Where the artist is a freelancer and is hired by a promoter, events manager or another artist, the person who hired their services is required to withhold 6% of the amount paid to the artist if the artist is Ugandan based COMMENT | Sarah M. Chelangat | Over the last two …
Read More »Uganda shilling romps over regional peers, dollar
Kampala, Uganda | THE INDEPENDENT | The Uganda shilling ended the year 2022 on a strong not having appreciated against the US dollar over the previous few months. According to the Ministry of Finance, Planning and Economic Development, the Ugandan shilling appreciated by 1.9 percent in December against the US Dollar, …
Read More »East African Community urged to lower cost of air transport
Arusha, Tanzania | Xinhua | The East African business body has urged member states of the East African Community (EAC) to have a Single Air Transport Services Agreement aimed at lowering the cost of air tickets for both passengers and cargo in the region. The East African Business Council (EABC) said …
Read More »Carrefour celebrates 3 years in Uganda, sh150million free shopping to be won by customers
Kampala, Uganda | THE INDEPENDENT | Ugandan shoppers are set to win up to sh150 million in free shopping and enjoy massive daily discounts as Carrefour celebrates three years in Uganda from 25th January, until 12th February 2023. To mark the occasion and growth, the retailer will check out 1,000 shopping …
Read More »Alliance Francaise holds open market day in Kampala
Kampala, Uganda | THE INDEPENDENT | Alliance Française Kampala (AFK) on January 21st, organised an Open Day French market which was an opportunity to bring together the Uganda and French communities and give a glimpse into the languages and cultural programs at Alliance Francaise. The event started at 10:30am and ended …
Read More »Britam Uganda won’t exit the market
Kampala, Uganda | THE INDEPENDENT | Britam Insurance Company (Uganda) Limited and Britam Asset Managers Company (Uganda) Limited executives have said, the company does not have any plans to exit the Ugandan market. This follows recent media reports about a possibility of the company exiting Uganda. “Britam Uganda is now looking …
Read More »EACOP recieve license to construct 1,443km East African oil pipeline
Kikuube, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni, whilst attending the Kingfisher drilling inauguration ceremony on Tuesday, has also witnessed the handover of the license to Construct the East African Crude Oil Pipeline (EACOP). The handover was done by the Minister of Energy and Mineral Development, (MEMD) Ruth …
Read More »Ecobank supports community change makers
Kampala, Uganda | THE INDEPENDENT | Ecobank Uganda has extended in-kind funding of Shs1million to eight community change makers as part of its recently concluded digital campaign dubbed “12 days of Christmas,” under the festive season theme “A special thank you from us.” Grace Muliisa, the bank’s managing director said on …
Read More »KINGFISHER FIELDS: Uganda starts drilling oil wells
At the current oil prices of about $87.5 per barrel, the Kingfisher project will account for about 15% of the total oil revenues to government from upstream, which is $6.9billion in total and $360million per year. Kikuube, Uganda | THE INDEPENDENT | President Yoweri Museveni has today launched the commencement …
Read More »AfDB: Africa will grow 4% in 2023 as China recovers
The bank’s cautiously optimistic economic outlook is partly based on the expectation that China will continue to re-open after three years of strict Covid-19 policies Kampala, Uganda | Leo Komminoth | The African Development Bank predicts the continent’s growth will be a stronger-than-expected 4% this year, with China’s ending of strict Covid-19 …
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