Kampala, Uganda | THE INDEPENDENT | Government needs to devise means of protecting the economy from crumbling as a result of the temporary shutdown of key businesses because of the coronavirus. Makerere University Business School-MUBS Economics Lecturer and Policy Analyst, Ramathan Ggoobi says the coronavirus (COVID-19), which has since been declared …
Read More »Gov’t renews proposal to tax loss making businesses
Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry faced difficulty explaining a proposal by government to tax businesses that have been making losses for seven consecutive years. This same proposal was last year rejected by parliament. Ministry of Finance officials led by the State Minister of Finance …
Read More »Why 2019 could be good for businesses
Local traders claim foreign nationals involved in petty trade remains a headache Kampala, Uganda | ISAAC KHISA | Following the unexpected past bad year for businesses, there is a good chance that this could be reversed sometime this year, some analysts say. Their hope is that the economy, which has shown signs of …
Read More »Women businesses mushrooming, thanks to DFCU
By Ivan Rugambwa In 2007 DFCU Bank started an initiative known as the DFCU Women in Business program, the idea was that the bank would pioneer in creating a business enabling environment for women entrepreneurs with a special focus on small and medium Enterprises (SMEs) to flourish. But not even …
Read More »Fire outbreaks: Insurers divided on insuring informal businesses
By Eriasa S. Mukiibi Joseph Musoke is a distressed man. On Tuesday July 31, he woke up to the news that all the merchandise in his shop, which took him eleven years to build, had evaporated in a plume of smoke following the fire that gutted Kisekka Market that fateful …
Read More »Ugandan businesses hope to make money in next six months
By Rukiya Makuma Despite 2010 being a prelude to the 2011 general elections, most Ugandan business leaders are optimistic of making more money in future and do not think that political instability poses a serious risk. In a study carried out by Synovate (fomer Steadman) between Feb. 1 and March …
Read More »EAC businesses free to open in any partner State but Common Market debate shelved
By Bob Roberts Katende The private sector won some major concessions at the recent Second Round of the EA negotiations but gloom and pessimism over the planned Common Market reigned. Agreement on the planned free movement of goods, services, capital and persons under a planned Common Market remained elusive despite …
Read More »