Business

Luwero, Uganda | THE INDEPENDENT | Poultry farmers in Luwero have sold off part of their chicken and others have quit business over the high costs of the feeds. In Luwero town, the price of broken maize is now at sh1,800-2,000 from sh1,200 whereas maize bran is at sh900 from …

Kampala, Uganda | THE INDEPENDENT | Experts have cautioned Uganda and other East African countries to go slow on the implementation of taxation of digital services. This comes as the countries prepare to join 133 others around the world to implement the Digital Services Tax (DTS) in line with the …

Kampala, Uganda | THE INDEPENDENT |  ICEA LION Life Assurance Company (U) Ltd has announced the introduction of the ICEA Annuity Plan for retirees and those nearing retirement. The ICEA Annuity plan guarantees the holder a regular stream of income for life after retirement. The ICEA Annuity plan allows the holder …

Tehran, Iran | Xinhua | Iran’s chief banker said the U.S. dollar will be gradually eliminated from Iranian-Russian economic transactions, the official news agency IRNA reported on Thursday. The trade volume between Iran and Russia stood at 4 billion U.S. dollars, which can be conducted through the Iranian currency rial and …

Kampala, Uganda | THE INDEPENDENT | Marketing and Media outfit Evolve Africa has announced the return of the Uganda Marketing Excellence Awards edition slated for Friday 25th November 2022. This follows a successful online edition held end of last year where 10 winners were awarded. The Uganda Marketing Excellence Awards are back …

Abuja, Nigeria | Xinhua | Nigeria has transformed the state-run Nigerian National Petroleum Corporation (NNPC) into an independent and limited liability firm, about 45 years after the creation of the national oil corporation. The move is part of the ongoing reform of the country’s oil industry, heralded by the Petroleum Industry …

COMMENT | Samson Tinka |  As of 14th July  2022, fuel pump prices were racing towards a record sh7,000 per litre in Kampala as the fear of disruption to the supply of fuel increased across the country. The timing could not have been worse for the architects of the Parish Development …

Kampala, Uganda | THE INDEPENDENT | The African Startup League, a partnership built around blockchain technology seeks to empower 10,000 African-owned enterprises, which will compete for a grand prize of $1,000,000. Under this umbrella, three digital platforms Humanity Node Protocol (HNP), Web3Africa and Adanian Labs have allied to build African innovation. …

Full implementation of the African Continental Free Trade Agreement (AfCFTA) could increase FDI by up to 159%, with positive impacts for trade and incomes | CHARLES DIETZ | Reforms set in motion by the implementation of the African Continental Free Trade Area (AfCFTA) could lead to a rise in foreign direct …

Commissioner General John Musinguzi outlines ways of hitting this target | THE INDEPENDENT | Uganda Revenue Authority Commissioner General John Rujoki Musinguzi has outlined his plan that will make it possible for him to achieve the Shs25.1tn target for FY2022/23 set by the Minister of Finance Planning and Economic Development. …