Business

Uganda agricultural earnings ✳ Coffee March-$45.87million April-$36.928m ✳ Tea March-$5.15m April-$6.145 ✳ Maize 🌽 March-$10.23m April-$6.256m ✳ Fish 🐠 March-$14.98m April-$6.831m Finance Ministry measures Post-Covid19 ➡ Delay payment of Corporation tax for Corporations & SME’s ➡ Defer payment of PAYE by sectors affected ➡ Capitalization of UDC ( 100bn) ➡Capitalization …

London, United Kingdom | AFP | Growing optimism about a swift global economic recovery pushed equity markets sharply higher Wednesday, as investors took heart from further easing of lockdowns while looking past China-US tensions and civil unrest across America. The upbeat mood — and hopes for an extension to a massive …

Kampala, Uganda |  THE INDEPENDENT |  Bus companies have revised transport fares ahead of their anticipated return on the road, two months after President Yoweri Museveni suspended public transport to contain the spread of COVID-19. The buses are set to resume operations tomorrow June 4 on condition that each vehicle carries …

The delay and postponement of 2020 AGMs means that the final dividend payment may not be paid on time Kampala, Uganda | ISAAC KHISA | Now Uganda’s listed companies have until July.30 to hold their Annual General Meetings and determine their future growth, according to Paul Bwiso, the Uganda Securities …

 The law seeks to allocate at least 40% of sub-contracts in public procurement to local companies Kampala, Uganda | ISAAC KHISA | For quite a while, Uganda’s entrepreneurs have been lagging behind owing to the stiff competition from big foreign firms. But this could soon come to an end following …

Hoima, Uganda |  THE INDEPENDENT |  SBC, the company contracted by the government to construct Hoima International Airport has laid off 160 workers.  The company said in a letter to staff that the decision to lay off the workers was in line with the government guidelines to control the spread of …

Manufacturers want government to continue footing the bill for due to coronavirus pandemic Kampala, Uganda | JULIUS BUSINGE | Uganda’s manufacturers now want government to continue footing the bill for the Digital Tax Stamps (DTS) due to the threat being posed by coronavirus pandemic (COVID-19) to businesses. DTS are markings …

London, United Kingdom | AFP | Global stock markets were mixed Monday, with US investors keeping a wary eye on violent anti-racism protests across the country and simmering tensions with China over Hong Kong. In Asia and then Europe, the focus was on the progressive easing of coronavirus lockdowns, offering hope …

Sakwa (left) is out, Mukiibi (middle) moved, and Patience T. Rubagumya stays URA Board decision Mukiibi Patrick has been transferred from the position of Commissioner Corporate Services to the position of Commissioner Domestic Taxes Patience T. Rubagumya remains as Commissioner Legal Services and Board Affairs Herbert Rusoke remains as Commissioner …

Milan, Italy | AFP |  Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy hard. Business confidence in the eurozone’s third largest economy in May plummeted to its lowest level since official statistics institute ISTAT started the index in March …