Business

Kampala, Uganda | THE INDEPENDENT | French oil major Total,  the Ugandan government and Tullow have resolved tax disagreements that have delayed the sale of a $575 million stake that is key to ensuring Uganda produces first oil in three years’ time. “Government of Uganda and the Ugandan Revenue Authority have executed a …

But the lender faces an uphill task of looping its customers onto it Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda, is embarking on a digital transformation journey aimed at decongesting customers in the banking halls, cutting down operational costs and driving profits upwards. This follows the …

Kampala, Uganda |  THE INDEPENDENT |  Members of Parliament have asked the government to reduce domestic borrowing as a means to finance the budget saying it will crowd out the private sector. The MPs were today meeting the Ministry of Finance and the Uganda Revenue Authority (URA) to consider two loan …

Kampala, Uganda | Julius Businge | Absa Bank Uganda and International Finance Corporation, a member of the World Bank Group, have partnered to train over 300 Ugandan small and medium-sized enterprises to help them assess business risks, adapt their business models, and navigate the difficult operating environment caused by COVID-19 pandemic. …

Kampala, Uganda |  THE INDEPENDENT |  A section of market vendors has written to Kampala Capital City Authority-KCCA Executive Director Dorothy Kisaka to expedite the repossession of markets by the government.   Last month, President Museveni directed that KCCA repossess all government markets, dissolve all conflicting leaderships and organize fresh elections. The …

Kumi, Uganda |  THE INDEPENDENT |  The Uganda National Roads Authority- UNRA has suspended ferry services on Lake Bisina following the increasing water levels.  The ferry that has been connecting Kumi to Katakwi District and Karamoja region across Lake Bisina stopped operations on Sunday following flooding at Omatenga and Kokorio landing …

Kampala, Uganda |  THE INDEPENDENT |  The Democratic Party-DP has asked the government to tighten the measures against human trafficking, saying many young Ugandans are likely to surrender themselves in the hands of traffickers because of the dire economic situation.   Government through the Gender, Labor and Social Development Ministry halted labour …

Kampala, Uganda |  THE INDEPENDENT | The Uganda National Bureau of Standards has released standards for the maize industry targeting millers and parkers, and warned processors who have no certification to cease operations. Uganda produces an estimated 2.5 million tons of maize, with exports worth between USD 120 and 150 million …

Kampala, Uganda |  THE INDEPENDENT |  Contributors to the National Social Security Fund now have more channels through, which to access its services following the launch of the agency system.  NSSF, which has 17 branches across the country has set up temporary outreach centers in an attempt to attract more contributors. …

Economic experts warn that it is too early to celebrate the performance Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has recorded a surplus in revenue collection for the first quarter of the Financial Year 2020/21 amidst the coronavirus pandemic but economic experts warn it is too early to …