Business

Kampala, Uganda | THE INDEPENDENT | Uganda Manufacturers Association (UMA) is leading private sector efforts in a new effort against financial fraud in business operations in the country. Under this approach, a database is being developed to compile and profile any person who has been implicated in any form of financial fraud …

Kampala, Uganda | THE INDEPENDENT | The Financial Action Task Force (FATF) – the global anti-money laundering watchdog— estimates that environmental crime is one of the most profitable criminal enterprises, generating around USD 110 to 281 billion in criminal gains each year; however, its latest figures suggest that less than 1 …

Rome, Italy | THE INDEPENDENT | Italy is embarking on a new era in its trade and investment relations with Uganda, with officials promising new and bigger investments in different sectors, especially agriculture, health and other sectors. This comes as the Italian Agricultural Machinery Manufacturers Federation (FederUnacoma), is in the final …

Kampala, Uganda | THE INDEPENDENT | A recent National Social Security Fund- NSSF beneficiary survey report indicates that savers are spending their benefits on non-income-generating expenses, such as education, constructing residential homes, and acquiring land. According to the report, the expenditures come at the expense of ensuring a decent standard of …

Kampala, Uganda | THE INDEPENDENT | Kiira Motors Corporation, a budding indigenous mobility enterprise in the country has presented a 524 billion Shillings proposed business investment budget to the Presidential Affairs Committee of Parliament. It was contained in the Ministerial Policy Statement, and Budget Estimates for the FY 2024/2025. “We are …

Kampala, Uganda | THE INDEPENDENT | The Cooperative movement in Uganda has been asked to think anew, and forget the “old good days” when it enjoyed success due to the monopoly granted by the government. Then, until the 1980s, the cooperative societies and unions were largely responsible for the procurement …

Kampala, Uganda | THE INDEPENDENT | Uganda’s trade with the East African Community continues to grow in its favor, registering a trade surplus in January 2024, but is yet to reach the levels recorded in the same month a year ago. According to the latest national statistics, merchandise trade registered a …

Rukungiri, Uganda | THE INDEPENDENT | The Uganda Investment Authority and the Bank of Uganda have started on a campaign to popularize the small and medium enterprise credit funds that were meant to help lower-income entrepreneurs out of the effects Covid-19 pandemic. There have been consistent reports that the Small Business …

Jinja, Uganda | THE INDEPENDENT | MTN has provided substantial support to the Heta Community Skilling Center in Jinja city, with operational equipment, internet connectivity, and WiFi worth 20 million Shillings. The donation includes industrial sewing and embroidery machines, computers, a phone repairing machine, and a free mifi, enhancing learning opportunities …

Jinja, Uganda | THE INDEPENDENT | Members of the Institute of Certified Public Accountants of Uganda-ICPAU have asked agencies to practice ethical accounting practices, which will promote improved services in the community. This was the call at the second annual Public Finance Management-PFM conference in Jinja City on Wednesday. The PFM …