Business

Kampala, Uganda | THE INDEPENDENT | The European Union – EU and the Uganda Development Bank – UDB, have implored operators in the tourism industry to come and finish the remainder of the EU / Uganda Development Bank Tourism Intervention Fund relief package. The bank still holds 44 billion shillings …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Trade has directed government to terminate an agreement it signed recently with Uganda Vinci Coffee Company Limited. Parliament has described the agreement as illegal and demanded that “officials who committed Government to such illegalities should be penalized as a deterrent mechanism …

Kampala, Uganda | THE INDEPENDENT | Parliament has rejected the government’s proposed extension of the corporate income tax exemption for the Bujagali Hydro Power Project by 5 years. Parliament agreed to grant an exemption for only 1 year up to 2023. The decision was taken on Wednesday during a debate …

Caracas, Venezuela | Xinhua | Venezuela confirmed a decision by the United States to ease oil sanctions, calling for a total lifting of the U.S. sanctions on the South American country. “The Bolivarian Government of Venezuela has verified and confirmed the news … that the United States of America has …

Kampala, Uganda | THE INDEPENDENT | Parliament on Wednesday passed the Excise Duty (Amendment), 2022, but rejected a proposal seeking to reduce tax on fuel. The proposal was carried in a minority report presented by Kampala Central MP, Muhammad Nsereko. Nsereko proposed that the excise duty on motor-spirit gasoline which …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA has named committees to oversee the implementation of the parish development model project. The seven-member committees, comprising representatives from different interest groups such as the youth, elderly, opinion leaders, politicians, the disabled, parish chief, and the parish chairperson will over …

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance- General Duties, Henry Musasizi has withdrawn two tax Bills from parliament. The House has approved his request. The Bills are the Finance (Amendment Bill), 2022, and the Uganda Revenue Authority (Amendment) Bill, 2022. Under the Finance (Amendment Bill), 2022, the …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Anita Among has warned legislators against staging protests ahead of the debate on the controversial coffee agreement. According to Among, she will not hesitate to stop the debate should any legislator demonstrate during the discussion of the report prepared by …

Kampala, Uganda | THE INDEPENDENT | The Minister for Kampala and Metropolitan Affairs Hajjat Minsa Kabanda wants the Inspector General of Government-IGG Beti Olive Namisango Kamya to investigate corruption in city markets. According to Kabanda leaders in the City Markets are collecting garbage fees, despite the services being provided by …

Hoima, Uganda | THE INDEPENDENT | At least 41 percent of the Project affected persons-PAPs under the East African Crude Oil pipeline-EACOP project have been fully compensated in Uganda. There are 3,648 project affected persons-PAPs under the EACOP project in Uganda. The 1,443km crude oil export pipeline will transport Uganda’s crude …