Tag Archives: Business

President Yoweri Museveni is believed to have spent more than $7 million on his 2016 presidential election campaign. Amama Mbabazi and Besigye spent $951,000 and $279,000 respectively. These individual expenditures came complementary to the Electoral Commission’s own budget which continues to bloat every five years. One thing is certain, if …

The Uganda National Chamber of Commerce (UNCCI), the umbrella body for the business community in the country, is grappling with several issues that have made it unable to fulfill its mandate. Ahead of the next elections, businessman Andrew Rugasira, the proprietor of Good African Coffee, talked to The Independent about …

Slightly over a year ago, Patrick Mweheire was appointed CEO of Stanbic Bank Uganda, to become the first Ugandan to head the bank since Standard Bank, a South African financial services giant, took it over 15 years ago. On April 14, Mweheire, who presided over the presentation of the bank’s …

Madrid, Spain | AFP | Spanish judicial authorities revealed Friday that the “ghost airport” of Ciudad Real, a symbol of the country’s financial excess in the boom years, had been sold off for 56 million euros ($62 million). Spain’s construction and property sectors boomed until the downturn hit seven years …

Reforms spur social security services but still lag behind peers and standards in developed countries, writes Isaac Khisa. Things are changing for the better in the pension sector. Five years ago, the government enacted the Uganda Retirements Benefits Authority Act that created the Uganda Retirement Benefits Regulatory Authority (URBRA). According …

Ugandans’ hopes of a resurgence of trade links rise as civil war comes to an end There is one very busy triangular area in down town Kampala along Ben Kiwanuka Street that got to be known as Arua Park. The triangle is where three streets namely Johnson, William and Ben …

Panama Papers expose efforts plot to dodge taxes in oil deals When 370 journalists from 76 countries collaborate on an investigation, the resulting story is bound to be explosive. That is exactly what happened with what has come to be known as “The Panama Papers”; which is a huge leak …

Albert Einstein once said, “Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.” Basing on this, it is imagination that drives many companies and businesses as …

Web City Café, an Internet café in the heart of Kampala City, is only a fading shadow of its former self. In the early 2000s, it had hundreds of computer terminals that would be occupied by patrons throughout the day. The employees used to work in shifts into the wee …

Jean Philippe Bittencourt is the new General Manager of the Sheraton Kampala Hotel. He spoke to Patrick Kagenda about his vision, their operations and the general hospitality industry in the country. What is your background as far as the hotel industry is concerned? I have worked in the hospitality industry …