Business

Kampala, Uganda | THE INDEPENDENT | dfcu Bank Limited has announced the appointment of Charles M. Mudiwa as Managing Director and Chief Executive Officer, effective 11th April 2023. The Bank announced on April 6 through the media. Mudiwa brings on board over 26 years of experience in Banking, with strong business …

Arua, Uganda | THE INDEPENDENT |   Arua Central Division Council has proposed to levy an annual fee of 12,000 Shillings on Boda Boda operators. This is part of the local revenue enhancement measures for the next financial year. The new tax proposal is contained in the draft budget estimates of …

Kampala, Uganda | THE INDEPENDENT |  Uganda Revenue Authority – URA is concerned that it will forego up to Sh2 trillion in tax expenditures in the next financial year. The URA Commissioner General, John Musinguzi, revealed this on Thursday while appearing before Members of Parliament on Parliament’s Committee of Finance …

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda has decided not to further tighten money circulation in the economy by maintaining the Central Bank Rate at 10 percent. This decision by the Monetary Policy Committee was based on the fact that inflation is starting to slow down from the …

Kampala, Uganda | THE INDEPENDENT |  The head of the Civil Division of the High Court Judge Musa Ssekaana has advised unmarried couples staying together to sign agreements that will streamline the ownership of property so that when the relationship breaks down, they have some legal cover. Ssekaana was ruling …

Kampala, Uganda | THE INDEPENDENT | Security agencies are on the spot for defaulting water bills amounting up to 62.7 billion Shillings. The Corporation’s Managing Director, Silver Mugisha revealed that during the Financial Year 2021/2022, the Ministry of Defense and Veteran Affairs, Uganda Police Force, and Uganda Prison Services failed …

Kampala, Uganda | THE INDEPENDENT |  Members of Parliament sitting on the Information, Communication and Technology (ICT) committee have asked the National Information Technology Authority Uganda (NITA-U) to reduce the cost of internet. Led by the Minister of ICT and National Guidance, Chris Baryomunsi, officials from the Authority on Wednesday …

Kampala, Uganda | THE INDEPENDENT |  Six suspects accused of shooting and killing an Indian businessman have been committed to the High Court. The incident occurred on October 27, 2022, when Eliod Gumizamu, attached to the Nyakabande Refugee Transit Centre, allegedly shot and injured Patel Kuntaj, a 24-year-old Indian national …

Buliisa, Uganda | THE INDEPENDENT |  Fred Balikenda, of Kirama Village, Kigwera Sub-county in Buliisa District is determined to die for his land unless the government and TotalEnergies pay him Sh200 million for his house and his pigs that reportedly starved to death. Balikenda is one of the nine Project …

Kwale, Kenya | Xinhua | Kenyan tea traders are facing challenges in getting payment for their produce in key markets such as Egypt due to a shortage of U.S. dollars in the North African nation, a government official said on Wednesday. Cabinet Secretary for Investments, Trade and Industry Moses Kuria …