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Free Public Zone to be established at Entebbe Airport

    Entebbe, Uganda | THE INDEPENDENT | The Uganda Free Zone Authority (UFZA) has today handed over a five acre piece of land to National Enterprise Corporation (NEC), the commercial arm of the Uganda People’s Defence Force (UPDF), to embark on the initial phase of construction of a first …

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Bank of Baroda’s move for 2020

The lender will now focus on technology usage, human resource capabilities and credit earnings from agriculture, manufacturing sectors to drive growth Kampala, Uganda | JULIUS BUSINGE | Bank of Baroda Uganda Limited, a subsidiary of Bank of Baroda, India is focusing on investing in technology to offer efficient and timely …

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Businesses canceling planned investments

Majority of the respondents do not anticipate demand for their products to increase until after 2021 Kampala, Uganda | JULIUS BUSINGE | Several businesses are cancelling planned investments as a measure to survive the negative economic impact caused by COVID-19 pandemic, according to a new report published by the Institute …

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NWSC starts mega water project in Gulu City

    Gulu, Uganda | THE INDEPENDENT | Government through National Water and Sewerage Corporation (NWSC) has started construction of a Gulu Water Supply and Sanitation project to serve over 341,000 people in Gulu, Karuma, Kamdini, Minakulu, Bobi, Palenga, Koro- Abili and the surrounding areas. The new project will draw water …

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No tax relief for retrenched workers

URA’s legal win means benefits will be subjected to PAYE Kampala, Uganda | JULIUS BUSINGE | It is now official that workers who will be paid benefits as a result of retrenchment will be subjected to Pay as You Earn tax – which is 30% of the total earnings. This …

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Lockdown sparked leap in electronic banking transactions

Kampala, Uganda | THE INDEPENDENT | The financial sector recorded a big jump in electronic transactions over the last year boosted by the lockdown that was induced by the COVID-19 pandemic, according to sector players. The economy was largely shutdown in March with the government banning most activities like public …

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Burundi’s Ndayishimiye visits Tanzania

Kigoma, Tanzania | THE INDEPENDENT | Burundi President Gen. Evariste Ndayishimiye has today paid a one-day visit to neighboring Tanzania, where he held talks John Pombe Magufuli. It is Ndayishimiye ‘s first visit abroad since taking over power from Pierre Nkurunziza who passed away in June soon after the elections. The …

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