Business

  Entebbe, Uganda | JULIUS BUSINGE |  Up to 1300 accountants are expected to attend the 24th ICPAU Annual Seminar from Sept.4-6 at the Imperial Resort Beach Hotel, Entebbe. The annual seminar is the premier event for accountants in Uganda. It was inaugurated in 1995 by Certified Public Accountants of Uganda …

London, United Kingdom | AFP | Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic Currency” at the recent …

Government, Total respond as Tullow’s $900M deal flops Kampala, Uganda | THE INDEPENDENT | Uganda’s Energy Ministry has stressed that Tullow must pay Capital Gains tax before it can be allowed to sell part of its stake to Total and CNOOC Uganda.  Tullow confirmed earlier Thursday that their Sale and Purchase …

Paris, France | THE INDEPENDENT |  Oil giants Total have re-affirmed their commitment to progressing the development of the Lake Albert oil resources, despite their Sale and Purchase Agreement (SPAs) with Tullow collapsing today. Tullow Oil plc announced earlier that it has been informed that its farm-down to Total and CNOOC will …

Entebbe, Uganda | THE INDEPENDENT | People choosing to travel with Uganda Airlines have an option to choose among several local brands for their drinks and eats while in-flight. Among the first brands on the national carrier is Uganda Waragi, a local gin made by Uganda Breweries Limited. The gin …

Tullow speaks out on termination of farm-down agreement with Total and CNOOC in Uganda Kampala, Uganda | THE INDEPENDENT | Tullow Oil plc has announced that it has been informed that its farm-down to Total and CNOOC will terminate at the end of today, 29 August 2019, following the expiry …

Godfrey Mundua is dfcu bank’s head of corporate banking that handles one big segment in the institution called commodity financing. He spoke to The Independent’s Julius Businge about the opportunities this line of credit is offering. What is commodity structured finance all about? Structured commodity finance is a specialised way …

Only 14% of the country’s working population has some sort of retirement benefit scheme Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector continues to register growth amidst the bickering over the proposed changes to the National Social Security Fund Act. Latest statistics from the industry regulator, Uganda Retirement Benefits …

She learnt quickly that the oil and gas sector is highly politicized and came up with strategies to counter it to achieve set objectives.  Kampala, Uganda | RONALD MUSOKE | When Dr. Josephine Wapakabulo was appointed the Chief Executive Officer of the Uganda National Oil Company in August 2016, few …

Kampala, Uganda | THE INDEPENDENT | Tomato suppliers in Gulu district are protesting exploitation by middlemen. The tomato suppliers mainly from Bweyale in Kiryandongo district and Wobulenzi in Luweero district, says the middlemen from Cereleno and Gulu main market are lowering the prices of tomatoes, something that is making the incur …