Business

Kampala, Uganda | THE INDEPENDENT  |  Victims of Dunamiscoins Resource Centre Ltd, a blacklisted cryptocurrency exchange have petitioned parliament, in a fresh push for compensation for monies lost in the scam.  These were part of the thousands of Ugandans who lost their money to the exchange which was operating a money …

Rubanda, Uganda | THE INDEPENDENT  |  The high cost of land in Rubanda district is scaring away investors. According to authorities, the cost of land in Rubanda shot up when it became an independent district in July 2016 after being curved from Kabale. Some of the areas where the cost of …

Kampala, Uganda | THE INDEPENDENT  | Former employees at Dunamiscoins Resource Centre Ltd, a blacklisted cryptocurrency exchange have hinted that security agencies opted for soft targets in the scam that saw thousands of Ugandans lose billions in deposits. Dunamiscoins was operating a money lending business with branches in Masaka, Ndeeba, Mbale, …

London, United Kingdom | AFP | Prime Minister Boris Johnson on Tuesday challenged US opponents of Britain’s potential decision to let China’s Huawei telecoms giant develop its 5G network to come up with a better choice. Johnson’s comments came one day after a US delegation arrived in London for a …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) Commissioner General Doris Akol has called for the amendment, and in other cases abolition of several tax laws, including the OTT (Over-the-top media service). She has also called for an amendment of the Tax Procedure Act to allow for installment …

Isimba and Karuma power stations are expected to boost its earnings Kampala, Uganda | JULIUS BUSINGE | Officials at Uganda Electricity Generation Company Limited (UEGCL) are hoping to record improved performance after posting the first net profit in 18 years. The company reported at the end of last year that …

But 2021 general election might affect pace of growth Kampala, Uganda | ISAAC KHISA AND PATRICIA AKANKWATSA | Companies, businesses and ordinary folks are cautiously optimistic that 2020 will be a better year though projections point to a rough business terrain owed to the much anticipated competitive 2021 election campaigns. …

Kampala, Uganda | THE INDEPENDENT  |  Uganda’s oil sector is dominated by political interference, with many players forced to have the president’s say before making any important decisions, researchers have said.   Writing a chapter in a recently published book on Uganda’s oil sector, Dr Badru Bukenya, an academic at Makerere University …

 Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …

Kampala, Uganda | THE INDEPENDENT | Uganda’s oil sector is dominated by political interference, with many players forced to have the president’s say before making any important decisions, researchers have said. Writing a chapter in a recently published book on Uganda’s oil sector, Dr Badru Bukenya, an academic at Makerere …