Business

Kampala, Uganda | THE INDEPENDENT |  As the year-end festivities and business transactions pick up pace, the police have issued a warning to mobile money dealers and Village Savings and Credit Cooperation Organizations (SACCOs), highlighting their susceptibility to armed robberies during this period. This follows a recent surge in armed …

Kampala, Uganda | THE INDEPENDENT | Civil works at the first construction camp for the East Africa Crude Oil Pipeline Project in Uganda are almost complete. A worker at the site told URN that he was happy that the project was finally about to take off after years of waiting. To …

Kampala, Uganda | THE INDEPENDENT | Uganda National Oil Company (UNOC) has defended the registration of a branch in neighboring Kenya. A statement by the Company on Monday explained that it had to comply with regulations regarding the importation of petroleum products. “A certificate of incorporation issued in a country …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has joined other government agencies in a new initiative to fight cross-border crime, amidst increasing cases of smuggling. Over the last week, the agency’s border and enforcement personnel have netted various items from suspected smugglers through the eastern, western, and …

Kampala, Uganda | THE INDEPENDENT | Centenary Bank, the largest commercial microfinance bank has joined the Global Alliance for Banking on Values (GABV), to mark the Banking on Values Day by urging banks to ‘Think Bolder’ in addressing social and environmental issues. GABV held a global virtual panel discussion with leaders …

Kampala, Uganda | THE INDEPENDENT |MTN Uganda has rolled out over 35 sites starting in Kampala for the last quarter and are all actively supporting communication activities for its clients, it said on Nov.9. In a bid to augment the benefits of 5G, executives have also gone ahead to further …

Kampala, Uganda | THE INDEPENDENT | Uganda is on the way to being removed from the warning list of a global financial Industry monitoring agency, but experts warn of new challenges. The Financial Action Task Force, FATF, has commended the country for the measures it has put in place to …

The sector faces several challenges, including limited access to financing and copyright infringement due to weak copyright laws, enforcement mechanisms and a lack of awareness Kampala, Uganda | AGENCIES | Africa’s multilateral lender, African Export-Import Bank, is working on the establishment of a US$1-billion African Film Fund to be launched in 2024 …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority is rolling out a Voluntary Disclosure Program (VDP), urging people with offshore incomes and assets to disclose their holdings. The VDP is among the tax administration measures put in place by URA to ensure tax compliance and has been on for …

This move is expected to increase compliance by 3% in the next few months as executives race to grow assets by Shs2tn towards 2025 Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund has upgraded its web-based whistleblower portal to enable members to report defaulting employers in a seamless …