Business

When the Uganda Revenue Authority (URA) and tax family gather at their Nakawa headquarters on September 15, there will be many milestones to celebrate. September 15, 2016 marks 25 years since inception of URA, having been established by an act of Parliament in 1991 to collect central government revenue and facilitate trade in Uganda. …

Douala, CAMEROON | AFP |  Four employees of a Cameroon bank have been detained on suspicion of stealing millions of euros, sources told AFP on Tuesday. The four staff members of BICEC, a local subsidiary of French bank BPCE, have been placed in detention in the economic capital Douala after …

Bank of Uganda Monday reduced the Central Bank Rate (CBR) by I percentage point to 14 percent. CBR is the rate of interest which a central bank charges on the loans and advances to a commercial bank. BOU governor Tumusiime Mutebile said that because inflation is forecast to stabilize around the policy target of …

Having been appointed in October 2014 to replace the long-serving Allen Kagina as commissioner general of the Uganda Revenue Authority (URA), Doris Akol started her tenure on a rather good note. At the presentation of her very first annual revenue performance report in July last year, she was all smiles …

Sale of leaf business takes toll as Tobacco Control Act also gets set to bite By Patrick Kagenda In December last year, British America Tobacco Uganda (BATU) issued a public statement warning shareholders and potential investors that their profits would be significantly lower (by about 20%) than the previous year’s …

Govt, manufacturers tussle as cheap Chinese imports supplant local content at big infrastructure projects Abid Alam, the proprietor of Steel Rolling Mills, knows who is responsible for the predicament facing the manufacturing sector – the government, which has failed to enforce guidelines that contractors undertaking the ongoing big infrastructural projects …

Telecommunication giant MTN Uganda this week launches yet another ground-breaking product. The initiative, dubbed MoKash, which is being set up in partnership with Commercial Bank of Africa (CBA), will benefit all registered MTN Mobile Money subscribers who will be able to take small loans in a matter of minutes. What makes …

Natalie Bitature, the proprietor of Musana Carts, the solar street-vending revolution, spoke to Nicole Numubiru about her award-winning Musana Cart, which provides urban street vendors with a cleaner, safer, more efficient solution to their cooking, storage and financing needs. The Musana Cart is an environmentally-friendly, solar-powered vending cart that is …

Last month, Benon Oluka, a journalist with The Observer newspaper, penned an article to narrate his experience with Insurance Company of East Africa (ICEA), an insurance company, which had refused to compensate him as a third party after he was injured in a nasty accident in Kibaale District last year. …

Abidjan, Ivory Coast | AFP | France has done it with Champagne, Italy with Parma ham and Japan with Kobe beef; now Ivory Coast wants to protect the status of one of its most popular foods. Attieke — pronounced atchekay — is a side dish made from fermented ground cassava. …