Tag Archives: Business

Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …

Uganda must comply with new stringent quality standards set by Sudan, the country’s second largest importer of coffee, or else risk having her coffee blocked from the lucrative market. A high profile delegation comprising Trade ministry, UCDA and UNBS officials was in the Sudanese capital Khartoum recently on the invitation …

Government, analysts search for elusive answers over declining exports, rising imports About 700 trucks enter Uganda daily from Mombasa Port in Kenya, loaded with all types of goods. However, most of them go back empty for lack of exports, a situation that makes transport costs rather prohibitive for Ugandan importers. …

Gloria Wavamunno is a fashion designer and brain behind Kampala Fashion Week. She spoke to Agnes E Nantaba about her evolved business mind in the fashion industry. As a young girl, Gloria Wavamunno was very shy and that drew her closer to her mother. It partly explains why she also …

President Yoweri Museveni has challenged his new cabinet to look for investments, end corruption and move to total commercialization of agriculture in order to move the country to middle-income status. He will outline his complete plan for this to be achieved when his new cabinet meets for the first time …

Abidjan, Ivory Coast | AFP | Swiss company Nestle will offer on-the-job training for 300,000 African youths to offset high unemployment that poses “severe economic and social challenges” for the continent, the company announced Tuesday. “We’re going to create more than 3,000 internships and apprenticeships in African countries by the …

Johannesburg, South Africa | AFP | South Africa-based Telecoms giant MTN on Monday named a new chief executive after resolving a dispute with Nigeria over a huge fine for failing to disconnect millions of unregistered mobile phone lines. MTN announced that Rob Shuter, a South African who is currently the …

Regional trade facilitation organisation to pump between Shs 2.66 – Shs 2.83 trillion in region On May 31, executives at Trademark East Africa, a not-for- profit organization that supports the East African Community integration process in trade policy reforms and trade-related infrastructure, gathered in Kampala. The meeting was intended to …

Abuja, Nigeria | AFP | Nigeria signalled Wednesday it will ease currency controls, opening the door to a plunge in the value of the naira, after the restrictions were blamed for stifling the economy. Central Bank of Nigeria (CBN) governor Godwin Emefiele said in a televised speech from Abuja that …

Final touches are being made on a deal in which Total will take over all GAPCO operations in the region. The development follows months of intense negotiations between the two for Total Outre Mer SA, the retailing arm of Total, to acquire all the Gulf Africa PetroleumCorporation (Gapco) assets in …