Economic experts warn that it is too early to celebrate the performance Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has recorded a surplus in revenue collection for the first quarter of the Financial Year 2020/21 amidst the coronavirus pandemic but economic experts warn it is too early to …
Read More »Over 2500 persons affected by Aswa hydroelectricity project face eviction
Pader, Uganda | THE INDEPENDENT | At least 2,500 people occupying six villages in Angagura Sub County in Pader District are facing eviction to pave way from the Aswa Hydroelectricity Project. The affected villages include among others Burlobo with 716 people, Biira 380, Lubala 556, Koyo 360, Pungole 450 and Pabit …
Read More »Police arrest 25 Tororo vendors tyre burning during demo
Tororo, Uganda | THE INDEPENDENT | Police in Tororo district are holding 25 vendors who were arrested for allegedly staging illegal demonstrations in Tororo town. The vendors closed their lock ups in demands for the proper management of the park including payment of utilities, among others. The 25 vendors were arrested …
Read More »Tough times for Africa’s upstream oil and gas
How is the Covid-19 pandemic impacting investment in large-scale oil and gas developments in sub-Saharan Africa? Ian Lewis sees tough times ahead Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with …
Read More »Tax incentives induced by COVID-19 may be futile -NGOs
Kampala, Uganda | THE INDEPENDENT | The business community might have to forget the tax incentives that the government offered them to mitigate the effects of the COVID-19 pandemic on their businesses, as there is no necessary legislation to enable their enforcement. The 2020/2021 budget was delivered under the theme: …
Read More »Ham vs DTB court ruling
Experts warn of dire consequences for the private sector, government in relation to access to capital Kampala, Uganda | RONALD MUSOKE | Capital inflow in form of loans is big business in Uganda. In both the private and public sectors, loans secured from foreign investors boost service delivery, improve people’s …
Read More »Fort Portal Mugurusi road green belt given to fast food company
Fort Portal, Uganda | THE INDEPENDENT | Fort Portal Tourism City authorities have allocated the green belt along Mugurusi road to Every Body’s Kitchen – EBK, a fast food company. There has been speculation from various people over the past week that the city authorities had sold the green belt to …
Read More »Covid19 delays completion of Busia modern market
Busia, Uganda | THE INDEPENDENT | The COVID19 pandemic has delayed the completion of Busia Modern Market. The Shillings 24 billion market construction that is being undertaken by Zhanghao-Zhongeng joint ventures was expected to be completed by April 30th, 2020. However, the project Engineer Enoch Luwabo says construction work …
Read More »Uganda’s addiction to borrowing
Why our country continues to take more and more loans and what this means for the economy THE LAST WORD | ANDREW M. MWENDA | Uganda is at a crossroads. Early this year, government passed a budget of Shs32 trillion for the 2020/2021 Financial Year. It also projected to collect …
Read More »Chinese, Ugandans fight over Karuma Dam
Museveni accused of switching sides Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest power project, the 600MW Karuma Hydropower Dam on River Nile, appears to be in trouble amidst allegations of shoddy works, breached contracts, verbal fights, and even accusations of sabotage. In the fight, the Chinese contractors, Sinohydro Corporation …
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