Business

✔ President to meet with Ministry of Finance and URA Technocrats on April 24, 2024. ✔ President to meet with all traders on May 7, 2024 at Kololo Ceremonial grounds. ✔ URA directed to suspend all penalties during further consultations. ✔ Traders agreed to open up their businesses while continuing …

Kampala, Uganda | THE INDEPENDENT | The Uganda Manufacturers Association has offered support for the Electronic Fiscal Receipting and Invoicing System (EFRIS) but faults government agencies on aspects of its implementation. UMA Chairman, Deo Kayemba says while the system is vital to ensure proper tax administration, the taxpayers do not …

WAKISO, Uganda | Xinhua | China Communications Construction Corporation (CCCC) on Tuesday started a two-week training program for local foremen and engineers in Uganda’s central district of Wakiso. According to the CCCC, the “Seagull Talent Training Project” is organized with the support of Wuhan City Polytechnic in central China’s Hubei …

Kampala, Uganda | THE INDEPENDENT | Uganda-based technology startup Yo-Waste has been selected for pilot implementation with Nile Breweries Limited (NBL) as part of Cohort 5 of the renowned 100+ Accelerator. In addition to securing the pilot contract, Yo-Waste will gain access to invaluable resources, dedicated mentorship from global experts, and …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development insists that all the required infrastructure will be in place for the start of oil production by the end of 2025. Major infrastructure projects include the crude oil central processing facilities in the two areas; Kingfisher run by …

Kampala, Uganda | THE INDEPENDENT | 291 enterprises across the country are to benefit from the first phase of the Enterprise Development Program that commenced Tuesday, courtesy of Uganda Development Bank and other organisations. The program’s focus is on training in management best practices, debt management, good governance, record keeping, and …

Kampala, Uganda | THE INDEPENDENT | The UN Food and Agriculture Organisation (FAO) has urged Uganda to ensure that climate change prevention and mitigation measures are at the heart of the country’s development agenda, especially in agriculture. Antonio Querido, the FAO Country Representative in Uganda says the country is among the …

  • Growth in revenue by Sh64bn • Sh146 billion in profit after tax • 12.9% growth in net customer loans standing at Sh1.76 trillion • 16.3% growth in customer deposits to Sh2.45 trillion Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has reported a growth in revenue by Sh64 …

  South Africa is to transition its rail network towards a more open and competitive model, allowing private train operators access to its extensive rail infrastructure. SPECIAL REPORT | BIRD AGENCY | South Africa is opening its rail network to private train operators in a commercial pivot to revitalise a …

Kampala, Uganda | THE INDEPENDENT |  Shops in all parts of the city center have closed as traders protest over the Electronic Fiscal Receipting and Invoicing Solutions (EFRIS) system. The protests were started last week by traders affiliated with the Federation of Uganda Traders’ Associations (FUTA). On Tuesday, they were …