Kampala, Uganda | THE INDEPENDENT | Uganda has lost the trade deficit it had recorded against the European Union in July as imports of merchandises grew faster than the exports to the same region. Both exports and imports dropped sharply in April 2020, the first month of the lockdown that …
Read More »Free Public Zone to be established at Entebbe Airport
Entebbe, Uganda | THE INDEPENDENT | The Uganda Free Zone Authority (UFZA) has today handed over a five acre piece of land to National Enterprise Corporation (NEC), the commercial arm of the Uganda People’s Defence Force (UPDF), to embark on the initial phase of construction of a first …
Read More »Bank of Baroda’s move for 2020
The lender will now focus on technology usage, human resource capabilities and credit earnings from agriculture, manufacturing sectors to drive growth Kampala, Uganda | JULIUS BUSINGE | Bank of Baroda Uganda Limited, a subsidiary of Bank of Baroda, India is focusing on investing in technology to offer efficient and timely …
Read More »Businesses canceling planned investments
Majority of the respondents do not anticipate demand for their products to increase until after 2021 Kampala, Uganda | JULIUS BUSINGE | Several businesses are cancelling planned investments as a measure to survive the negative economic impact caused by COVID-19 pandemic, according to a new report published by the Institute …
Read More »NWSC starts mega water project in Gulu City
Gulu, Uganda | THE INDEPENDENT | Government through National Water and Sewerage Corporation (NWSC) has started construction of a Gulu Water Supply and Sanitation project to serve over 341,000 people in Gulu, Karuma, Kamdini, Minakulu, Bobi, Palenga, Koro- Abili and the surrounding areas. The new project will draw water …
Read More »No tax relief for retrenched workers
URA’s legal win means benefits will be subjected to PAYE Kampala, Uganda | JULIUS BUSINGE | It is now official that workers who will be paid benefits as a result of retrenchment will be subjected to Pay as You Earn tax – which is 30% of the total earnings. This …
Read More »Lockdown sparked leap in electronic banking transactions
Kampala, Uganda | THE INDEPENDENT | The financial sector recorded a big jump in electronic transactions over the last year boosted by the lockdown that was induced by the COVID-19 pandemic, according to sector players. The economy was largely shutdown in March with the government banning most activities like public …
Read More »Entebbe Airport returns to business Oct 1 after six month closure
Uganda airlines ready to resume regional flights Kampala, Uganda | THE INDEPENDENT | Nine airlines are all set to resume business as soon as Uganda’s main airport at Entebbe resumes. These are Uganda Airlines, KLM, Turkish Airlines, Emirates, Brussels Airlines, Qatar Airways, Kenya Airways, Air Tanzania and Ethiopian Airlines. The Uganda …
Read More »Burundi’s Ndayishimiye visits Tanzania
Kigoma, Tanzania | THE INDEPENDENT | Burundi President Gen. Evariste Ndayishimiye has today paid a one-day visit to neighboring Tanzania, where he held talks John Pombe Magufuli. It is Ndayishimiye ‘s first visit abroad since taking over power from Pierre Nkurunziza who passed away in June soon after the elections. The …
Read More »Time to believe that it is Uganda you are seeing!
The amazing story of the Rwenzori Mountains COMMENT | By Amos Wekesa | In the last thee weeks, we have seen lots of updates on Rwenzori Mountains on different platforms, and we must give credit to the Mountain Slayers…. The ‘Mountains slayers’ aren’t your usual slay queens and slay kings, but are …
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