Why is country mortgaging her future by relying on external borrowing rather than tax revenue? COMMENT | MUSA MAYANJA LWANGA & FLORENCE NAKAZI | In the recent past, owing to Uganda’s many development needs including large infrastructure projects and expanding public administration costs, government expenditure has significantly exceeded revenue collection. This has …
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Why it wouldn’t work elsewhere in Africa Kampala, Uganda | NIC CHEESEMAN | Rwanda is often touted as an example of what African states could achieve if only they were better governed. Out of the ashes of a horrific genocide, President Paul Kagame has resuscitated the economy, curtailed corruption and maintained …
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London, United Kingdom | AFP | The British government on Tuesday defended its decision not to bail out imploding construction-to-catering group Carillion, as criticism grew of its handling of the giant firm’s demise. Carillion, which has a variety of private and public service contracts in Britain and employs 43,000 staff …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Registration Services Bureau (URSB) enforcement team has carried out three operations in downtown Kampala on Tuesday in search of counterfeit goods. The team was confiscated over 50 boxes of counterfeited biscuits from Kikuubo and Cooper Complex, a clear case of rising trade mark infringement. …
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New move expected to boost country’s insurance penetration Kampala, Uganda | ISAAC KHISA | For a long time, buying insurance policies in Uganda through commercial banks, also known as bancassurance, remained unthinkable. Policies were purchased directly from insurers’ branches or through brokers, a situation that had been blamed for a slowdown …
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Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector remains stable amidst a slight reduction in the activity, according to the latest monthly survey conducted by Stanbic Bank. Stanbic Bank Uganda Purchasing Managers Index for manufacturing and services declined slightly from 54.9% in November to 54.3% in December 2017. However, the …
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Kampala, Uganda | GODFREY SSALI | Two out of three Justices of the Court of Appeal have upheld the decision of the High Court in Kampala that former NSSF Managing Director David Chandi Jamwa, was properly convicted and sentenced to 12 years imprisonment for causing NSSF a financial loss of sh3billion. …
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Kampala, Uganda | JULIUS BUSINGE | Xeno Technologies Uganda Limited is an indigenous investment fund management company that officially launched business on Jan.03. The company’s CEO, Aeko Ongodia spoke to The Independent’s Julius Businge about their plans. What is your core business like? Xeno Technologies is a newly licensed …
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Geneva – The International Air Transport Association (IATA) has announced global passenger traffic results for November 2017 showing continued robust demand, including in the African region. The outlook for 2018 also looks great, according to IATA’s Director General and CEO Alexandre de Juniac. “The airline industry is in a good place entering 2018. …
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Umeme commissions Ishaka substation Kampala, Uganda | THE INDEPENDENT | Uganda’s main electricity distribution company Umeme has commissioned a newly reconstructed sub-station in Ishaka substation as a way of improving power reliability and quality of supply in the Western region. According to a statement from Umeme, the $1,470,000 Ishaka substation boosts Umeme’s …
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