| THE INDEPENDENT | A new study has found that 23% of cigarettes sold in Uganda appear to be illicit, indicating unfair competition to the established tobacco products dealers and loss of revenue to government. The findings based on the BAT Uganda’s approved study that was carried out in the …
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Kampala, Uganda | THE INDEPENDENT | Cigarette dealer, British American Tobacco Uganda, will pay its shareholders Shs 209per share, translating into Shs 10.2billion as dividend. This is nearly 50% lower compared to Shs 19.9billion paid in 2020 due to a drop in profit. BATU pays 100% of its profit as …
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Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …
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Uganda is ranked one of the most entrepreneurial countries in the world, according to the Global Entrepreneurship Monitor Kampala, Uganda | THE INDEPENDENT | Private sector players have asked government to expedite the formulation and implementation of a National Startup Policy in order to address major impediments to the growth of …
Read More »Top executives at PSFU, Centenary Bank and NSSF share ideas Kampala, Uganda | JULIUS BUSINGE | These are tough times. New strategies have to be designed and implemented by business managers to achieve success during and post-COVID-19 era. This was the general message that came out of the speeches of …
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Tough times ahead as miscalculated spending, political activities and coronavirus threaten fast recovery of economic activities Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy has been on a recovery path following the easing of COVID-19 pandemic lockdown restrictions, but the uncertainty surrounding the upcoming general elections is the latest concern, economists …
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Kampala, Uganda | PROSSY NANSUBUGA | Members of Parliament Paul Mwiru and Gerald Karuhang have joined the the Alliance for National transformation (ANT) recently formed by Mugisha Muntu. While addressing the media this morning in Kampala, Mwiru and Karuhanga highlighted the need for an upgrade in some of Uganda’s sectors …
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Kampala, Uganda | THE INDEPENDENT | Civil Division High Court Judge, Michael Elubu has declined to reverse his earlier order to legislators to return Shillings 10 billion they received for Covid-19 activities to public coffers. According to Justice Elubu, the law doesn’t permit him to reopen a matter he heard …
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Kampala, Uganda | THE INDEPENDENT | The High Court has granted an interim Order staying self-appropriation of UGX 10 billion by Ugandan Members of Parliament. Ntugamo MP Gerald Karuhanga and Erute North County MP Jonathan Odur went to court, challenging the decision by Parliament to allocate itself 10 billion …
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The EAC member state has presented opportunities to European investors Kampala, Uganda | JULIUS BUSINGE | Trade between Uganda and European Union has over the years been critical in terms of creating jobs and strengthening the economies for the two parties. This opportunity is expected to be sustained evidenced …
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The Independent Uganda: You get the Truth we Pay the Price