Business

Kampala, Uganda | THE INDEPENDENT |  Experts and practitioners in the extractives industry have warned of adverse effects on Uganda unless there is strict regulation and hence transparency. Unless strict rules and regulations are put in place and strictly enforced, there will also be very little or no benefit to …

  Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has revealed a collection of 85 billion shillings in the last four months under the Authorized Economic Operators- AEO program. During the four-month period, the 57 AEOs carried out 447 import transactions with partners in China, signifying the program’s impact …

Mukono, Uganda | THE INDEPENDENT | MTN Uganda, in collaboration with the government, on Tuesday commissioned a state-of-the-art dormitory at the Salama School for the Blind in Mukono District. The Shs295 million facility, inaugurated as MTN Uganda marked its 25th anniversary, represents a significant stride in enhancing accommodation and overall …

  Kampala, Uganda | THE INDEPENDENT |  EFC Uganda has embarked on the process of closing down five of its business service centers, a move that the company said would streamline business processes while leveraging on partnerships in the banking sector, a media statement dated Oct.24 reads in part. EFC …

  Centenary Bank is awarded the best bank 2023. Kampala, Uganda | THE INDEPENDENT |  Centenary Bank has been recognized and awarded as the best bank at the 30th Global Finance awards. In a grand celebration held alongside the IMF World Meetings in Marrakech, Morocco, Centenary Bank has emerged as …

Kampala, Uganda | THE INDEPENDENT | Castrol and RUBiS Energy Uganda have partnered to launch Castrol oil lubricant products in Uganda. Castrol oils are readily available at over 54 RUBiS Energy Uganda stations countrywide, executives said on Oct.18. Castrol has a wide range of oils and fluids suited for the various …

Kampala, Uganda | THE INDEPENDENT | On Oct.17, Chinese tech giant Huawei partnered with the Ministry of ICT and National Guidance, to host the 2nd annual ICT Job Fair at Kololo Ceremonial Grounds. The National ICT Job Fair looks at addressing the youth unemployment question in Uganda through the ICT sector. …

African governments say delay in enforcing the MLC hampers their revenue collection targets Kampala, Uganda | RONALD MUSOKE | Following the recent publication of an international treaty that seeks to make global tech giants and other large multinational corporations pay more tax where they do business, the Organisation for Economic Cooperation …

Kampala, Uganda | THE INDEPENDENT | In a significant move aimed at enhancing trade and economic cooperation between African member states and China, Afreximbank and the China Exim Bank signed a loan agreement. The signing ceremony took place at the CEXIM Headquarters in Beijing on Oct.17, attended by Shengjun Ren, President …

The company targets to increase farmer payouts from Shs52bn to Shs80 billion in the next 5 years Kampala, Uganda | JULIUS BUSINGE | Uganda Breweries Limited has unveiled ambitious plans to expand its Farm for Success program from the existing 35,000 farmers to a remarkable 50,000 farmers. This strategic move is …