Cape Town, South Africa | THE INDEPENDENT | Uganda is the safest place for any investor to inject their money and offers immense business opportunities, President Yoweri Museveni has said. “If there is a place where you can easily make money, it is Uganda. The place is secure. That is …
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Cairo, Egypt | AFP | Abdulmalik Abdulaziz, an Uighur student, was arrested and handcuffed by Egyptian police and when they removed his blindfold he was surprised to see Chinese officials questioning him in custody. He was picked up in broad daylight with friends, and taken to a Cairo police station where …
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Kampala, Uganda | THE INDEPENDENT | State Minister for Investment Evelyn Anite has tasked the new Uganda Investment Authority (UIA) board to attract quality investors. The new Board was inaugurated this morning at UIA headquarters, Kampala. The new Board brings back Dr Emely Kugonza as the Board Chairman. Other members …
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Kampala, Uganda | THE INDEPENDENT | Starting July this year investors that set up facilities in Uganda’s industrial parks or free zones will enjoy enormous tax exemptions in move to encourage industrialization. This is according to details contained in the tax amendment bill 2019. Also, investors using agriculture raw materials and …
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Beijing, China | AFP | Cracks are opening in China’s mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs. The world’s second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and flagging further in recent months. …
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Kampala, Uganda | THE INDEPENDENT | Foreign investors should be stopped from operating retail businesses. The call was made by Lango Parliamentary Group, a loose coalition of legislators from Lango sub region following a public meeting held at Uganda Technical College in Lira town on Monday. The MPs say that the …
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Limited access to water, electricity and roads remains a big headache in these areas Kampala, Uganda | ISAAC KHISA | Uganda Investment Authority (UIA) has withdrawn land allocated to 164 firms in the industrial and business parks over the last five years due to non-compliance to the set terms. The Authority’s …
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THIS WEEK: Janet Museveni urges investors on skills training Kampala, Uganda | THE INDEPENDENT | The First Lady and the Minister of Education and Sports Janet Kataha Museveni has urged investors in the Education Sector from Malaysia’s Limkokwing University of Creative Technology led by the Vice President Dato Gail Phung to …
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Kampala, Uganda | ISAAC KHISA | Uganda government plans to use the money it will get from the sale of a stake in the embattled telecom firm, UTL, to settle Libyan government and other debts. The Libyan government through a private company, Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) …
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Why Uganda needs to attract new investors to consume excess electricity Kampala, Uganda | JULIUS BUSINGE | On Nov. 16, power distributor, Umeme Limited held a media dialogue in Kampala where top managers – Selestino Babungi (managing director) and Sam Zimbe (deputy MD) answered questions about their work since 2005. The …
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The Independent Uganda: You get the Truth we Pay the Price