NAIROBI, KENYA | Xinhua | Kenya said Wednesday it has commenced rolling out tax incentives for foreign investors who set up establishments worth more than 10 billion shillings (about 65.5 million U.S. dollars). Abubakar Hassan, the principal secretary in the Ministry of Investments, Trade and Industry, told a trade forum …
Read More »State House Protection Unit asked to be tough on investors, officials
Kampala, Uganda | THE INDEPENDENT | The State House Investors Protection Unit (SHIPU) has been asked to rein in investors and government officials who break laws and investment procedures. This was during a meeting between the Head of the State House Investors Protection Unit, Col. Edith Nakalema, and communication officers …
Read More »Museveni launches digital portal to protect investors
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni launched the Electronic Investors Protection Portal (EIPP), a digital platform designed to safeguard investment processes in Uganda. The portal which is an initiative of the State House Investors Protection Unit headed by Col. Edith Nakalema will among others; offer guidance to …
Read More »CMA empowers investors during 7th World Investor Week
Investors need to undertake research, invest with licensed and regulated firms and regularly monitor their investments Kampala, Uganda | JULIUS BUSINGE | Uganda’s Capital Markets Authority (CMA) seized the opportunity presented by the 7th World Investor Week, running from October 2 to 8, to educate investors on prudent investment management and …
Read More »Museveni warns against frustrating investors
Tororo, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has appealed to politicians and public servants not to frustrate investors since they are very crucial in Uganda’s progressive industrialization agenda. Museveni made the appeal on Thursday while commissioning the new Tororo Cement vertical rolling mill plant in Tororo District. He …
Read More »Airtel Uganda to offer 20% stake through IPO
The company will give more preference to Ugandan investors Kampala, Uganda | PATRICIA AKANKWATSA | Airtel Uganda plans to float a 20% stake in the company, equivalent to 8 billion ordinary shares, via an initial public offer (IPO) to be listed on the Uganda Securities Exchange (USE). The operator said that …
Read More »UAP Old Mutual retail investors to earn 11% interest on their funds
The Fund maintained its investment bias towards government securities as assets crossed the Shs1 trillion mark Kampala, Uganda | THE INDEPENDENT | Retail investors with a holding in UAP Old Mutual’s collective investment scheme will earn 11% interest on their funds as Assets Under Management cross the Shs1 trillion mark for the …
Read More »Museveni cautions politicians and civil servants frustrating investors
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni reiterated his call to stop the exportation of raw materials, saying that Uganda loses a lot of money annually due to such an economic undertaking. He instead advised Ugandans and foreign investors to work towards adding value to the country’s products …
Read More »Investors train eyes on African youth with gaming campuses
Giant tech firms, game studios and other gaming investors have launched an aggressive hunt for young Africans with the talent, skills, passion – and jobs – to sustain long-term investments in the gaming sector SPECIAL FEATURE | BIRD AGENCY | In early June, Maliyo, a game studio in Nigeria began …
Read More »Investors to construct Iron Ore plant in Rubanda
Rubanda, Uganda | THE INDEPENDENT | Investors have started plans to construct a multi-billion iron ore smelting plant in Rubanda District. The factory which was a 2016 presidential pledge has remained unfulfilled up to date. In 2019, the Devki Group of Companies from India led by its chairman Raval Guru …
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