The target for revenue collection in the fiscal year 2023/24 has been set at Shs29trillion Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has reported Shs57bn as surplus revenue collected for the FY2022/2023, registering a big achievement given the recent years’ mixed performance that was dented by COVID-19 lockdowns and …
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Mbale, Uganda | THE INDEPENDENT | On Aug.24, President Yoweri Museveni commissioned 16 factories and made a groundbreaking for another nine at Sino Uganda-Mbale Industrial Park in Mbale City. “You remember this site here was a bush some years ago but now we have a labour force of 2,000 with 36 …
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African consumers are ditching old-style electric light bulbs for LEDs, with the continent’s smart lighting market now forecast to reach US$5.49 billion by 2028. SPECIAL REPORT | BIRD AGENCY | Africa’s demand for LED lighting is set to surge in the next five years, as governments promote the use of …
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COMMENT | CLEVER NICHOLAS | In the pursuit of financial freedom, debt repayment can be a significant hurdle for individuals and families. However, by adopting effective budgeting techniques, one can take control of their finances and expedite the journey towards debt freedom. In this article, we explore some of the best …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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The Independent Uganda: You get the Truth we Pay the Price