Business

The Inga 3 dam is expected to generate 4,800 megawatts of power, equivalent to the output of three third-generation nuclear reactors. Kinshasa, DR Congo | AFP |  The Democratic Republic of Congo said Tuesday it has asked Chinese and Spanish bidders of a colossal dam project to join forces and …

Harare, Zimbabwe | AFP |  Zimbabwe has banned the import of corn after enjoying a bumper crop that authorities hope will be enough to feed the nation and stimulate home-grown production, state-owned media reported Tuesday. Zimbabwe was once known as the “breadbasket” of Africa for its fertile land and modern …

Madrid, Spain | AFP |  Spanish prosecutors on Tuesday accused Real Madrid star Cristiano Ronaldo of evading 14.7 million euros in tax through offshore companies, the latest footballer to fall foul of fiscal authorities. The 32-year-old — the world’s highest paid athlete according to Forbes magazine — follows in the …

  Uganda’s banking industry has been announced best in external corporate communications aimed at enhancing the image of companies, in their pursuit for business growth. Banking is ranked number one ahead of six other industries whose external corporate communications has been measured and evaluated in the first Corporate Publicity Index …

The Institute of Certified Public Accountants of Uganda (ICPAU) has committed to make any contribution that is necessary to ensuring effective implementation of the coming budget for the FY2017/2018. Derik Nkajja, the chief executive officer of the ICPAU said accountants are partners in the budget making process and cannot run …

He promises to invest more in the one-stop shops Gilbert Assi has been unveiled as the managing director of Vivo Energy Uganda and replaces Hans Paulsen, who has been promoted to a new senior role in the Vivo Energy Group. Assi, an Ivorian national with over 20 years experience has …

Nairobi, Kenya | AFP |  Fraud in the mining sector since 1998 has cost Tanzania 75 billion euros ($84 billion), an investigating commission said Monday, blaming foreign companies failing to declare revenues. The conclusions of the study, conducted by Tanzanian economists and legal experts and seen by AFP, were approved …

  Geneva, Switzerland| MIN OF GENDER L S| Uganda has been voted onto the governing body of International Labour Organisation for the period 2017-2020. This election  by the 106th International Labour Conference in Geneva  on Monday  June 12, 2017 follows Uganda’s earlier nomination by the Africa Group at the African Union …

Kasaija asks for greater involvement by all Ugandans in implementing new budget   Finance Minister, Matia Kasaija has urged all Ugandans to roll up their sleeves and make a contribution towards the smooth implementation of the Shs 29 trillion budget for financial year 2017/18. He said in future, the Ministry …

Recently, Uganda hosted members of the World Customs Organisation (WCO) hailing from 24 countries of East and Southern Africa (ESA) for a two-day 22nd governance council to discuss matters tax administration. The Independent’s Julius Businge jointly interviewed the organisers – WCO Secretary General Kunio Mikuriya and Uganda Revenue Authority Commissioner General …