Business

Wakiso, Uganda | THE INDEPENDENT | Taxi bodies in East Africa have resolved to introduce digital service tax. The resolution was taken at the 50th East Africa Revenue Commissioners-General meeting (EARACGs) at Serena Hotel Kigo, Wakiso District. Kenya has been the only country in the region with the tax and having …

Kampala, Uganda | THE INDEPENDENT | Tesla Chief Executive Elon Musk says he donated around $1.95bn (£1.6bn) worth of shares in his electric carmaker to charity last year, according to BBC. The donation of 11.6 million shares was described in a filing with US regulators as “a bona fide gift”. The filing did …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s corporate social responsibility arm, MTN Foundation, has welcomed 410 youths in the inaugural cohort of the MTN ACE initiative meant to sharpen skills of fresh graduates, those in and out of school, innovators, entrepreneurs and tech-driven start-ups to become self-reliant and contribute to …

Kampala, Uganda | THE INDEPENDENT | On Feb.14, MultiChoice Uganda kicked-off the first of the three training workshops as part of Pearl Magic Prime’s 2nd-anniversary celebrations with a training for filmmakers on social media and personal branding. Being a content creator can be very worthwhile, but also an isolating experience. With …

Kampala, Uganda | THE INDEPENDENT | Government accountability and public procurement agencies in East Africa have joined the East African Procurement Forum and exhibition due in Kampala next month, amidst worries about foreign competition for local contracts. The 14th Forum organized under the theme: “Open Contracting as a vehicle for Sustainable …

African mobile money M-PESA giant is looking to replicate its African success in new markets as the global demand for seamless, fast and affordable remittance services heats up. Nairobi, Kenya | BIRD AGENCY | With global remittances set to reach US$5.4 trillion by 2030, according to a specialised UN agency, African …

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank maintained the Central Bank Rate at 10% saying it is still effective to control the rise in inflation, bring stability to the lending and exchange rate, and drive economic growth. Uganda Bureau of Statistics reported at the end of last month that …

Kampala, Uganda | THE INDEPENDENT | Three world’s top manufacturers of aircraft are jostling to supply six aircraft that Uganda Airlines is seeking to add to its fleet. The trio – Airbus, Boeing, and Embraer from Brazil – are said to have submitted their bids to the authorities last week, who …

  Kiboga, Uganda  | THE INDEPENDENT |  The government of Uganda, through the Minister of Energy and Mineral Development Ruth Nankabirwa, has launched the disbursement of Parish Development Model  (PDM) cash to beneficiaries in Kiboga District. Through Equity Bank, government has streamlined the disbursement process and will offer financial literacy …

Kampala, Uganda | JULIUS BUSINGE | Leading tech-centric finance company, CapitalSavvy yesterday passed out a group of 20 trainees who completed a course in Blockchain technology. The 20 made the pioneering cohort of the Blockchain Innovation Program that was launched in the last quarter of last year. CapitalSavvy partnered with international …