Business

Researches, experts say there is limited evidence to show these offers attract investors Kampala, Uganda | PATRICIA AKANKWATSA | Tax incentives are part of Uganda government’s top priorities for attracting foreign investors and new businesses. From prospective investments in agribusiness to hospitality, and from steel to textile industries, tax incentives …

Kampala, Uganda | THE INDEPENDENT | Uganda risks losing sh300 million every day if there are any delays in the Kampala Flyover Project that started last month. The sh224 billion project, undertaken by Japan International Cooperation Agency (JICA) involves the construction of flyovers at the Clock Tower, and at Kitgum …

  Kampala, Uganda | THE INDEPENDENT | Both parliament and the executive can’t take any unilateral decision on the administration of Uganda Telecom Limited (UTL), Speaker of Parliament Rebecca Kadaga has ruled. She made the ruling during plenary on Tuesday in response to last week’s request by Aringa South MP, …

Kampala, Uganda | THE INDEPENDENT | Truck drivers are to undergo a refresher driving course in the next two months as one of ways of minimizing accidents, Baylon Kinene, the Chairperson of the Regional Lorry Drivers and Transport Association (RLDTA) has revealed. Kinene told Uganda Radio Network (URN) in an …

Beijing, CHINA | THE INDEPENDENT |  President Yoweri Museveni has lashed at the World Bank for telling Uganda that countries that “build railways use own money.” He said that such a statement from an economist that purports to support Africa’s transformation through private-sector led growth shows that some actors are …

It is pro-growth, pro-poor; what is important is pushing for its effective implementation Kampala, Uganda | JULIUS BUSINGE | On June 13, Minister for Finance, Planning and Economic Development, Matia Kasaija, delivered the Shs40trillion National Budget for the Financial Year 2019/2020 under the theme “Industrialization for job creation and shared …

Money sent home by migrant workers from abroad across the globe is projected to record a 4% growth this year, hitting the US$550bn mark compared with US$529bn recorded in 2018, according to the latest statistics from the International Fund for Agricultural Development (IFAD). Kampala, Uganda | RONALD MUSOKE | Remittances …

Moscow, Russia | ISAAC KHISA | Africa and Russia must harness their immense resources to foster a greater economic future for their people, the chairman of the Government of the Russian Federation, Dimitri Medvedev said in Moscow, Russia. Medvedev, who was speaking during the Annual General Meeting of Shareholders of …

Beijing, China | THE INDEPENDENT | President Yoweri Museveni has left for a four day working visit to China, where he will attend the China-Africa Economic and Trade Expo and meet President Xi Jinping. Museveni has on several occasions hailed China’s financing of infrastructure development in Africa, saying it will fast …

  Katuna, Uganda | THE INDEPENDENT | The 12 days that Rwanda had said it would open its Katuna border with Uganda to test how heavy vehicles will pass through their newly constructed structures, elapsed quietly on Saturday. On June 10, Rwanda Revenue Authority-RRA announced it was opening the border …