Business

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has outperformed its financial targets for the last fiscal year, with a substantial increase in locally collected taxes. The performance report from the authority issued Wednesday shows a remarkable surplus in domestic revenues, particularly in direct taxes, which recorded …

Kampala, Uganda | THE INDEPENDENT | The Africa Finance Corporation (AFC) is to provide over 353 billion shillings ($95.25 million) for the transportation of fuel to Uganda through Lake Victoria. According to a statement from Africa Investment Corporation (AFC), part of the money will be used to construct two barges …

Kampala, Uganda | THE INDEPENDENT | dfcu has appointed Kate Kiiza to replace William Ssekabembe who retires at the end of this month. A notice by the Board of Directors informed shareholders about the new development through the Uganda Securities Exchange. Kiiza has been working at the bank as chief financial …

Kampala, Uganda | THE INDEPENDENT | Clay products producer, Uganda Clays Ltd, has issued a half-year profit warning for the period ending June 30, 2023, attributed to machinery breakdowns. The company informed its investors that it is expected to register a loss during the period. “The Board of Directors of Uganda …

Kampala, Uganda | THE INDEPENDENT | Uganda Chamber of Mines and Petroleum is running the third edition of 90 Days of Oil and Gas Media Campaign with the main objective of giving an update on the sector’s projects, emerging opportunities, challenges, and possible solutions. Under the theme, “Facts Behind Uganda’s Oil …

COMMENT  | PAUL AMORU | Uganda and South African governments have enjoyed a momentous, warm and friendly relations since the signing of a formal diplomatic relation in 1994. This bilateral relation has deepened not only social and political ties but also helped promote trade and investment between the two countries. Latest …

Kampala, Uganda | THE INDEPENDENT | On Aug.17, MTN MoMo announced the launch of the third edition of the MoMo API Group Hackathon, an innovative platform designed to bring together visionary web developers and entrepreneurs from across Africa. This exciting event aims to harness the power of technology and creativity to …

CSOs want government to renegotiate with the lender on funding key development projects Kampala, Uganda | JULIUS BUSINGE | Following the World Bank decision issued on Aug.8 to stop new public funding to Uganda in relation to the passing of the anti-homosexuality bill into law, a group of civil society organizations …

Jinja, Uganda | THE INDEPENDENT |  The city of Jinja has partnered with the organisers of the Nyege Nyege Festival to capitalize on business opportunities for the city’s residents and businesses. As a result, the festival will be held in Jinja from the 9th – 12th of November at four conjoined …

Kampala, Uganda | THE INDEPENDENT | Centenary Bank is commemorating 40 years of transformative banking services. As part of the celebrations, the bank embarked on a series of training sessions aimed at empowering educators in financial literacy across various regions. The bank’s initiative to empower educators in financial literacy has been …