The facts versus what government says and what public believes Kampala, Uganda | THE INDEPENDENT | Does Uganda stand to lose control of Entebbe International Airport to Chinese lenders over a $350 million loan? The government says China cannot take the airport but the raised voices on the issue shows …
Read More »NHCC, Stanbic to develop housing units for sale
High costs involved in provision of other services such as water, roads and electricity have been cited as the main hindrances for provision of low cost housing Kampala, Uganda | THE INDEPENDENT | National Housing and Construction Company Limited, Stanbic Properties Limited, and Stanbic Bank Uganda Limited have entered a …
Read More »Banks yet to receive Sh200Billion Small Enterprises Rescue Fund
Kampala, Uganda | THE INDEPENDENT | Commercial banks and microfinance institutions are yet to to officially hear about the 200 billion shillings for lending out money meant to rescue Ugandan small enterprises that were affected by the Covid-19 pandemic which was commissioned early last week. A check at two government-owned financial …
Read More »KASAIJA: Inexperienced board has let down Uganda Airlines
Entebbe, Uganda | THE INDEPENDENT | Uganda Airlines is facing corporate governance problems because the inaugural board of directors and managers lack experience, the Finance, Planning, and Economic Development Minister, Matia Kasaija has revealed. The government revived the national carrier in 2019 lower transport costs, boost tourism and business opportunities …
Read More »Bumpy business terrain hurts multinationals
Firms need to go big on innovations, corporate governance and cost management, experts say Kampala, Uganda | THE INDEPENDENT | The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several …
Read More »New blood for NSSF board
Finance Minister Matia Kasaija wants tangible results Kampala, Uganda | THE INDEPENDENT | Uganda’s Minister of Finance, Planning and Economic Development Matia Kasaija has appointed Peter Kimbowa, a team leader at the CEO Summit Uganda– a private sector Think Tank and managing Partner at IFE Consultants, as the pension fund’s …
Read More »NBL economic forum exposes opportunities, tax risks
Minister Kasaija promises more government support to boost private sector growth Kampala, Uganda | JULIUS BUSINGE | Nile Breweries Limited, a subsidiary of the Belgium based ABInBev, on Aug. 18 held a virtual Economic Forum to highlight the company’s contribution to Uganda’s economy, bringing to light the effect of the …
Read More »Museveni gives nod to mid-term NSSF access
Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has likened himself to Pontius Pilate in the Bible, as he reluctantly agreed to the workers mid-term access to their saving in the National Social Security fund. He today directed the Minister for Gender, Labour and Social Development Betty Amongi to make …
Read More »Uganda misses agricultural opportunity to Malawi
Dozens of local firms are still demanding for payments from Juba for goods supplied more than a decade ago Kampala, Uganda | ISAAC KHISA | Africa’s newest state, South Sudan, has by-passed Uganda and signed a trade agreement with Malawi for the supply of grain and other agricultural commodities. This …
Read More »Private sector tasks government on favorable policies
Kampala, Uganda | THE INDEPENDENT | Private sector players have charged government to implement policies that support recovery of businesses especially in the midst of the pandemic. The second wave of the COVID-19 pandemic in Uganda continues to threaten the economy as infection rates rise to 77,505 and reported deaths …
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