Over 1000 participants from around the world will converge in Uganda May 2-5 to discuss matters accounting and finance. Speaking to journalists ahead of the meeting on April 30 in Kampala, Rachel Grimes, the president of the International Federation of Accountants (IFCA) said the meeting will serve as an opportunity …
Read More »BUSINESS: Why sugar price is going up
Factory price of 50kg bag up by 48% in April 2017 There is bad news for sugar consumers in the country going by current issues happening in the industry. Official figures for the year 2016 from industry controllers Uganda Sugarcane Manufacturers Association (USMA) millers – Kakira, Kinyara and SCOUL …
Read More »Manufacturing sector, the engine for Uganda’s growth
Mubaraka Nkuutu Kirunda has been acting as the executive director at Uganda Manufacturers Association (UMA) for about four months. He spoke to The Independent’s Julius Businge about the prospects of Uganda’s manufacturing sector. Manufacturing is among sectors that experienced negligible growth in the first half of this financial year (the …
Read More »Uganda’s manufacturing sector slows growth
Sector executives, analysts predict better performance in the second half of 2016/17 The emergence of several structures at the Kampala Industrial and Business Park at Namanve, Uganda’s newest hub for manufacturers seem to give an impressive face of Uganda’s manufacturing sector to whoever glances at it from the Kampala-Jinja Highway. …
Read More »COVER STORY: Bad economy
Here is why Ugandans are poorer today than yesterday There is more bad news for the Uganda economy this April. According to the latest figures from the Uganda Bureau of Statistics (UBOS) and the Central Bank, the economy will not achieve the targeted 4.5% growth this financial year. It will …
Read More »Telecom sector needs fewer players for better service delivery – MTN CEO
It’s coming to year since Wim Vanhelleputte became Chief Executive Officer of MTN Uganda. He spoke to The Independent’s Julius Businge about his experience so far and his plans for MTN operations. What has been your experience so far since you were appointed to head MTN Uganda? The experience has …
Read More »Next big thing at MTN
Company plans to widen data usage, lower tariffs MTN Uganda’s Chief Executive Officer, Wim Vanhelleputte who has spent eight months in office describes himself as a forward looking manager wanting his leadership to grow company profitability while meeting customer demands. He says the most critical thing he is currently preoccupying …
Read More »ANALYSIS: Motor vehicle inspection deal
Is the mandatory vehicle inspection exercise manned by multinational company, SGS worth it for Uganda? With two months to the date of apprehending motor vehicles that have not gone through mandatory vehicle inspection exercise, only 5,000 units out of over 800,000 motor vehicles on the road have been inspected …
Read More »Banks fight over Chinese businesses
Stanbic Bank again makes Chinese businesses irresistible offers Uganda imported US$700 million worth of goods from China last year and exported goods valued at US$30 million over the same period, according to the latest government data. But the skewed trade figures between Uganda and the world’s second largest economy do …
Read More »URA, UBA launches new online payment solution
Uganda Revenue Authority (URA) and United Bank of Africa (UBA) have launched tax payments through online and point of sale –POS (card swiping) methods, powered by VISA and MasterCard. Speaking at the launch of the service at URA’s headquarters in Nakawa on Tuesday March 28, URA’s Commissioner General Doris Akol …
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