Friday , March 14 2025
Home / Business (page 551)

Business

Business news

URA registers biggest surplus in history

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority collected 16.6 trillion Shillings, much more than it had estimated in the just-ended financial year. Against a target of sh16.4 trillion, the tax body registered a surplus of sh259 billion, the biggest in its entire history. Compared to the 2017/18 financial …

Read More »

Uganda Breweries gets new Managing Director

Kampala, Uganda | THE INDEPENDENT | Alvin Mbugua, a finance guru from Kenya,  has rejoined Uganda Breweries Ltd (UBL) as Managing Director. He took over July 1 from Ugandan Mark Ocitti Ongom who moves to Serengeti Breweries Limited in Tanzania, as Managing Director. “I am humbled to be entrusted with …

Read More »

Mukwano founder Amirali Karmali dead

  Kampala, Uganda | THE INDEPENDENT | Amirali Karmali, the proprietor of Mukwano Industries Uganda Limited is dead. The entrepreneur died quietly on Wednesday evening at his home in Kololo, according to reports. Karmali, born in the 1930s is the father to Alykhan Karmali, who is currently running the family …

Read More »

Museveni orders Otafiire on UTL, Bemanya stays

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has written to Justice Minister Kahinda Otafire, warning that no action should be taken on Uganda Telecom Ltd (UTL), without Cabinet approval. “As I have guided on several occasions, given the strategic importance of UTL to the economy, government has been …

Read More »