Tag Archives: Business

Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) has signed an agreement with the African Guarantee Fund (AGF) for a US$30 million re-guarantee facility to support African small and medium-sized enterprises (SMEs) in the trade value chain to access funds for their activities. Gwen Mwaba, the director for …

The Hague, Netherlands | AFP | US internet giant Google used a legal mechanism to transfer almost 20 billion euros from the Netherlands to Bermuda in 2017 for tax purposes, a Dutch newspaper report said Friday. Google, which is owned by US parent company Alphabet, moved 19.9 billion euros ($22.7 …

Kampala, Uganda | THE INDEPENDENT | Credit in shillings to the private sector has grown significantly from about four percent to 18.5 percent in 2018, according to the Bank of Uganda. The executive director research and policy Adam Mugume says people are borrowing more shilling-denominated loans than dollar-denominated ones because of …

Mutukula, Tanzania | THE INDEPENDENT | The Tanzania government has agreed to give clearance to businessmen exporting agricultural produce and sugar from Uganda. The agreement was reached on Wednesday in a meeting between the Minister of Trade for Uganda Amelia Kyambadde and Joseph G. Kahinda, the Minister for Industry, Trade …

Kampala, Uganda | THE INDEPENDENT | Deals valued at US $32.6 billion were recorded at the inaugural week-long Intra-African Trade Fair (IATF) which ended in Cairo on December 17, 2018, according to preliminary figures released by the African Export-Import Bank (Afreximbank). Afreximbank, which organized the trade fair in collaboration with the …

Kampala, Uganda | THE INDEPENDENT | Foreign investors should be stopped from operating retail businesses. The call was made by Lango Parliamentary Group, a loose coalition of legislators from Lango sub region following a public meeting held at Uganda Technical College in Lira town on Monday. The MPs say that the …

Kampala, Uganda | IAN KATUSIIME | Two things stood out in the life of Charles Muhangi; doing business and motor racing. He developed a love for fast cars as his business was growing. Muhangi understood the dynamic world of business since he had ventured into trade as a young man in …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed Prime Minister Dr. Ruhakana Rugunda to issue a statement regarding the banned concerts of Kyadondo East MP Robert Kyagulanyi aka Bobi Wine. Kadaga’s directive follows the ban of all Kyagulanyi’s concerts by the police in different parts …

Kampala, Uganda | THE INDEPENDENT | Business is booming down town in Kampala as faithfuls countdown to Christmas. Hundreds of people have packed roads such as Namirembe near Old Taxi Park and Luwum Street near Mini Price shopping Centre to purchase merchandise from traders. Some of the merchandise on sell includes …

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament, Jacob Oulanyah, has blamed the poor performance of Parliament on House committees taking longer than the prescribed 45 days. In his communication to legislators on Thursday, Oulanyah said Parliament would from now on strictly follow the provisions in the Rules …