Business

VIDEO: Nalongo Estates accuses KCCA of malice in Centenary park probe Kampala, Uganda | NTV UGANDA| Investigations continue into the Centenary Park land row between Kampala Capital City Authority, (KCCA), Nalongo Estates and three other government entities. In the latest development, Nalongo Estates limited has accused KCCA of malice and ill feelings towards the …

Seoul, South Korea | AFP | Samsung Electronics will invest nearly $18 billion in its chip business, the South Korean firm said Tuesday, as it seeks to expand its lead in the global memory chip and smartphone markets. The world’s top maker of smartphones and memory chips will invest 20.4 …

Grace Mukwaya Lule is the executive director of Platform for Labour Action (PLA). She spoke to The Independent’s Agnes E Nantaba about their efforts towards protecting labour rights. What are the key elements in your management philosophy as a manager? Given the fact that PLA is a labour rights organization …

Why government imposed 15% tax on betting winners but cut that of betting houses    Kampala, Uganda |Julius Businge| There is continued debate surrounding the recent move by government to impose 15% withholding tax on winnings from gambling and the reduction in income tax on betting houses by 15% to …

Investors demand information on business opportunities Kampala, Uganda |Ian Katusiime| Since her appointment in April, Jolly Kaguhangire, the new executive director of Uganda Investment Authority (UIA) has been in discussions with business people and government officials on how to make the country a globally competitive destination for investment. She has …

Tehran, Iran | AFP | French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year. “The international agreement for the development of phase 11 of South …

Kampala, Uganda | THE INDEPENDENT REPORTER| MTN Uganda has announced that its integrated marketing and communication function will be taken over by TBWA Uganda with effect from July 1, 2017. MTN said the decision was made public “following successful completion of a transition process from its former agency Metropolitan Republic. In …

Nairobi, Kenya | AFP |  Kenya has delayed plans to export its first oil in June by three months to better negotiate revenue sharing with the local community, the country’s energy minister said Thursday. The announcement comes after reports in local media of security challenges in the arid northwestern Turkana …

Kampala, Uganda | Julius Businge | The Public Accountants Examinations Board (PAEB) of the Institute of Certified Public Accountants of Uganda (ICPAU) has released the June 2017 examinations results showing decline in performance in comparison with the November 2016 results. The examinations covered three courses – Accounting Technicians Diploma (ATD), Certified Tax …

Hong Kong, China | AFP |  President Xi Jinping arrives in Hong Kong on Thursday to mark 20 years since it was handed back to China by Britain, a trip that has already riled democracy activists in the politically divided city. The three-day visit is his first since becoming leader …