Business

Economists support its revival but remain skeptical about its success as a business   Kampala, Uganda | JULIUS BUSINGE | Uganda Airlines will soon be back in the skies again but the questions remain on how the national carrier will avoid the past mistakes that led to its liquidation 18 years …

Washington, United States | AFP |  American Airlines announced Sunday it would scrap some 115 flights per day in the coming months because its fleet of Boeing 737 MAX planes is being grounded until August 19. America’s leading airline had previously only planned to keep the planes out of commission …

Soroti, Uganda | THE INDEPENDENT |  President Yoweri Museveni has advised farmers in Teso Sub-region that growing citrus fruits is the best way to improve their household income and transform their livelihood. The President said that the production of citrus fruits in Teso sub-region alongside fish farming and poultry keeping can …

  Kampala, Uganda | THE INDEPENDENT | The Executive Director of Uganda Industrial Research Institute Prof. Charles Kwesiga has told upcoming young entrepreneurs to be on the lookout for funding and other supporting opportunities to realize their dreams. Speaking at the ‘Academia Meets Industry 2019 two-day convention’ held in Kampala …

Kampala, Uganda | THE INDEPENDENT | The Central Bank has allayed fears that the ongoing investigations into the activities of Post Bank Uganda Limited could be unfavourable for customers and clients. A statement issued this evening by the Central Bank indicates that The Bank of Uganda is working very closely …

  Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) has rolled out its digital tax stamps initiative geared at combating illicit trade and seal revenue leakages. Clare Musiime Bakanga, the URA head of change digital tracking solutions said many traders and businesses are being challenged by unfair competition …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) is seeking an additional funding of sh66.3 billion shillings to improve its operations. The request for more funds in the coming financial year 2019/2020 was on Thursday tabled before Parliament’s Finance Committee by the URA Commissioner General, Doris Akol. The …

Kampala, Uganda | THE INDEPENDENT | High Court in Kampala has called for written submissions in a case challenging the deportation of Wim Vanhelleputte, the Chief Executive Officer of MTN Uganda. The Belgian was deported on February 14, on the orders of the Internal Affairs Minister, Gen Jeje Odong making …

  Out of UGX38.8 bn that was disbursed to 5,505 groups, on average, only 26.7% was recovered from the youth country wide. Kampala, Uganda | THE INDEPENDENT | A 2018 audit report by the Office of the Auditor General (OAG) has revealed that almost Sh28.4billion may never be recovered as …

Paris, France | AFP |  US ride-hailing group Uber said Wednesday that it would start deploying electric bikes and scooters for rent on Paris streets as soon as this week, joining a crowded market which city officials have vowed to rein in. Initially 500 of its Jump bikes and 500 …