 Million. The thugs reportedly timed the Fuso truck registration number UAJ 797M at …

Kampala, Uganda | THE INDEPENDENT | A directive by President Yoweri Kaguta Museveni to all government ministries, departments and agencies undertaking construction projects to use the UPDF Engineering brigade has raised concerns among professional engineers. In his July 1, 2021 letter, the president noted that projects were being delayed mainly …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA has disbursed close to sh100 million for the payment of volunteers under the Seven Hills Group for the month of August. Seven Hills surfaced in March 2021 at a time KCCA launched the smart city campaign, an initiative intended to …

Kampala, Uganda | THE INDEPENDENT | Uganda needs to incorporate guiding principles on business and human rights into the national investment regulatory frameworks to strike balance between the investor rights and the state, according to Jane Nalunga, the Executive Director at the Southern and Eastern African Trade Institute –SEATINI Uganda. Nalunga, who …

  Kampala, Uganda | THE INDEPENDENT | Following the successful completion of the separation of the business of Jubilee Insurance Company of Uganda Limited into separate general and medical insurance companies, executives from both sides said on Oct.05 in Kampala, they are proceeding to close Allianz Group purchase of a …

Kampala, Uganda | THE INDEPENDENT | The controversy between Crane Bank and Bank of Uganda seems to be coming to an end after businessman Sudhir Ruparelia secured an injunction against the Bank of Uganda’s move to place Crane Bank (in receivership) under liquidation. The court also barred the Central Bank from continuing …