Business

Kampala, Uganda | THE INDEPENDENT | Doris Akol, the Uganda Revenue Authority-URA Commissioner General, has recalled the order that required individuals and corporations transferring sh50 million and more abroad to have a tax certificate. The order, which became public on Wednesday and had been issued by Commissioner Domestic Taxes Henry Saka, …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has directed commercial banks and other money transfer firms not to transfer money amounting to Shillings 50 million outside without a tax certificate. This is a significant step to catch tax thieves or corporations that report loses to URA but then transfer …

The AfroChampions Initiative held its second conference on sustainable green growth and industrialisation in Kigali, Rwanda. Kigali, Rwanda | TOM COLLINS | The AfroChampions Initiative, a set of public-private partnerships designed to leverage resources and funds to create more multinational corporate champions in Africa, has proposed a $1trn investment framework …

UTB strengthens marketing and quality of service Kampala, Uganda | JULIUS BUSINGE | Uganda Tourism Board is gearing up regulating tourism facilities, travel agents and tourist guides countrywide to support growth of the sector. In an interview with The Independent on Oct.15 at Protea Hotel during the agency’s quarterly media …

  CRAFT TARGETS • Increasing productivity and income for 300,000 smallholder farmers; • Improving business performance for 50 agribusiness SMEs and 30 cooperatives (of which at least 25% are managed by women and/or youth); • Climate resilient sustainable food production practiced on 600,000 hectares. Kampala, Uganda | THE INDEPENDENT | With …

However, the industry has recorded growth in premiums Kampala, Uganda | ISAAC KHISA | It is no secret that the concept of insurance is pretty simple. In the exchange for a premium, an insurance firm agrees to compensate a policy holder for a specified loss, damage, illness, or death caused …

Industry executives to respond to Mutebile’s call upon carefully evaluating their commitments with clients Kampala, Uganda | JULIUS BUSINGE | Commercial Bank top executives plan to respond to the central bank’s call to lower interest rates upon carefully analyzing their current loans and sector developments. The Bank of Uganda Governor, …

Kampala, Uganda | THE INDEPENDENT  |  Importers and retailers in Kampala have started stocking up for the Christmas festivities with anticipation for bumper sales in the season.   Several traders, however, said they have faced heavy taxes which means they will bring in fewer goods than they did last year.  But Shoppers …

Kampala, Uganda | THE INDEPENDENT | Denmark has over the years maintained an enviable track record in agriculture production, with its annual yield being three times the amount it needs for itself. This, thanks to a good percentage of arable land and moderate climate but more importantly its extremely advanced technology …

San Francisco, United States | AFP | Google parent Alphabet on Monday reported a sharp drop in profits over the past quarter as it ramped up spending for the launch of a wide array of new gadgets and services. Profit dipped 23 percent from a year ago to $7.1 billion …