Business

Kampala, Uganda | Julius Businge | Women of Uganda working in markets play an important role in moving the economy and catering for family basic needs. This is one basis that people advocating for improved working conditions for women in markets are fronting. Speaking at the 4th National Women Market Symposium …

Kampala, Uganda |  THE INDEPENDENT |  The Petroleum Authority and Uganda Bureau of standards have signed a memorandum of understanding (MOU) to collaborate in ensuring standards in oil and gas sector. The two bodies in a memorandum signed on Thursday agreed to cooperate in promotion of national standards, testing in verification …

COMMENT |  Bijoy Varghese | Amidst the Covid-19 pandemic, there has been a phased reopening of schools in Uganda, beginning with candidate classes. This offers an opportunity to look at all factors needed to ensure the re-opening goes according to plan, including their nutrition, given the nature of the disease …

Kampala, Uganda |  THE INDEPENDENT |  Manufacturers, importers and distributors have accused the Uganda National Bureau of Standards – UNBS of applying the laws selectively, which they say, promotes unfair competition in the economy.  This comes as UNBS prepares to launch enforcement of the new requirements for the sale and labeling …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has partnered with the United Nations and other funding agencies to create an enterprise fund that will provide low-cost financing for informal sector businesses to enable them recover from the impact of the COVID-19 pandemic. Dubbed the Economic Enterprise Restart fund (EERF), it will aim to …

  Johannesburg, South Africa | THE INDEPENDENT |  The e-Conomy Africa 2020 report released today by Google and the International Finance Corporation (IFC), estimates that increased access to faster and better quality internet, and Africa’s commitment to creating the world’s largest single market under the African Continental Free Trade Area, …

Kampala, Uganda |  THE INDEPENDENT |   The banking sector is advising investors and other private sector borrowers to re-think their investments and investment plans because the attractiveness of investments to credit has been highly affected by the COVID-19 pandemic.       The pandemic scared lending institutions away from the private …

The taxman had expected to collect Shs42.5bn in principal and penal tax from NSSF contributors Kampala, Uganda | JULIUS BUSINGE | It became official on Nov. 02 that the National Social Security Fund will not be remitting income tax to Uganda Revenue Authority on the interest rate that it pays …

Technology, network expansion and investments in a new pole plant will drive revenues up going forward, executives say | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited has reported a sharp rise in revenue from Shs54bn in FY2017/2018 to Shs70bn in FY2018/2019 citing increased electricity network in rural areas. Paul …

Kampala, Uganda | THE INDEPENDENT | The financial sector leaders have chosen to strengthen regulation to grow the stock market as opposed to relaxing rules to attract companies to listing shares. They say strong regulation of the sector gives confidence to serious investors that their investments will be safe while relaxing …