Kampala, Uganda | Julius Businge | Data from the Global Entrepreneurship Monitor (GEM) indicates that 28% of Ugandan adults own or co-own a new business. It adds that 10% start new business and 60% of those that are started do not live to celebrate their first birthday. Experts in this field say …
Read More »EA governments urged to use Stock Market to raise capital
Kampala, Uganda | THE INDEPENDENT | The East African governments have been urged to use the Stock Exchanges to raise capital especially through issuance of large Initial Public Offers (IPOs) that can only come from the public sector. Geoffrey Odundo, the CEO for the Nairobi Securities Exchange (NSE), said there is …
Read More »Trump administration rejects World Bank capital increase
Washington, United States | AFP | The Trump administration on Friday rejected a capital increase by the World Bank, which the Bank says is necessary to expand its global anti-poverty mission. Treasury Secretary Steven Mnuchin said the huge Washington-based institution is inefficient and can be more effective in the nearly $60 …
Read More »Capital gains tax, who pays what?
By Patrick Kagenda On August 3, 2010 Tullow Oil’s Chief Operating Officer Paul Mcdade and Graham Martin, Tullow’s General Counsel and Secretary, arrived in Uganda. As they jetted into the country, Tullow Oil Uganda’s General Manager Brian Glover was on his way to the USA. The two officials, according to …
Read More »Tanzania to free capital movement
By Independent Team & Agencies Tanzania is set to remove restrictions on movement of capital across its national borders this month. The move will allow Tanzanian to invest in stock markets in the East African region for the first time. ‘This bears the potential of dramatically increasing demand in the …
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