Business

Kampala, Uganda | Julius Businge | Data from the Global Entrepreneurship Monitor (GEM) indicates that 28% of Ugandan adults own or co-own a new business. It adds that 10% start new business and 60% of those that are started do not live to celebrate their first birthday. Experts in this field say …

Moscow, Russia | AFP | Russia and Uganda have agreed to work together in the field of nuclear energy, the Russian nuclear agency Rosatom said Wednesday, as Moscow seeks to strengthen its influence in Africa. Russia’s state-owned companies have been at a key part of the strategy to bolster Moscow’s presence …

Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has advised smaller companies that cannot afford to hire expensive audit firms to prepare their accounts to make use of the cheaper auditors that the institute has certified. Stephen Ineget, the chairman of the Financial Reporting …

Azim Tharani, is the Managing Director for GoldStar Insurance Company Limited. He spoke to The Independent’s Julius Businge about industry opportunities Give a brief description of GoldStar Insurance services in Uganda? We were incorporated in 1994 but started business in 1996 when the industry was in its infancy stage by …

The Hague, Netherlands | AFP | Long criticized at home and abroad for being a haven for giant corporations, the Netherlands announced fresh measures Tuesday to crack down on tax breaks for multinationals. Business-minded Dutch Prime Minister Mark Rutte, leading a fragile coalition, is backing a proposal originally tabled by …

Kampala, Uganda | THE INDEPENDENT |  The African Export-Import Bank (Afreximbank) has announced the opening of registration for its 20th Afreximbank Trade Finance Seminar and Workshop, which will take place in Durban, South Africa, from 4 to 7 November 2019.  The seminar and workshop series, formerly known as the Structured Trade …

The arguments for are as varied as those against the minimum wage  Kampala, Uganda | PATRICIA AKANKWATSA | A fresh fight is looming between workers’ unions and representatives in Parliament and the government over new proposals to have a minimum wage law. President Yoweri Museveni returned the proposed Minimum Wage …

❇ Money paid in benefits up by 25% from sh360 billion to sh450 billion ❇ 17% growth in contributions collections from sh1.049 trillion to sh1.208 trillion ❇ Assets under Management up by 13.1% from sh9.98 trillion to sh11.3 trillion Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) members should expect …

Kampala, Uganda | THE INDEPENDENT |  President Yoweri Museveni has highly commended the private sector for their idea of supplementing government’s efforts in the development of both economic and social infrastructure. He said the two areas form the main core foundation of the country’s economy. The President was officially opening …

Africa is grappling with myriad environmental and climate challenges, from drought to loss of biodiversity, cyclones and plastics pollution. Africa Renewal’s Zipporah Musau spoke with the United Nations Environment Programme’s Deputy Executive Director, Joyce Msuya, on how African countries can mitigate some of these challenges and the opportunities ahead. What …