Kampala, Uganda | JULIUS BUSINGE | COMESA Competition Commission (CCC) and Fidelis Leadership Institute (FLI) are set to start training programs in competition law, international trade, and consumer protection in June this year, officials said at the launch of the Competition Law & Consumer Protection Training event held in …
Read More »Targeting small business
Is it the answer to a tax system that’s not bringing in enough revenue? INTERVIEW | MARIA JOUSTE | Uganda, with a fiscal deficit of 5.6% in 2023, has increasingly turned to local resources to make up for its revenue shortfall since the World Bank suspended its funding on August 08, …
Read More »Swineherds amazed with Ugandan pigskin leather products
Kampala, Uganda | THE INDEPENDENT | Younger swineherds from various parts of Uganda have been amazed by the products made out of pigskin leather, seeing it as another avenue to make money from their herds. These products were part of the display at the Piggery Value Chain Symposium, which attracted over …
Read More »Fresh demands arise for delayed competition, consumer protection laws
Kampala, Uganda | THE INDEPENDENT | The COMESA Competition Commission together with Fidelis Leadership Institute have launched a training program on consumer protection and competition laws, amidst calls for the implementation of the relevant laws in Uganda. Recently, President Yoweri Museveni assented to the Competition Act 2023 but it is yet …
Read More »Make policies predictable for investment growth in manufacturing
COMMENT | GEORGE ORODI | As a young graduate, when I was being introduced into the circles of trade and tax, my CEO then, Kaushik Shah made me attend some of the key meetings at the Kenya Association of Manufacturers and I would later grow to chair a sub-committee on regional trading bloc configuration and a member of …
Read More »Private sector activity picks up April, PMI shows
Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector activity picked up in April amidst prolonged traders’ strike over the government’s enforcement of the Electronic Fiscal Receipting and Invoicing Solutions, a new business survey shows. The Stanbic Bank Purchasing Managers’ Index (PMI) rose to 52.6 in April from 49.3 a month …
Read More »Vivo Energy Uganda reaffirms Pearl of Africa Uganda Rally title sponsorship
Kampala, Uganda | THE INDEPENDENT | Vivo Energy Ugand has announced its continued partnership as the title sponsor of the Shell V-Power Annual Pearl of Africa Uganda Rally, scheduled to take place from 10th to 12th May 2024 in Jinja. The company, a, the marketer and distributor of Shell-branded fuels and …
Read More »SACCOs, MFIs put Uganda at risk by flouting anti-money laundering rules
Kampala, Uganda | THE INDEPENDENT | The failure of Savings and Credit Co-operatives (SACCOs) and Microfinance Institutions (MFIs) to comply with Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) regulations poses a significant threat to Uganda’s financial integrity on the global stage. Despite being obligated to adhere to AML/CFT regulations like banks, …
Read More »NCBA Bank profit after tax up 17% to Shs27bn
Kampala, Uganda | THE INDEPENDENT | NCBA Bank Uganda has reported a net profit of Shs27 billion, representing a 17% increase in 2023 from the previous year’s performance of Shs23 billion. The growth was supported by a surge in customer deposits, which rose to Shs567 billion in 2023 up from Shs491 …
Read More »Business and management graduates as climate change and sustainability champions
Lessons from Uganda and Tanzania on how universities can support this Kampala, Uganda | DAVID SSEKAMATTE | There is no doubt about it: the world is in the grips of a climate crisis. The headlines are full of reports about extreme weather events and the negative effects of the fossil fuel …
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