Business

Kampala, Uganda | THE INDEPENDENT  | An expresso in the banking hall! Standard Chartered bank has partnered with Endiro Coffee to serve its customers at the main branch with a cup of coffee whenever they go to transact business. The arrangement named “coffee banking” will be a first for a bank …

Kampala, Uganda | THE INDEPENDENT  | It no longer makes sense to compel companies to provide a physical address for tax assessment when several are minting money without offices, the Commissioner General of Uganda Revenue Authority-URA, Doris Akol has observed. Akol, who was addressing tax administrators from African states at Serena …

Lamwo, Uganda | THE INDEPENDENT  |  South Sudan officials have extorted up to Shillings 5.7 million from Ugandan farmers in Lamwo district to access their farmland since July this year, an investigation by security has revealed. The investigations show that 35 farmers from the district fell victim of extortion to access …

  Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has called for greater adoption of technology to boost tax collection across the continent. He said technology can help tax bodies like the Uganda Revenue Authority (URA) improve their records, and therefore know who and how much to tax. “For …

Kampala, Uganda | THE INDEPENDENT | The Minister for Energy and Mineral Resources Irene Muloni has refuted allegations that sh24 billion meant for the construction of a bridge at Isimba Dam was swindled. Last week, the Speaker of Parliament Rebecca Kadaga told MPs that the funds were embezzled by Ministry …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Public Accounts Committee (PAC) has directed a forensic audit into a 2.2 million US Dollars World Bank project grant extended to the Finance Ministry. The 8.4 billion Shillings project was extended to the Ministry by World Bank’s multi-donor trust fund- the Energy Sector …

Airtel, Africell likely to face similar fate as government seek more revenue Kampala, Uganda | ISAAC KHISA | MTN Uganda might pay higher licence fees than had earlier anticipated following the regulator’s decision to introduce a new licensing regime. The Uganda Communication Commission, in its latest licensing framework, states that …

Buvuma , Uganda | THE INDEPENDENT  | Travelers to Buvuma Island have to part with more money following a hike in the boat fares. Boat operators decided to hike their failure because of the suspension of ferry services from Kiyindi landing site in Buikwe District to Kirongo landing site in Buvuma …

Mbale, Uganda | THE INDEPENDENT | One person is nursing wounds at Mbale Regional Referral Hospital following a fire outbreak at a waragi processing plant in Mbale.  The injured, whose identity hasn’t been established, was rushed to hospital by residents who rushed to the building in Wagagai Cell in Nkoma …

Washington, United States | AFP |  HP Inc. said Sunday it turned down a $33 billion hostile takeover bid from Xerox, saying it undervalued the computer and printer maker. But the HP board said it still would like to discuss the possibility of reaching a deal with its rival, a …