Escalating tax arrears likely to hurt service delivery, CSOs warn Kampala, Uganda | THE INDEPENDENT | Civil Society Organizations (CSOs) have expressed concern over the growing tax arrears worth Sh2.7 trillion which government has failed to pay on behalf of contractors. Regina Navuga, a program officer at Southern and Eastern …
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New tax sees company’s sales for affordable brands drop by 30 percent Kampala, Uganda | JULIUS BUSINGE | Beer maker, Uganda Breweries Limited, saw its revenue surge amidst a sharp decline in sales for affordable brands for the half year ended December 2018. The company’s financial statements released on Feb. …
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Kampala, Uganda | THE INDEPENDENT | The price of inputs in the construction sector went up by 2.0 percent for the year ending in January 2019 compared to 1.5 increase of the year that ended in January 2018. This is according to the construction sector indices released by Uganda Bureau …
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Kampala, Uganda | JULIUS BUSINGE | Insurance broker Minet Uganda Limited in partnership with AON from the United Kingdom, conducted an oil and gas training aimed at equipping insurers with knowledge about oil and gas risks. Around 40 insurance industry executives attended the workshop at Sheraton Kampala Hotel, the company said in …
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Kampala, Uganda | THE INDEPENDENT | International Medical Centre’s growing list of branches has extended to Kireka, on Jinja Road just outside Kampala City. The facility that opened today, will provide specialized and general medical services to residents of Kireka and surrounding areas of Kira Municipality. IMC Kireka is part of the …
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Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …
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Mazima Retirement Plan was in 2016 granted an operating licence by the industry regulator, Uganda Retirement Benefits Regulatory Authority (URBRA). The company’s CEO Livingstone Mukasa spoke to the Independent’s Isaac Khisa about the progress registered in promoting voluntary retirement plans targeting informal sector and the opportunities that lies ahead. Two …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament have tasked government to explain why they have decided to fund an investor to construct an international specialized hospital. Government plans to guarantee a loan of $ 379 million to an investor for the construction of an International Specialized Hospital …
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Back to the drawing board: UTL’s prospective investor fails to raise capital, but the good news is that the company is yet to accrue new debts Kampala, Uganda | JULIUS BUSINGE | Ugandan government is back to the drawing board to identify a new prospective investor to take over 69% …
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Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …
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