➡ $1bn project ➡ 95 kilometres ➡ 8 lanes Nakawa-Kyambogo ➡ 6 lanes Kyambogo-Mukono ➡ 4 lanes Mukono to Jinja Kampala, Uganda | THE INDEPENDENT | Members of Parliament from eastern Uganda have protested against a plan by government to fund the construction of Kampala -Jinja expressway through a Public …
Read More »Kampala’s Mestil is front runner for 3 prizes at World Luxury Hotel Awards
Kampala, Uganda | AATC News by Prof. Wolfgang H. Thome | Kampala’s Mestil Hotel and Residences are favourites to bag three awards at the World Luxury Hotel Award Gala to be held at the Arctic Circle Hotel, Rovaniemi, Finland on October 12. A reliable source confirmed the development though the …
Read More »South Korea agency boosts entrepreneurship in Uganda
Kampala, Uganda | Julius Businge | Data from the Global Entrepreneurship Monitor (GEM) indicates that 28% of Ugandan adults own or co-own a new business. It adds that 10% start new business and 60% of those that are started do not live to celebrate their first birthday. Experts in this field say …
Read More »Russia to help Uganda develop nuclear energy
Moscow, Russia | AFP | Russia and Uganda have agreed to work together in the field of nuclear energy, the Russian nuclear agency Rosatom said Wednesday, as Moscow seeks to strengthen its influence in Africa. Russia’s state-owned companies have been at a key part of the strategy to bolster Moscow’s presence …
Read More »Smaller companies urged to use affordable accountants
Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has advised smaller companies that cannot afford to hire expensive audit firms to prepare their accounts to make use of the cheaper auditors that the institute has certified. Stephen Ineget, the chairman of the Financial Reporting …
Read More »GoldStar eyes sector opportunities
Azim Tharani, is the Managing Director for GoldStar Insurance Company Limited. He spoke to The Independent’s Julius Businge about industry opportunities Give a brief description of GoldStar Insurance services in Uganda? We were incorporated in 1994 but started business in 1996 when the industry was in its infancy stage by …
Read More »Dutch say the tax party’s over for multinationals
The Hague, Netherlands | AFP | Long criticized at home and abroad for being a haven for giant corporations, the Netherlands announced fresh measures Tuesday to crack down on tax breaks for multinationals. Business-minded Dutch Prime Minister Mark Rutte, leading a fragile coalition, is backing a proposal originally tabled by …
Read More »Afreximbank announces 20th Trade Finance Workshop, invites registrations
Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) has announced the opening of registration for its 20th Afreximbank Trade Finance Seminar and Workshop, which will take place in Durban, South Africa, from 4 to 7 November 2019. The seminar and workshop series, formerly known as the Structured Trade …
Read More »Fight over Minimum Wage Bill
The arguments for are as varied as those against the minimum wage Kampala, Uganda | PATRICIA AKANKWATSA | A fresh fight is looming between workers’ unions and representatives in Parliament and the government over new proposals to have a minimum wage law. President Yoweri Museveni returned the proposed Minimum Wage …
Read More »NSSF loses Sh402 billion, members to get less than 15%
❇ Money paid in benefits up by 25% from sh360 billion to sh450 billion ❇ 17% growth in contributions collections from sh1.049 trillion to sh1.208 trillion ❇ Assets under Management up by 13.1% from sh9.98 trillion to sh11.3 trillion Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) members should expect …
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