Business

Beijing, CHINA | THE INDEPENDENT |  President Yoweri Museveni has lashed at the World Bank for telling Uganda that countries that “build railways use own money.” He said that such a statement from an economist that purports to support Africa’s transformation through private-sector led growth shows that some actors are …

It is pro-growth, pro-poor; what is important is pushing for its effective implementation Kampala, Uganda | JULIUS BUSINGE | On June 13, Minister for Finance, Planning and Economic Development, Matia Kasaija, delivered the Shs40trillion National Budget for the Financial Year 2019/2020 under the theme “Industrialization for job creation and shared …

Money sent home by migrant workers from abroad across the globe is projected to record a 4% growth this year, hitting the US$550bn mark compared with US$529bn recorded in 2018, according to the latest statistics from the International Fund for Agricultural Development (IFAD). Kampala, Uganda | RONALD MUSOKE | Remittances …

Moscow, Russia | ISAAC KHISA | Africa and Russia must harness their immense resources to foster a greater economic future for their people, the chairman of the Government of the Russian Federation, Dimitri Medvedev said in Moscow, Russia. Medvedev, who was speaking during the Annual General Meeting of Shareholders of …

Beijing, China | THE INDEPENDENT | President Yoweri Museveni has left for a four day working visit to China, where he will attend the China-Africa Economic and Trade Expo and meet President Xi Jinping. Museveni has on several occasions hailed China’s financing of infrastructure development in Africa, saying it will fast …

  Katuna, Uganda | THE INDEPENDENT | The 12 days that Rwanda had said it would open its Katuna border with Uganda to test how heavy vehicles will pass through their newly constructed structures, elapsed quietly on Saturday. On June 10, Rwanda Revenue Authority-RRA announced it was opening the border …

  Kampala, Uganda | THE INDEPENDENT | Three Chinese and an Indian National have been killed in an accident along Golf Course in Kampala. Deputy Kampala Metropolitan police spokesperson Luke Owoyesigyire, said the driver of UBA 111E  lost control and swerved off the main road down to the Golf Course …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority’s new scanners at the borders have started bearing fruit, as early today the tax collectors intercepted a Kenyan registered truck at Busia border smuggling two people in boxes into Uganda. URA says the truck registration number KCT 230T reached Busia border …

Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda Ltd has opened the latest Supreme banking branch on Luthuli Avenue right opposite Nice House of Plastics. Speaking at the official opening, Equity Bank Managing Director, Mr. Samuel Kirubi says the Supreme Branch is offering customized banking solutions with exclusive privileges. “At …

Kampala, Uganda | THE INDEPENDENT | Uganda’s exports earnings fell sharply in the month of April compared to March owing to a drop in gold exports and goods crossing to Rwanda, a Ministry of Finance filing shows. The May 2019 economy performance report shows that export earnings fell by 49.1% …