Business

Kampala, Uganda | THE INDEPENDENT | Kenyans will pay more for paints, resins and shoe polish on increased cost of kerosene, putting pressure on housing and furniture costs. The country’s Business Daily reported on Oct. 11 that the imposition of 8% value added tax (VAT) and Sh18 adulteration fee per litre …

Kampala, Uganda | THE INDEPENDENT | Emirates airline has won the Aviation 100 ‘Middle East and Africa Airline of the Year’ accolade, awarded by Airline Economics magazine, it said on Oct.10. The Aviation 100 awards recognises the sector’s most outstanding performers as well as the most innovative and successful finance and …

Kampala, Uganda | THE INDEPENDENT | The government should work towards scrapping the 1% mobile money and Shs200 social media taxes in a bid to promote financial inclusion. This is the view of the Principle of Makerere University Business School, Prof. Waswa Balunywa. Balunywa, who was on Oct.08 speaking at a …

Kampala, Uganda | IAN KATUSIIME | It was a night of glory for Stanbic Bank when Samuel Fredrick Mwogeza, the Chief Financial Officer won top honours at the 2018 CFO Awards on Oct. 18 at a ceremony held at Kampala Serena Hotel. Mwogeza scooped the CFO of the Year and Strategy Execution …

London, United Kingdom | AFP | British former deputy prime minister Nick Clegg, a leading anti-Brexit advocate, said on Friday he would be starting a job at Facebook, as the US giant faces up to regulatory pressures. “I am delighted to be joining Facebook. After almost 20 years in European …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda starts their “20 years in Uganda” celebrations with a futuristic expo at Kololo on Friday. “Celebrating the past, inspiring the future”, is the theme of a six-month-long celebration campaign to mark the double decade milestone of MTN’s existence in Uganda. The expo …

Freetown, Sierra Leone | AFP |  It was a time for smiles and handshakes as the delegations from Sierra Leone and China Exim Bank sealed a loan to provide the impoverished West African state with a new airport. Just months later, the much-trumpeted Mamamah International Airport scheme, estimated to cost …

  Jinja, Uganda | THE INDEPENDENT | President Yoweri Museveni has said that government should focus on establishing joint ventures with foreign contractors for big infrastructure projects. Museveni, who addressed the public on Thursday after commissioning the source of the Nile Bridge in Jinja district, says that Ugandan engineers have …

  Kampala, Uganda | AFP |  Ugandan pop star turned opposition MP Bobi Wine on Wednesday accused police of blocking him from holding a much anticipated concert this weekend. In a letter seen by AFP, Uganda’s head of police operations said Wine, whose real name is Robert Kyagulanyi, was “advised …

  Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has said that the establishment of more factories that manufacture domestically consumed products, such as household ceramics and sanitary ware, will go a long way in saving the country foreign exchange on top of creating more job opportunities in the …