Business

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has commissioned the iconic Uganda Revenue Authority (URA) Tower, with a call on the on the institutions in Government to renew their strength towards fulfilling their main mission which is to see the economy grow. “Your role is to assist the …

Paris, France | AFP | During the years of ultra cheap money, companies loaded up on debt but now the concern is whether they will be able to handle the mountain of debt as interest rates rise. Until last year, companies basked in the sun of low interest rates while …

Tax body to save Shs3.8bn annually upon completion of the project Kampala, Uganda | THE INDEPENDENT | The newly constructed 23-floor Uganda Revenue Authority headquarters at Nakawa that President Yoweri Museveni will commission today, is designed as a one-stop centre to boost tax collection. Constructed in a record four years, the project will converge …

      Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender African Export-Import Bank (Afreximbank ) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy. The …

New generations could trigger a drop in tariffs Kampala, Uganda | JULIUS BUSINGE | Uganda government is expected to commission Isimba and Karuma hydropower dams this year as one big step towards boosting the elec¬tricity supply in the country. The commissioning of the two hydro¬power plants with a combined capacity of …

Kampala, Uganda | THE INDEPENDENT | Pan African insurer, African Trade Insurance Agency, is now supporting trade and investments equivalent to 1 – 2 % of the annual Gross Domestic Product flowing into its African member countries, and 2018 also saw a doubling of the company’s exposure from US$2.4 billion in …

Four things African governments need to get right Kampala, Uganda | FOLASHADE SOULE | You don’t negotiate with China!” I was quickly told when I started interviewing African public servants about their infrastructure deals with Beijing. There is a widespread view in Africa that you accept whatever terms are offered, for fear that …

Abidjan, Ivory Coast | AFP | Africa’s strong growth will accelerate in 2019 but fail to roll back high unemployment and poverty, the African Development Bank (AfDB) said Thursday. The continent’s gross domestic product expanded by 3.5 percent in 2018 after 3.6 percent in 2017 and should reach 4.0 percent …

Local traders claim foreign nationals involved in petty trade remains a headache Kampala, Uganda | ISAAC KHISA | Following the unexpected past bad year for businesses, there is a good chance that this could be reversed sometime this year, some analysts say. Their hope is that the economy, which has shown signs of …

But will oil companies pump money into key infrastructure projects to meet new first oil timeline? Kampala, Uganda | RONALD MUSOKE | Uganda’s oil and gas industry is expected to rake in investments worth over US$ 1 billion this year,according to senior energy ministry officials. The outlay for this year is part of …