Business captains punch holes in Bank of Uganda projections Uganda’s economy is expected to pick up steam this year, boosted by public infrastructure spending and easing of the monetary policy to stimulate economic growth. At least that is the view of Bank of Uganda Governor Emmanuel Mutebile. Mutebile spewed his …
Read More »
The Minister of Finance Matia Kasaija (Pictured) has signed a $150million loan from the African Development Bank towards the construction of the Busega-Mpigi 4-Lane expressway. The project will involve construction of 4 major interchanges to facilitate interconnection with roads at designated locations including Nabbingo, Nsangi, Maya and Lungala, construction of …
Read More »
Uganda Revenue Authority has explained the circumstances under which several government officials were rewarded for helping win the 2014 capital gains tax case against UK based oil company Heritage. “It is standard international best practice for employees to receive bonus payments/ or honoraria for exemplary performance in both the public …
Read More »
Frankfurt am Main, Germany | AFP | The euro, used by nearly 340 million people each day, celebrates its 15th birthday on Sunday. Like a teenager in the throes of adolescence, the euro has lurched from crisis to crisis in recent years, but still manages to enjoy firm support across …
Read More »
Mumbai, India | AFP | Indians rushed to change their bank notes Friday before a deadline to deposit invalid rupee notes closed, as Prime Minister Modi defended his controversial move to reduce cash in use. His shock November 8 announcement rendered 86 percent of India’s currency void, giving customers until …
Read More »
Kasaija warns UNRA against delayed works as government signs a $151million loan for the construction of Busega-Mpigi highway Uganda has signed a sh545billion ($151 million) loan from the African Development Bank (AfDB) to help finance the construction of a four-lane 23.7 kilometer Busega-Mpigi expressway. The AfDB earlier this year approved $245 million …
Read More »
Washington, United States | AFP | Handing out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving global cop of the business world. In stark contrast to the relative inertia of white-collar law enforcement in Europe, Washington …
Read More »
Luanda, Angola | AFP | Angolan President Jose Eduardo dos Santos’s daughter, reportedly Africa’s richest woman, has been cleared to head the national oil company Sonangol, after a court rejected a legal challenge. Isabel dos Santos was put in charge of Sonangol in June in a move some analysts said …
Read More »
Libreville, Gabon | AFP | Its lower cost has made it popular in commercial food production, but after being blamed for deforestation in Asia, palm oil plantations are now getting a similar rap in Africa. The sheer scale of land required is having an impact in Gabon, Cameroon and the …
Read More »
Washington, United States | AFP | The Washington Post, purchased three years ago by Amazon founder Jeff Bezos, will turn a profit in 2016 and expand its newsroom, defying the downward trend in the newspaper industry. A memo to staff this month from Post publisher Fred Ryan, obtained by …
Read More »
The Independent Uganda: You get the Truth we Pay the Price