Monday , May 20 2024
Home / Tag Archives: Business (page 30)

Tag Archives: Business

Kyambadde, parliament in showdown over Chinese retailers

VIDEO: Parliament has issued a 14 days ultimatum to Chinese investors dealing in petty business down-town Kampala to vacate their business for violating licensing procedures. But Trade, Industry and Cooperatives Minister Amelia Kyambadde said the committee’s decision is uncalled for, thus asking parliament to extend the deadline given to Chinese in …

Read More »

Kyambadde explains indefinite suspension of chamber elections

The Minister of Trade, Industry and Cooperatives Amelia Kyambadde has explained that the decision to call off the Uganda National Chamber of Commerce and Industry (UNCCI) elections was agreed with all stakeholders after a recent meeting. “I have received a number of concerns from different stakeholders on operations of Uganda National …

Read More »

KACITA: Ugandan MPs should not be exempted from tax

Traders under their umbrella body Kampala City Traders Association (KACITA) have appealed to President Yoweri Museveni not to sign the Income Tax Bill that seeks to exempt Members of Parliament’s allowances from tax. Speaking at a press conference organized at the KACITA headquarters on Wednesday, Chairperson Everest Kayondo re-echoed the opinions of …

Read More »

Royal Bank of Scotland fails BoE stress test

London, United Kingdom | AFP |  The Royal Bank of Scotland is the worst prepared among Britain’s lenders for another financial crisis, the Bank of England said Wednesday, forcing the state-rescued lender into a new capital-raising plan. The BoE, revealing its latest stress tests on Britain’s top seven banks, added …

Read More »

Trump win breathes life into private detention industry

Washington, United States | AFP | Donald Trump’s White House triumph this month caught the business world by surprise but also breathed life into a little-understood US industry: private prisons and migrant detention centers. Following the Republican’s election, shares in two of the sector’s major players, CoreCivic (formerly known as …

Read More »

Nakumatt’s elephant missteps

Nakumatt: Unstable US$150m debt sends jitters among retail supermarket suppliers Business at Nakumatt supermarkets in Uganda has been slowly declining for months but recent persistent reports that all is not well at the parent company of the Kenya-based regional retail giant may have made a bad situation worse. The Nakumatt …

Read More »

Progress, but uphill slog for women in tech

Lisbon, Portugal | AFP |   They are under-represented in the industry and sometimes made to feel unwelcome in geek-infested workspaces, but women are making their voices heard at Europe’s largest technology marketplace. Organisers of this week’s Web Summit in Lisbon said nearly half its 53,000 attendees were women, helped …

Read More »

Uganda’s economy sound, says IMF

The economy isn’t in such a bad shape as earlier thought, the International Monetary Fund (IMF) has said in its latest assessment. Speaking at the conclusion of a two-week’s 7th review of Uganda’s economic programme under the Policy Support Instrument (PSI), Axel Schimmelpfennig, the IMF Mission chief, said the country’s prospects …

Read More »

Trump joins club of billionaire moguls elected to power

Paris, France | AFP |  Donald Trump, the real estate mogul, reality TV star and US president-elect whose worth Forbes estimates at $3.7 billion, joins an ultra-elite group of billionaire business tycoons who have come to power through the ballot box. Other political leaders who first made fortunes in businesses …

Read More »