Monday , September 16 2024
Home / Business (page 117)

Business

Business news

Uganda’s oil revenue sharing question

Kampala, Uganda | THE INDEPENDENT | There are great expectations among the citizens and investors from the development of an oil refinery in Uganda. It is predicted to boost the region’s refining capacity and ensure a consistent supply of petroleum products. President Museveni says the investment in a refinery will improve …

Read More »

Over 300 Tanzanian artisans participate in EAC Trade Fair

Dar es Salaam, Tanzania | Xinhua | More than 300 Tanzanian artisans are participating in the 22nd edition of the East African Community (EAC) Micro, Small and Medium Enterprises (MSMEs) Trade Fair that kicked off in the Ugandan capital Kampala on Dec. 8, a statement said Sunday. The statement by the Ministry of …

Read More »

New national electricity company mooted as umeme plans exit

Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has commenced implementing Power Sector Reforms to enhance sector performance and provide affordable power to the people of Uganda. The changes will lead to the creation of the Uganda National Electricity Company Limited (UNECL) as a state-run entity …

Read More »

Africa’s ‘over-the-top’ sports consumption

African football fans are keeping up with the World Cup 2022 games from their mobile devices on the back of rapid smartphone penetration, high-speed internet and increased VPN usage on the continent. Doha, Qatar | BIRD AGENCY |  Sports content is being democratised in Africa with more bespoke over-the-top (OTT) …

Read More »

Mpanga growers tea factory resumes full operations

Fort Portal, Uganda | THE INDEPENDENT | In 2017, the factory was sinking into debt and on the verge of closure. The factory had a debt of 6.4 billion shillings owed by several service providers including financial institutions. According to the factory’s annual report for 2021, the company made a loss …

Read More »

dfcu Bank to upgrade digital payment platforms

Kampala, Uganda | THE INDEPENDENT | dfcu Bank has partnered with CR2, a global-leading banking software company to upgrade its ATM, Card and Payments Management Platform. The partnership between dfcu and CR2 will build the Bank’s technological capability and will start by enhancing the customer experience across cards, ATMs, and payments. dfcu …

Read More »

Government confirms end of Umeme contract

Kampala, Uganda | THE INDEPENDENT | Electricity distributor, Umeme’s contract will run its full course but will not be renewed by government in 2025.  Fears that the Umeme concession would be terminated before 2025 have therefore been put to rest. Government is going ahead with plans to form its own company to …

Read More »

URA urged to sensitise traders on new tax system

Kampala, Uganda | THE INDEPENDENT | Parliament calls for sensitization of traders before the full implementation of the Electronic Fiscal Receipting and Invoicing System (EFRIS). The House chaired by Deputy Speaker, Thomas Tayebwa on Wednesday, 07 December 2022 adopted the report of the Committee on Tourism, Trade and Industries recommending changes in …

Read More »