Business

The International Monetary Fund (IMF) expects Uganda’s gross domestic product growth to record anywhere between 3.5%-4% in FY2016/17, lower than 5% that had earlier been projected. This was announced on Tuesday by Axel Schimmelpfennig, the head of IMF mission that visited Kampala, Uganda from May 2-15, 2017 to conduct the …

Tax waiver on brown rice is meant to reduce its price from Shs 4,500 to Shs 3,000 per kilogramme The good news for rice consumers in Uganda is that if the Ministry of Finance, Planning and Economic Development sticks to its guns to have unprocessed rice commonly known as “brown …

VIDEO: URA explains vehicle registration taxes Motor Vehicle and motorcycle registration fees have for years been a subject of debate, with importers of cars and other properties accusing the tax body of taxing them highly. But the Uganda Revenue Authority Assistant Commissioner field services Stephen Magera, blames their tax burden …

Beijing, CHINA | PSCU| China’s vision of an interconnected world with enhanced trade supports the African desire for shared prosperity, Kenya’s President Uhuru Kenyatta has said. Kenyatta, who spoke during a roundtable summit of Heads of State and Government held at the Yanqi Lake Conference Centre, said Africa stands a chance …

Joseph Nkandu is the executive director of National Union of Coffee Agribusiness and Farm Enterprises (NUCAFE). He spoke to the Independent’s Agnes E Nantaba about the future outlook of Uganda’s coffee industry. What are the key elements in your management philosophy as a manager? My leadership style is more of …

Beijing, China | AFP |  Chinese President Xi Jinping criticised protectionism on Monday at a summit positioning Beijing as a champion of globalisation, but several European nations spoilt attempts to win full backing for his trade agenda. Xi addressed almost 30 leaders on the second day of a forum on …

Experts commend move to protect bankrupt telco’s assets but say it needs a business plan that works Business at Uganda’s oldest and troubled telecom company, Utl, took another twist when the government on April 28 announced it has finally put it under provisional administration. The government, which recently took over …

Beijing, China | AFP |  China was basking in praise Monday for its new Silk Road even as some countries raised concerns over the project seen as boosting Beijing’s global clout on trade and geopolitics. Almost 30 world leaders are attending a two-day summit promoting China’s One Belt, One Road …

Kenya set to gain from China’s Sh15 trillion budget for Silk Road Beijing, CHINA | PSCU|  Kenya expects to get significant funding from China for major infrastructure projects which are part of the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiative. The hopes of Kenya and other …

Uganda National Roads Authority (UNRA) will from Monday morning start clearing illegal structures and markets located on their reserves along national roads, beginning with Kampala-Entebbe road. “UNRA will commence enforcement action to reorganize road reserves. Exercise kicks off tomorrow starting with road side vendors at Kibuye,” a source at UNRA …