Business

  Budget provided biggest share of Sh4.6 trillion to the works and transport sector representing 21%. The Sh29 trillion national budget approved by Uganda’s Parliament on Wednesday provides its biggest share to the works and transport sector  with an allocation of sh4.6 trillion representing 21%. While presenting the financial year …

Uganda’s Parliament has passed a Sh29 trillion budget for fiscal year 2017-18 on deadline day Wednesday despite stiff opposition to the amount of loans. Parliament only moved to consider the Appropriation Bill,2017 which is the final stage of the budget process, after the Deputy Speaker suspended The House for 15 minutes …

Mombasa, Kenya | AFP |  Kenya’s President Uhuru Kenyatta on Wednesday inaugurated a Chinese-built railway, the country’s biggest infrastructure project since independence that is aimed at cementing its role as the gateway to East Africa. The boxy red-and-white diesel train left from a gleaming new terminal in the port city …

Fuel distributor, Vivo Energy Uganda, has hired a new managing director, Gilbert Assi, to replace Hans Paulsen who has been at the helm of the company over the  past three years. Paulsen has been promoted to a senior role in the company, working across all countries in Africa where it …

London, United Kingdom | AFP |  Manchester United have been rated as Europe’s most valuable club by a new report into the financial muscle of the continent’s top teams. The report by professional services firm KPMG looked at the finances of 39 clubs based on their popularity on social media …

Nairobi, Kenya | AFP | More than a century after a colonial railway gave birth to modern Kenya, the country is betting on a new Chinese-built route to cement its position as the gateway to East Africa. The $3.2 billion (2.8 billion euro) railway linking Nairobi with the port city …

Kenneth Kamukago is the CEO of Afro Freight Clearing and Forwarding Company based in Kampala. He shared with the Independent’s Agnes E Nantaba about the growth opportunities in the clearing and forwarding industry. What are the key elements in your management philosophy? Management is about defining team work and understanding …

Aviation experts say the Open Skies initiative will increase passenger traffic and increase connectivity in the region Flying from Entebbe to Nairobi is generally considered as a massive undertaking. This is because a passenger has to pay an average of US$400 (Shs1.4million) for a return ticket for a journey that …

What next in IT relocation to Uganda dispute? Rwanda’s telecom industry regulator has fined MTN Rwanda Rwf7 billion (Approx. $8.5 million) for running its IT services outside the country in breach of its licence. The Rwanda Utilities Regulator Authority (RURA) announced the decision on May 17. It said in a …

The taxman plans to increase sentisation to meet targets of the program Last financial year, Uganda Revenue Authority (URA) set an ambitious target to collect Shs420bn from small businesses across the country but preminary performance shows that it is likely  not to be as expected. Data from the URA shows …