Business

  Kampala, Uganda | THE INDEPENDENT |  The Attorney General has commenced defense in the case in which the government was sued for authorizing the operations of 143 labor export firms. In August, city lawyer Ivan Bwowe sued the Attorney General and 143 labour export firms under their umbrella Uganda …

  Kampala, Uganda | THE INDEPENDENT | Uganda has started revising double taxation agreements it has with developed countries to plug tax loopholes that many corporations have been using to evade taxes. Double taxation agreements govern which country has the right to tax corporate profit when a company has subsidiaries …

Monrovia, Liberia | AFP |  Liberian central bank chief Nathaniel Patray has resigned, the president’s office said Friday, after a year of controversy over his handling of the country’s monetary policy. Liberian President George Weah “has accepted the resignation of Central Bank of Liberia (CBL) Governor, Nathaniel R. Patray,” a …

Kampala, Uganda | THE INDEPENDENT  | Puzzled by difficulty of taxing the digital economy, African revenue collectors will sit in Kampala next month to discuss how best they can squeeze revenue from the business that run mostly on the internet. Through their umbrella African Tax Administration Forum (ATAF), the leaders from …

  Sochi, Russia | AFP | Aboubakary Guiro, a financial expert from Ivory Coast, is full of hope after attending the first ever Russia-Africa summit this week in the Black Sea resort of Sochi. “We forget about Russians when we talk business,” said Guiro, the co-partner of a financial advisory …

  The industry still grapples with limited awareness, inadequate skilled labour Kampala, Uganda | ISAAC KHISA | Assets held in Collective Investment Schemes (CIS)  that includes savings and credit cooperative societies, local individuals, investment clubs, institutional investors and local companies in Uganda, has increased sharply over the last six years …

Kampala, Uganda | THE INDEPENDENT  |  Farming households in Uganda are increasingly staying away from growing millet and beans, with the yields of both crops dropping since 2008, Uganda Bureau of Statistics has shown. Instead, the households are turning to cassava, maize, and bananas. These revelations are contained in the annual agricultural …

Kampala, Uganda | Isaac Khisa  |  Russia’s President, Vladmir Putin and his Egyptian counterpart, Abdel-Fattah El-Sisi, on wednesday opened a two-day first ever Russia-Africa Economic Summit in Sochi, taking on rivals US, the European Union, China and India that have lately dominated  trade with the continent . President Putin told more …

Kampala, Uganda | THE INDEPENDENT  |  Farming households in Uganda managed to increase the population of pigs, sheep, and rabbits between 2008 and 2018 at a faster rate than they did for cows and goats, new statistics have shown. The figures, published on Tuesday by the Uganda Bureau of Statistics (UBOS) …

  Industry experts foresee a competitive, innovative and technology driven sector   Kampala, Uganda | JULIUS BUSINGE | Rivalry in Uganda’s banking sector is expected to tighten following the central bank’s decision to grant two entities licenses to start banking business. These are Afriland First Bank Uganda Limited, a Cameroonian …