Business

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 …

Buvuma, Uganda |  THE INDEPENDENT |  The new ferry at Buvuma plying between Kiyindi and Kirongo has reduced the number of passengers after two travelers testing positive to Covid-19 disease. The ferry was designed to carry 300 passengers on its upper and lower sections plus 12 small vehicles each per trip. …

Gulu, Uganda |  THE INDEPENDENT |  Floods have displaced more than 500 people in four villages of Pagik Parish, Paicho Sub-County in Gulu District. More than 600 acres of crop gardens have also been destroyed. The affected villages include Dwere; Bokeber, Bura and Ajanyi. The families have sought refuge in neighboring …

AfDB President survived several accusations including breaches of the bank’s code of ethics Kampala, Uganda | RONALD MUSOKE | Dr. Akinwumi Adesina will serve as president of the African Development Bank Group for another five-year term following his re-election by the Board of Governors on Aug.27. Dr Adesina, a former Nigerian …