Business

Kampala, Uganda | THE WORLD BANK| Improving tax revenue is essential to sustaining economic growth in Uganda, according to a recent economic analysis for the country. The Uganda Economic Update, Financing Growth and Development: Options for Raising More Domestic Revenues, says that while economic growth has rebounded from 4.5% to 5.5% …

Gov’t could lose nearly Shs200bn annually; thousands of jobs at risk Kampala, Uganda | JULIUS BUSINGE | Supporters of a ban on import of cars older than eight years would be much happier if the current law, The Traffic and Road Safety Act, 1998, is amended. But opponents, however, say it …

Nigeria, China in currency swap Kampala, Uganda | THE INDEPENDENT | In a signing ceremony that took place in Beijing China, the Central Bank of Nigeria and the Peoples Bank of China agreed to a currency swap worth $2.5billion to make trade between the two countries easy. International reports say the move …

Kampala, Uganda | THE INDEPENDENT | China International Water and Electrical Corporation (CWE), the contractor of the 183MW Isimba Hydro power project is refurbishing old structures of Mbulamuti Primary School found in Kamuli district a few kilometers away from the site where dam construction is taking place. Speaking at the …

Kampala, Uganda | THE INDEPENDENT | Another lucky winner, Geofrey Madira from Arua joined previous winners in the ongoing Under The Crown Promotion dubbed ‘Samba Ne Coca-Cola’ promotion by winning Shs 10 million, the company said in a May 4 notice. “I am so grateful,” Madira said upon receiving the …

Kampala, Uganda | THE INDEPENDENT | The Nile Breweries Limited dream is Zero Injuries across its operations. To achieve this, the company has launched a Safety App called AB InBev SAFETY. The App, developed as a tool for risk identification and mitigation to prevent injuries and recognise safe behavior in …

  Tororo, Uganda | THE INDEPENDENT | As new factories rush to open shop in Tororo, power distributor Umeme has said it is making the requisite preparations in investments in anticipation of the projected increase in demand. Umeme has invested up to $3.88m (about sh14b) into setting up a new …

Entebbe, Uganda | THE INDEPENDENT |  The MV Kalangala which makes voyages between Lutoboka (Kalangala) and Nakiwogo (Entebbe) on May 9 resumed operations after a month docked for mandatory checks. The Ministry of Works and Transport and Nation Oil Distributors Ltd the operators of the only vessel plying the Kalangala-Entebbe …

Kampala, Uganda | THE INDEPENDENT | The new Uganda Revenue Authority (URA) Sh139 billion headquarters that is close to completion at Nakawa will significantly reduce the cost of doing business for taxpayers through provision of a modern one-stop-service-centre. “The overall objective of the project is to provide infrastructure for better …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda recorded a 3.1% rise in subscribers to 10.8million in the first quarter ending March 2018. The increment in subscribers for the first three months ends two consecutive quarters of falling customer numbers. The improved subscriber figures also contributed to an increase in …