Business

VIDEO: Asian supervising firm told to leave Isimba dam Kampala, Uganda | NTV UGANDA | Energy Infratech Limited, the company at the heart of the Isimba dam squabble was on Thursday 07, September, 2017 given seven more days to handover all work done at the site. The company, whose contract has …

  Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni is expected to attend this year’s Uganda Revenue Authority (URA) taxpayer’s appreciation week taking place from Sept. 27-29 at Kololo Independence Grounds. The 12th event is open for the general public. This time around, beyond URA sharing taxpayer information, other government ministries and …

Madrid, Spain | AFP |  International tourist numbers grew 6.4 percent in the first half of 2017, the  strongest half-year figures in seven years, with Mediterranean destinations posting double-digit growth, the UN World Tourism Organisation said Thursday. The number of international tourists surged to around 598 million between January and …

Kampala, Uganda | JULIUS BUSINGE |  The European Union plans to invest over Shs 420 billion in small and medium enterprises that are environmentally friendly in the coming few years, according to Cedric Merel, the head of corporation at the European Union office in Uganda. Merel was speaking on Sept. 05 at Sheraton Hotel …

  Kampala, Uganda | JULIUS BUSINGE | Accountants in Uganda under their body, the Institute of Certified Public Accountants of Uganda (ICPAU) have outlined achievements recorded over the years at the ongoing 22nd seminar at Imperial Resort Beach Hotel in Entebbe. Speaking at the opening of the seminar on Sept. 06, the Institute’s President …

Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda (BOU) Deputy Governor Louis Kasekende has advised accountants in Uganda to borrow and adapt international standards in their bid to positively contribute to nation building. “They must look at international standards that are released by their international body and…then adapt them to Uganda,” Kasekende said, …

Johannesburg, South Africa | AFP |  Business confidence in South Africa has plummeted to its lowest level in more than 30 years as political uncertainty, unemployment and dwindling trade weighed heavily, a survey showed Wednesday. South Africa’s economy, which is the most developed in Africa, is plagued by sluggish growth …

Mexico City, Mexico | AFP |  Royal Dutch Shell said Wednesday it would invest $1 billion in Mexico over the next decade, after the oil giant opened its first retail gas station in the country. The investment in the world’s fifth-biggest consumer of gasoline depends on market conditions continuing to …

Kampala, Uganda | GODFREY SSALI |  Members of Parliament on the Natural Resources Committee have urged government to implement the ban on polythene bags commonly known as kaveera. Addressing the media on Wednesday, 06 September 2017, the Chairperson of the Committee, Alex Byarugaba said that National Environment Management Authority (NEMA) had failed on …

Abuja, Nigeria | AFP |  Nigeria and South Africa have both exited recession, notching up economic growth of 0.6 percent and 2.5 percent respectively in the second quarter, official data showed on Tuesday. Nigeria’s economy returned to growth after five consecutive quarters of contraction, driven by a strong performance in …