Kampala, Uganda | JULIUS BUSINGE | Two government ministers, Matia Kasaija – Finance and Mary Karooro Okurut – General Duties, have called on taxpayers to willfully meet their tax obligations to enable government offer services without hurdles. The ministers were speaking at the opening of the three day Taxpayers Appreciation Week …
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London, United Kingdom | AFP |British jeweller Graff said Tuesday it has purchased the world’s largest uncut diamond — roughly the size of a tennis ball — for $53 million (44.5 million euros). Canadian miner Lucara Diamond sold to Graff the 1,109-carat gem, the Lesedi La Rona, which was found …
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London, United Kingdom | AFP | Manchester United announced record revenues and operating profits on Thursday despite missing out on the riches of the Champions League last season. The Old Trafford club earned revenues of £581.2 million ($783 million, 659 million euros) in the 12 months to the end of June …
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Kampala, Uganda | GODFREY SSALI | Investors from the United Kingdom face frustration due to bureaucracy and corruption as they seek to start up business in Uganda. This was revealed by Lord Dolar Popat from the House of Lords while hosting the Speaker of Parliament Rebecca Kadaga to a dinner in …
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Uganda to start Diaspora Investment Fund to boost industrialization Kampala, Uganda | GODFREY SSALI | Ministers of Industry from the 19 member states of the Common Market for Eastern and Southern Africa (COMESA) have unanimously approved a COMESA industrial strategy with emphasis on local content as the stimulus for industrial …
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Johannesburg, South Africa | AFP | Business confidence in South Africa has plummeted to its lowest level in more than 30 years as political uncertainty, unemployment and dwindling trade weighed heavily, a survey showed Wednesday. South Africa’s economy, which is the most developed in Africa, is plagued by sluggish growth …
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Shanghai, China | AFP |Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing. Alibaba, which has made billionaire founder Jack Ma one of China’s richest men and a …
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The honeymoon is definitely over. New York, United States | AFP | In June, optimism among American CEOs was at a three-year high on hopes that US President Donald Trump would succeed in implementing his pro-growth agenda, including tax cuts. But this week, Trump has lost support from four executives who …
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Abidjan, Ivory Coast | AFP | “In our house, the beer is Bock!” boasts the familiar slogan for the lager that is Ivory Coast’s market leader, brewed by Solibra. “Beer Ivoire, loved by Ivorians!” says a competing advert for Ivoire lager, brewed by newcomers Brassivoire. On posters and huge billboards …
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London, United Kingdom | AFP | Rolls-Royce powered back into profit during the first half, propelled by strong deliveries for its Trent aircraft engines, lifting its share price almost ten percent Tuesday. Net profit stood at £1.58 billion ($2.1 billion, 1.77 billion euros) in the six months to June 30 compared …
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The Independent Uganda: You get the Truth we Pay the Price