Business

Rachel Grimes is the President of International Federation of Accountants (IFAC), the global umbrella body for all accountants. The Independent’s Julius Businge spoke to her at the opening of the five day 4th Africa Congress of Accountants (ACOA) held in Kampala from May 2-5.   How important is this meeting to …

Australia| FINANCIAL REVIEW| No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we have known …

Pirelli tyres sales to grow 20% in the next six months City Tyres, a subsidiary of Mandela Group of Companies in Uganda, expects a 20% growth in sales for Pirelli tyres in the next six months on the back of the ongoing new Formula One (F1) campaign. Mandela Group of …

  Push for regional logistics hub status is `selfish’ says Museveni Uganda is grappling with a logistical nightmare of importing tonnes of machinery for its nascent oil industry but, in a classic move of seizing opportunity in a crisis, operators are seeking to turn the country into an East African …

Presidents Yoweri Museveni and John Pombe Magufuli have signed a pact expressing their intent to go ahead with the construction of a oil pipeline from Uganda to Tanzania. The two leaders on Sunday signed a communique agreeing to start construction of the East African Crude Oil pipeline (EACOP) project that is …

Ugandan traders reacted with glee when parliament inserted a clause in the Income Tax Amendment Bill prohibiting charging of rent in dollars. The clause stipulates that all agreements on rent shall be executed and effected in no other currency other than Ugandan shillings. This was the result of persistent complaints …

Beijing, China | AFP |  Slapping import bans on products like mangoes, coal and salmon has long been China’s way of punishing countries that refuse to toe its political line. But Beijing has shown that it can also hurt others by cutting a lucrative Chinese export: tourists who normally flock …

Uganda’s President Yoweri Museveni has taken over chairmanship of the  East African Community (EAC) from Tanzania’s  John Pole Magufuli with a promise to harmonize the region’s vision on the EU-EAC Economic Partnership Agreement (EPA) “I failed to find a solution for EAC EU trade deal but I am optimistic President Museveni will …

GE signs $15 bn of Saudi deals, MoUs during Trump visit Riyadh, Saudi Arabia | AFP | Washington has agreed arms deals with Saudi Arabia worth almost $110 billion, a White House official said Saturday, the first day of President Donald Trump’s visit to the traditional US ally. “This package of …

San Francisco, United States | AFP |  Uber is expanding into a new field with a version of its on-demand ride application that lets truckers book cargo hauls with simple taps on smartphones. Uber Freight rolling out in the US was touted by the company as an app that matches …