Business

MPs task government to explain “loss” of tax payers’ money through incentives to specific companies as sh524 billion supplementary budget is tabled Uganda Parliament’s Budget Committee has tasked the Ministry of Finance to explain to them as soon as possible why government chose to help pay huge taxes for profit making companies. …

Entebbe’s popular quick-casual and coffee-themed restaurant Café Javas at Victoria Mall will be closed for repairs after part of the ceiling board collapsed late on Wednesday night. No one was injured and the management of the chain issued a statement re-assuring customers. KnightFrank Uganda, the managers of Victoria Mall, also …

Lagos, Nigeria | AFP | A judge in Lagos on Thursday ordered Nigeria’s anti-graft agency to release one of several bank accounts frozen as part of an inquiry into the wife of former president Goodluck Jonathan. Patience Jonathan had filed a complaint against the Economic and Financial Crimes Commission (EFCC) in …

Palm Beach, United States | AFP | Donald Trump hosts Chinese President Xi Jinping at his sun-kissed Mar-a-Lago resort in Florida on Thursday, a high-stakes first summit replete with pitfalls for both leaders. The stage is set for a carefully choreographed dinners with family and displays of bonhomie, but beneath …

By eyeing government contracts, potentially game-changing policy locks out general public solidarity with business I have a confession to make. I love mangoes. They are as sweet to look at as they are sweet to taste. Whether arranged in the cool aisles of supermarkets, on neat stalls of town markets, …

Japheth Kawanguzi is the Team Leader at Innovations Village, an incubation hub for start-up businesses based in Kampala. He spoke to The Independent’s Ian Katusiime about the future outlook of start-ups in Uganda. What is your management philosophy? A US General, George Patton says ‘don’t tell people what to do …

Is the mandatory vehicle inspection exercise manned by multinational company, SGS worth it for Uganda?     With two months to the date of apprehending motor vehicles that have not gone through mandatory vehicle inspection exercise, only 5,000 units out of over 800,000 motor vehicles on the road have been inspected …

Johannesburg, South Africa | AFP | Credit rating agency Standard and Poor’s downgraded South Africa’s rating to junk status on Monday, as the country’s currency continued to slide following a controversial cabinet shuffle. “The executive changes initiated by President Zuma have put at risk fiscal and growth outcomes,” S&P said …

The Rwanda Revenue Authority (RRA) has become the third East African region country to commission the regional Electronic Cargo Tracking System (RECTS). After similar events in the recent past in Nairobi and Kampala, this completes the geo-fencing of the route from Mombasa to Kigali. The Independent talked to Richard Tusabe, …

BoU’s Mutebile leads call for export driven policy instead Amelia Kyambadde, the Minister for Trade, Industry and Cooperatives, has had a tough time selling her flagship policy plank, the `Buy Uganda Build Uganda’ (BUBU).   But the latest criticism against the policy came from the most unexpected voice; that of the …