Business

Paris, France | AFP |  Angola’s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer’s annual survey said Wednesday. Dethroned last year by the Chinese city, Luanda regained the dubious honour despite the depreciation of the local kwanza currency against the dollar, …

  COMMENT: Why does the Uganda government not list the dairy sector as a priority in spite of the exponential export growth achieved? Mbarara, Uganda | RINUS van Klinken |   As the world celebrates June dairy month, Uganda has more reason than most countries to put the dairy sector in the limelight. A …

Zitto Kabwe: The arrest of Rugemalira and Seth is the ‘single most bold step by President Magufuli against corruption’ Nairobi, Kenya | AFP |  Two Tanzanian energy magnates on Monday became the first big industrialists to be charged over a multi-million-dollar graft scandal that led to the sacking of several …

NSSF widens pension coverage with new saving plan  Kampala, Uganda | JULIUS BUSINGE |  The National Social Security Fund has unveiled a voluntary membership plan that will provide employers and workers that are not compelled by the mandatory provisions of the NSSF Act the opportunity to voluntarily save for their retirement Interested …

How To Export Duty-Free From Uganda To The U.S. Under The African Growth And Opportunity Act (AGOA) This guide (below) outlines the step-by-step process that Ugandan businesses should take to export to the U.S. duty-free through AGOA. Exporting can be a challenging process, but it can also be profitable for the …

Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda has today (June 19) announced a reduction of the Central Bank Rate (CBR) by 1 percentage point to 10%. Governor Emmanuel Tumusiime Mutebile made the CBR announcment that sends a signal to the market on the direction of interest rates. This rate, that …

   BUDGET: The EAC countries are looking at reducing the cost of doing business Kampala, Uganda | ISAAC KHISA |  Governments in the East African Community seem to be determined to ease the cost of doing business in the region as they allocate massive budgets to infrastructural developments in the new financial …

  Rwanda Budget scraps tax on imported textile machinery, tannery equipment Kigali, Rwanda | IVAN NGOBOKA|  In a bid to boost domestic manufacturing, the government of Rwanda has scrapped tax on imported textile machinery and tannery equipment. The announcement was made during the presentation of  the 2017/18 Budget before Parliament on …

Entebbe, Uganda| PPU|  Uganda has signed a Memorandum of Understanding (MOU) with Chinese investors for three key projects. President Yoweri Museveni witnessed the signing of the projects, which will see an East Africa-China Manufacturing, Trade and Exhibition Centre centre set up in Uganda. The other projects will see an establisment of …

  BUDGET ANALYSIS: Why UDB got Shs50bn, Museveni donations Shs70bn and more Kampala, Uganda | JULIUS BUSINGE |  Matia Kasaija, Uganda’s Finance minister, is a jocular person for whom talking tough is always light hearted. It was no different on June 12 when he attended a post-budget reading breakfast meeting organised by …