Business

New Delhi, India | AFP | India is a global IT powerhouse but a huge majority of the population remains locked out of the benefits brought by the digital economy, the World Bank said Tuesday. India’s vibrant business process outsourcing sector, centred in the southern hubs of Bangalore and Hyderabad, …

Last year, the government revised the current budget from Shs 18.3 trillion to Shs 23.9 trillion citing the upcoming general elections, which it was claimed required more funding.  The national budget that will be presented next month will be worth a record Shs 26.3 trillion, an increase of 9%. What …

Andrew Rugasira has warned that the difficulty in registering businesses in Uganda causes preference by many for informality in the economy. He said the entrepreneurial spirit is present among many Ugandans, but is undermined by many unnecessary obstacles, including that it takes up to 27 days to register a business. …

The International Monetary Fund (IMF) has released its 2015 Regional Economic Outlook on Sub-Saharan Africa which calls for a policy reset. The report casts a gloomy picture over the optimism that had been expressed by many regional analysts. Growth in the region as a whole fell to 3.5% in 2015 …

Report exposes rich professionals, government officials not paying income tax. URA now plans to tax better, not more. Do you often transfer large sums of money in banks, drive a posh car, live in a palace, buy land often, travel abroad often and travel either business or First Class? Are …

Jinja project starts as Fund gets set to invest Shs 578 bn in 2016 On April 20, the National Social Security Fund (NSSF) held a groundbreaking ceremony for the construction of an ultra-modern commercial building in Jinja town, an event that officially kick starts the Fund’s ambitious agenda to invest …

COMMENT: By Andrew Rugasira The Chamber can begin my providing reliable empirical data that can better inform government policy and execution U.S. President Harry Truman famously asked to be sent a “one-armed economist” when exasperated by economists constantly proclaiming “on the one hand” and “on the other hand”. Fortunately, such …

President Yoweri Museveni is believed to have spent more than $7 million on his 2016 presidential election campaign. Amama Mbabazi and Besigye spent $951,000 and $279,000 respectively. These individual expenditures came complementary to the Electoral Commission’s own budget which continues to bloat every five years. One thing is certain, if …

PHOTOGRAPHS: President Yoweri Museveni yesterday performed the groundbreaking ceremony for the construction of the China-Uganda Agricultural Industrial Park in Butuntumula, Katikamu North in Luwero district. The project investment is estimated at US$ 220million. The project once complete will help farmers increase their agricultural incomes through accessing improved seeds and advanced …

The Uganda National Chamber of Commerce (UNCCI), the umbrella body for the business community in the country, is grappling with several issues that have made it unable to fulfill its mandate. Ahead of the next elections, businessman Andrew Rugasira, the proprietor of Good African Coffee, talked to The Independent about …