Business

  Ugandan firms in fight against foreigners Uganda’s nascent oil and gas sector is entering an intense three-year development phase, or what everyone is calling phase II since it follows phase one of exploration. As excitement builds, so does anxiety. “I hope to approach this phase differently.  It is much …

There will be no more levying of direct taxes on individuals due to the cumbersome nature of collecting them. Finance Minister Matia Kasaija says government is now only looking at indirect taxes because they are easy for the government to collect. Kasaija told some journalists days before the budget was …

President Museveni: Procurement chaos is for making money not helping country Wakiso, Uganda| PPU|  President Yoweri Museveni has warned that the whole country is facing procurement chaos because the process benefits those bent on making money and not the country. He said huge resources are wasted in claims of procurement. …

President Yoweri Museveni has reassured the country that recent investments in infrastructure across the country is the right foundation needed for the country’s economy to boom again. “I am very optimistic because for the first time we have got a base which we have not had before,” Museveni said in his remarks …

LIVE: The Minister of Finance, Planning and Economic Development Matia Kasaija has read out a Shs29 trillion 2017/18 national budget for Uganda. Kasaija read the budget to parliament on behalf of President Yoweri Museveni. (READ FULL BUDGET HERE  click) Before that, the Minister of Works tabled the Civil Aviation Authority amendment bill 2017 …

COMMENT | By Amos Wekesa |  Towards the end of 2005, Uganda Wildlife Authority (UWA) called for expression of interest in running two rooms that existed in Kibale National Park and I thought since there was no indigenious Ugandans seriously running an accommodation inside a national park, I would give it …

Beijing, China | AFP | China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world’s number two economy, but there were warnings Beijing would struggle to maintain its momentum. The readings will come as a relief after a series of weak readings …

The Minister of Finance, Planning and Economic Development Matia Kasaija will today present the financial year 2017/18 national budget which is expected to hit Shs29 trillion up from last year’s Shs 26.3 trillion. Kasaija will read the budget to parliament on behalf of President Yoweri Museveni who will later comment …

Africa’s insurance industry need fewer players to offer better services-Zep Re CEO Hope Murera It is six months since Hope Murera was appointed the chief executive officer of the Nairobi based-Zep Re (PTA Reinsurance Company) that  is charged with the task of promoting trade, development and integration within the  Common Market …

Doha, Qatar | AFP |  Qatar’s state-of-the-art Hamad International bills itself as one of the most luxurious airports in the world — but on Tuesday, it was also one of the quietest. As a travel ban announced by Saudi Arabia, Bahrain, Egypt and the United Arab Emirates (UAE) came into …