Business

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Tough budget: What finance experts say about Shs45.4tn, debt, taxes THE LAST WORD The trouble with URA: Why Museveni’s focus on corruption as the biggest problem of tax administration misses the big picture …

Rome, Italy | AFP |  EU leaders are set to join Italian Prime Minister Giuseppe Conte on Saturday for talks on jumpstarting the nation’s economy, but opposition figures shunned the hastily organised — and roundly criticised — initiative. Despite a bevy of A-list political speakers, Italians such as far-right leader Matteo …

Paris, France | AFP | While lockdowns undoubtedly avoided large numbers of deaths from the new coronavirus, the repercussions of the pandemic response are expected to blight economies and health systems long after restrictions are lifted. So how can we quantify the costs and benefits of one of the largest public …

                                                    Kampala Uganda | THE INDEPENDENT | With Uganda easing the lockdown restriction on the hospitality sector, Sheraton Kampala Hotel which opened its doors early …

  Budget 2021 summary ✳ Resource envelope Sh45.5 trillion ✳ Revenue Sh21.8 trillion ✳ Uganda GDP Sh138 trillion ✳ Uganda GDP rate +3.1% ✳ Electricity output 1254MW ✳ Paved roads 5600km ✳ National IT backbone, 49 districts ✳ Internet bandwidth $70/Mbps ✳ UDB sh1 trillion injection ✳ Domestic arrears pay 673bn …

  #UGBUDGET20 ✳ Sh45.5 trillion ✳ Cuts on travel, conferences ✳ Security Sh4.5 trillion ✳ Works Sh5.8 trillion ✳ Govt to borrow Sh11trillion ✅ 2020 – Sh45 trillion ✅ 2019 – Sh40 trillion ✅ 2018 – Sh32 trillion ✅ 2017 – Sh22 trillion ✅ 2016 – Sh20 trillion Kampala, Uganda …

Kampala, Uganda| AFP |  THE INDEPENDENT |  The Civil Aviation Authority (CAA) has said it has lost atleast 534 million shillings daily due to the lockdown of Entebbe Airport. According to the CAA Deputy Executive Director Fred Bamwesigye, on a daily, before April 2020, they were generating revenue of between 16 …

#UGBUDGET20 ✳ Sh45.5 trillion ✳ Cuts on travel, conferences ✳ Security Sh4.5 trillion ✳ Works Sh5.8 trillion ✳ Govt to borrow Sh11trillion ✅ 2020 – Sh45 trillion ✅ 2019 – Sh40 trillion ✅ 2018 – Sh32 trillion ✅ 2017 – Sh22 trillion ✅ 2016 – Sh20 trillion Kampala, Uganda | …

Kampala, Uganda | THE INDEPENDENT | As the country slowly emerges from a two-months lockdown, there is now a sense among business leaders that things might be getting better according to a survey sponsored by Stanbic Bank. The Purchase Managers Index (PMI) rose to 41.9 points in May from the …

Pearl Dairy resumes milk processing  THE INDEPENDENT | JULIUS BUSINGE | Pearl Dairy Farms Limited has resumed operations after nearly four months of no activity. The company had suspended milk processing until further notice at the beginning of the year (2020) after Kenya blocked the entry of its processed milk …