Tag Archives: Business

Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by the Uganda Revenue Authority (URA), was expected to pit the business …

80% of economy is informal, only 20% of businesses pay taxes Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by …

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 …

The long awaited 5th African Airlines Association Stakeholders Convention was launched Saturday night at the Kigali Serena Hotel  and Conference Centre with an informal get together cocktail party, allowing old friends from across the continent’s aviation and related businesses to meet and share updates from their lives and from their …

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 …

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 …

Slightly over a year ago, Patrick Mweheire was appointed CEO of Stanbic Bank Uganda, to become the first Ugandan to head the bank since Standard Bank, a South African financial services giant, took it over 15 years ago. On April 14, Mweheire, who presided over the presentation of the bank’s …

Madrid, Spain | AFP | Spanish judicial authorities revealed Friday that the “ghost airport” of Ciudad Real, a symbol of the country’s financial excess in the boom years, had been sold off for 56 million euros ($62 million). Spain’s construction and property sectors boomed until the downturn hit seven years …