Business

Kampala, Uganda |  THE INDEPENDENT | Uganda Tourism Board launches a domestic tourism campaign dubbed ‘Take On The Pearl’, as part of promoting local tourism, but also get the sector ready when international borders reopen. On top of reduced fares for some services, the two-month campaign that starts next week will also …

    Nairobi, Kenya | THE INDEPENDENT | Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings Plc and Executive Chairman Equity Group Foundation was on September 9 honored with the prestigious 2020 Oslo Business for Peace Award. “Dr. James Mwangi receives the Award for his business-worthy …

Busia, Uganda |  THE INDEPENDENT | The difficulty to access Uganda’s farm produce by regional traders that has been pushing grain prices down is being worsened by the newly instituted COVID-19 testing fee, raising the anxiety of traders who have been relying on customers from neighbouring countries. Drivers and other persons …

Kampala, Uganda |  THE INDEPENDENT |  The private business community has cast doubt over the viability of government policies aimed at supporting the economy during and after the COVID-19 pandemic.  These include tax deferments, and financial packages. In the 2020/2021 budget, the Ministry of Finance, Planning and Economic Development provided more …

Kampala, Uganda |  THE INDEPENDENT |  Uganda has condemned the continued use of non-tariff barriers by her East African Community neighbors despite several petitions, saying it beats the purpose for which the community was created. Uganda has for long felt that her neighbors, mainly Kenya, Rwanda, and Tanzania keep backtracking when …

Government urged to offer rebates on taxation, wages, savings, and electricity Kampala, Uganda | JULIUS BUSINGE | Manufacturers under their umbrella body, Uganda Manufacturers Association are in the early stages of engaging the government on a possible extension of the COVID-19 support that they were given for six months starting …

Kampala, Uganda |  THE INDEPENDENT |  Workers saving with the National Social Security Fund, NSSF, will now be able to have their claimed processed within eight days, and without the need for the claimants to walk to the Fund’s offices. With time, the claims will be processed and paid in one …

Mukono, Uganda |  THE INDEPENDENT |  The new vice-chancellor of Uganda Christian University Dr Aaron Mushengyezi is starting a fundraising drive to support lecturers cope with the effects of Covid-19 lockdown. The university administration suspended payment of all its contract and full-time staff in June.  The then vice-chancellor Rev. Canon. Dr John …

Uganda Clays Limited, the producer of baked clay building products, has recorded a drop in operating costs but losses increased for the second consecutive year, as it faced stiff competition in the construction sector amidst coronavirus pandemic. Kampala, Uganda | ISAAC KHISA | The company recorded a 6% reduction in …

Industry regulator says the future is bright amidst current COVID-19 pandemic Kampala, Uganda | JULIUS BUSINGE | Uganda’s retirement benefits sector recorded a 13.8% increase in assets to Shs13.2trillion for the year ended Dec. 2019, according to the Uganda Retirements Benefits Regulatory Authority’s performance latest report presented on Sept.02 in …