Business

Kampala, Uganda | THE INDEPENDENT |  The Ministry of Finance, Planning, and Economic Development is proposing that the Uganda Revenue Authority raises almost 29.96 trillion Shillings in taxes next financial year, up from the current year’s 29.67 trillion. However, this will prove a tall order for the tax body considering …

Embrace sustainable practices not just for today’s bottom line, but as a strategic investment Kampala, Uganda | JULIUS BUSINGE | Insurance players have been urged to embrace the aspect of sustainability in their operations to positively impact communities, the environment, and related fields in their business. “In the realm of insurance, …

Kampala, Uganda | THE INDEPENDENT | Fresh Dairy has once again purposed to address the ever-changing needs and preferences of its customers by revamping its flavoured milk with a new look and slim pack addition. Flavoured milk is popular for being an on-the-go ready-to-drink and is great for during and post …

Kampala, Uganda | THE INDEPENDENT |  Civil society organizations have accused the Uganda Revenue Authority (URA) of failing to implement its policies and external advice to improve the administration of tax. The organizations under the Tax Justice Alliance Uganda (TJAU) say that this has in turn led to poor revenue …

The East African country is fourth African country to offer visa-free access for all African visitors Kampala, Uganda | RONALD MUSOKE | Rwanda has become the latest African country to offer visa-free access to all African citizens according to the latest edition of the Africa Visa Openness Index jointly published on …

ST. PETERSBURG | Xinhua |  The value of Russia’s gold reserves has exceeded 150 billion U.S. dollars for the first time in contemporary history, due to the rise in gold prices, RIA Novosti news agency reported on Thursday. The value of Russia’s gold investments in November increased by 2.2 percent, …

JERUSALEM | Xinhua |  Mohamed Ghraib, a Palestinian taxi driver, is waiting for his business at the Israeli side of the Qalandia checkpoint 15 km away from Jerusalem, but not much luck has come to him so far. “Before the Israel-Hamas conflict, at this time of the day and this …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Revenue Authority-URA is increasing its vigilance against foreign registered motor vehicles and those bearing Temporary Road Licenses that have expired. The tax body expects a sharp rise in such motor vehicles on the road as many foreign-based Ugandans return home for the …

Kampala, Uganda | THE INDEPENDENT | Francis Karuhanga is the new Chief Executive Officer of Stanbic Holdings Uganda Ltd replacing Malawian executive, Andrew Mashanda. Mashanda joined SUHL in November 2020. Patrick Mweheire, the Standard Bank Group Regional Chief Executive for East Africa, says that Karuhanga will take over office effective January 1, …

  Kampala, Uganda | THE INDEPENDENT |  The police forensic experts have revisited City House to collect more exhibits that could be used to establish the cause of Monday’s fire. The fire started at 9:15 am in the basement, which houses California Bar and other restaurants. The police fire team …