Entebbe Uganda | THE INDEPENDENT | Operators in the Aviation industry in Uganda, Ethiopia and Qatar are partnering to train Ugandan students in basic aviation operations and service delivery. The partnership has been sealed at Entebbe Airport on Sunday morning. The Aviators in the two countries will train Ugandan students in …
Read More »Hima Cement and Xente in Partnership
NEWS BRIEFS: Hima Cement on October 21st announced a partnership with Xente Tech Ltd, a Payments, Ecommerce & Financial Services Company to ease online shopping of Hima and bonastore range of products. Xente is an online app offering digital products like Airtime, bill payments, movie, event & bus tickets and …
Read More »Prayosha enterprises limited open tempered glass plant
NEWS BRIEFS: Prayosha Enterprises Limited last week launched a tempered glass plant the first ever in the East Africa. The minister of state for trade and cooperation Werikhe Gafabusa launched the state of the art tempered glass plant at Mutundwe in Kampala. He lauded the directors for choosing …
Read More »Attorney General files defense in case against Ugandan labour export firms
Kampala, Uganda | THE INDEPENDENT | The Attorney General has commenced defense in the case in which the government was sued for authorizing the operations of 143 labor export firms. In August, city lawyer Ivan Bwowe sued the Attorney General and 143 labour export firms under their umbrella Uganda …
Read More »Uganda reviewing double taxation agreements to stop tax leakages
Kampala, Uganda | THE INDEPENDENT | Uganda has started revising double taxation agreements it has with developed countries to plug tax loopholes that many corporations have been using to evade taxes. Double taxation agreements govern which country has the right to tax corporate profit when a company has subsidiaries …
Read More »Liberian central bank governor resigns
Monrovia, Liberia | AFP | Liberian central bank chief Nathaniel Patray has resigned, the president’s office said Friday, after a year of controversy over his handling of the country’s monetary policy. Liberian President George Weah “has accepted the resignation of Central Bank of Liberia (CBL) Governor, Nathaniel R. Patray,” a …
Read More »African tax administrators to discuss ways to tax digital economy
Kampala, Uganda | THE INDEPENDENT | Puzzled by difficulty of taxing the digital economy, African revenue collectors will sit in Kampala next month to discuss how best they can squeeze revenue from the business that run mostly on the internet. Through their umbrella African Tax Administration Forum (ATAF), the leaders from …
Read More »Russian soft power on display at Africa summit
Sochi, Russia | AFP | Aboubakary Guiro, a financial expert from Ivory Coast, is full of hope after attending the first ever Russia-Africa summit this week in the Black Sea resort of Sochi. “We forget about Russians when we talk business,” said Guiro, the co-partner of a financial advisory …
Read More »Collective investment scheme assets hit Shs173bn
The industry still grapples with limited awareness, inadequate skilled labour Kampala, Uganda | ISAAC KHISA | Assets held in Collective Investment Schemes (CIS) that includes savings and credit cooperative societies, local individuals, investment clubs, institutional investors and local companies in Uganda, has increased sharply over the last six years …
Read More »Households’ production of millet, beans falling – UBOS
Kampala, Uganda | THE INDEPENDENT | Farming households in Uganda are increasingly staying away from growing millet and beans, with the yields of both crops dropping since 2008, Uganda Bureau of Statistics has shown. Instead, the households are turning to cassava, maize, and bananas. These revelations are contained in the annual agricultural …
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