Business

Government has been advised to undertake analytical studies on the value of fish maw internationally with the view to increase the levy upwards Kampala, Uganda | THE INDEPENDENT | Parliament has approved an eight per cent tax levy on fish maw exports following the passing of the Fish (Amendment) Bill, 2021. In …

Kenya and Tanzania to scrap tariff barriers and other restrictions frustrating trade and investment between the two countries Nairobi, Kenya | Xinhua | Kenya and Tanzania on Tuesday agreed to abolish barriers hindering the smooth flow of trade and people between the two neighboring countries. Kenyan President Uhuru Kenyatta and visiting Tanzanian …

Kampala, Uganda | THE INDEPENDENT | The Traffic and Road Safety Act (Amendment) Bill 2021, seeking to introduce a license fee for motor vehicle owners payable annually has been rejected by Parliament. The Bill which was presented to Parliament in April by the government failed to meet favour with the Committee on …

Gulu, Uganda | THE INDEPENDENT |  Grassroots women entrepreneurs in Acholi are defying the odds to venture into internet marketing targeting global clients for their locally produced goods. The women market artifacts, African fabrics, agricultural products, honey and jewellery among others through social media platforms such as WhatsApp, Twitter, Facebook and …

Kampala, Uganda | THE INDEPENDENT | MoTIV, a tribe of talented makers whose aim is to create a growing and thriving creative industry in East Africa has today launched Omwoleso.africa, an online platform which connects makers to a nationwide online market. Omwoleso, a word which depicts a festival or show, …

Kitgum, Uganda | THE INDEPENDENT |  The Local Government Ministry has extended the contract for the construction of Kitgum Central Market by five more months. This stems from a request by China State Construction Engineering Corporation Ltd through SABA Engineering PLC, the project consultant for more time to complete the multi-billion …

Kampala, Uganda | THE INDEPENDENT |  Lack of adequate infrastructure and the high cost of land are keeping the cost of housing high, even as the developers have plans for low-cost houses. Uganda has a housing deficit of about 2.1 million units, with the low and medium income-earning Uganda being the …

Kampala, Uganda | THE INDEPENDENT |  Parliament on Monday declined to approve the External Trade (Amendment) Bill, 2021 under which government proposed to levy US Dollars 0.4 per kilogram of exported maize brand, wheat bran, cotton cake and different by-products of the milling industry. The tax proposal was rejected after the …

Kampala, Uganda | THE INDEPENDENT |  A Kenyan banking group, I&M Holdings has entered the Ugandan market with the acquisition of Orient Bank Ltd, the 12th largest in Uganda.    The acquisition sees I&M take 90% of the bank from UK-based investment group 8 miles LLP and Morka Holdings Limited, a …

Entebbe, Uganda | AIRSPACE AFRICA .COM | Following a dramatic week in which senior executives and board members at Uganda airlines were forced to go on ‘leave’, details have emerged that highlight reasons for the government’s displeasure at numerous corporate governance failings, operational and management shortcomings and lack of strong leadership …