Business

Mbarara, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda has opened its regional offices in Mbarara City. The offices will serve districts in Ankole, Kigezi, Rwenzori, Bunyoro, and Tooro. Daniel Kazibwe, a board member representing the Board Chairperson of PSFU, said that the office will enhance the region’s competitiveness among …

Kampala, Uganda | THE INDEPENDENT | Uganda’s increased headline inflation rate has been attributed to the soaring prices of fresh leaves vegetables and tomatoes. This is according to the Uganda Bureau of Statistics (UBOS) Consumer Price Index (CPI) report for the last 12 months ending May 2024. The report shows that …

Marrakech, Morocco | THE INDEPENDENT | Young Ugandan entrepreneurs have won major deals with Asian technology companies, at the Global IT Exhibition (Gitex) Africa 2024 in Morocco. The three are part of a 15-strong delegation of Ugandan startups from the Youth Startup Academy Uganda (YSAU), and Hive Colab which has played …

ADDIS ABABA, ETHIOPIA | Xinhua | Africa Day, observed on May 25, is a day symbolizing the African struggle for independence and unity. It commemorates the establishment of the Organization of African Unity (OAU) in 1963, now the African Union (AU), which heralded a new era of collective strength and …

120 targeted specialist graduates were employed within a year of graduating and 100 sustainable digital businesses have been created ANALYSIS | AGENCIES | On May 21, the African Development Bank Group’s Board of Directors approved the mid-term review of the Country Strategy Paper (CSP) for Rwanda (2022-2026) in Abidjan, Ivory Coast. …

MBALE, Uganda | Xinhua | As dawn breaks, Hellen Mugala, 27, joins hundreds of her colleagues on their way to work at the Sino-Uganda Mbale Industrial Park, located in the eastern Ugandan district of Mbale. “This industrial park has helped many local people. I have acquired skills and earned a …

African countries would be far better advised to focus on ways to fix the attractiveness of their own domestic economies, including tax systems, than to wait for the world to develop a new taxation system. ANALYSIS | MUKHISA KITUYI & DANIEL A. WITT | A piece in the Financial Times published …

  Kampala, Uganda | THE INDEPENDENT | MTN Uganda Chairman Charles Mbiire has advised banks to invest more time in ensuring they collaborate with telecom companies to meet their growth targets. Mbiire was speaking as a chief guest at a dinner for NCBA Bank customers held in Kampala. He said …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) and Uganda Manufacturers Association (UMA) have started sensitizing manufacturers about the Electronic Fiscal Receipting and Invoicing Solution system (EFRIS). The drive comes at a time when the digital tax administration measure that interfaces the taxpayers’ daily transactional operations with …

This system allows stakeholders real-time access to critical information, enabling them to make informed decisions about transactions and creditworthiness Kampala, Uganda | JULIUS BUSINGE | Uganda’s Savings and Credit Cooperative Societies (SACCOs) are grappling with a rising default rate, currently at 10%, which surpasses the industry cap of 5%. However, this …