Facts about the URA Tower ✅ 22 floor building ✅ Four podiums and eighteen tower floors ✅ Total 26,021 square metres ✅ Project cost sh 139 billion ✅ Car parking 12,923 square metres ✅ 5 levels for parking ✅ Car parking for 360 cars plus surface parking for 710 vehicles …
Read More »Uganda secures Sh16bn to boost coffee, cocoa exports to EU
Kampala, Uganda | THE INDEPENDENT | Uganda has received a grant of sh16 billion to boost exports of coffee and cocoa to the European Union and other global markets. Finance minister Matia Kasaija and the EU head of delegation Attilio Pacifici signed the financing grant agreement this morning in Kampala. The …
Read More »Kampala-Portbell railway line profitable – URC
Kampala, Uganda | THE INDEPENDENT | Just four months after it was rehabilitated the Kampala-Port Bell railway line has carried 40,000 tonnes of goods to and from. According to the managing director of Uganda Railways Corporation, Charles Kateeba, the 10-kilometre line, which was disused for over 10 years, needed just 800 …
Read More »Nigeria launches $1.1bn lawsuit against Shell, Eni
London, United Kingdom | AFP | The Nigerian government is taking oil giants Shell and Eni to court in London, requesting the return of $1.1 billion (969 million euros) as part of a case of alleged corruption dating back to 2011, Bloomberg reported on Thursday. Nigeria alleges that the money …
Read More »First Intra-African trade fair opens, with call for initiatives that drive AfCFTA
Kampala, Uganda | THE INDEPENDENT | The first-ever Intra-African Trade Fair (IATF) to be held on the continent opened on Dec.02 in Cairo, Egypt, with the President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, calling for the implementation of initiatives that will add meaning to that African Continental Free …
Read More »Apple to build $1 bln campus in Texas
Washington, United States | AFP | Apple announced Thursday it will build a $1 billion campus in Texas as part of a nationwide expansion. The facility will be less than a mile from the tech giant’s existing facility in Austin and initially accommodate 5,000 additional employees, with room to grow …
Read More »Speculators hindering mining sector in Karamoja
Kampala, Uganda | THE INDEPENDENT | The presence of speculators in Karamoja is hampering the development of the mining sector in the region. This was revealed during the Mining Symposium organized by Ecological Christian Organization, ECO in Moroto on Wednesday. Jackson Angella Nawot, an elder and vice chairperson of Moroto District …
Read More »Tanzania picks Egyptian firms for controversial dam scheme
Nairobi, Kenya | AFP | Tanzania on Wednesday awarded a $3-billion (2.64-billion-euro) contract to two Egyptian firms to build a hydro-electric dam in a renowned nature reserve. The 2,100-megawatt scheme will straddle the Rufiji River in the Selous Game Reserve, a 50,000-square-kilometre (19,000-square-mile) protected area which was designated a UNESCO …
Read More »Manufacturers raise red flag over digital tax stamps
Kampala, Uganda | THE INDEPENDENT | Ugandan manufacturers want Uganda Revenue Authority (URA) to explain what the DTS would achieve if a manufacturing sub-sector has no counterfeits. They want URA to show if the DTS will increase revenue collection and compliance considering that the formal manufacturers are already compliant, and show …
Read More »MPs summon price water coopers over Crane bank closure
Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions Statutory Authorities and State Enterprises (COSASE) has summoned auditors of Price Water Coopers (PWC) to explain how they came up with 239 billion shillings under capitalization of Crane Bank Limited. Price Water Coopers auditors were hired by Bank of Uganda to …
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