Business

Kampala, Uganda | THE INDEPENDENT | The East African Business Council (EABC) has called for a review and reduction in the cost of the Digital Tax Stamp system, which has been implemented in the region to improve revenue collection on excisable goods. The regional body is urging the East African Community …

The interest payout to customers is calculated based on each customer’s daily average mobile money balance for three months Kampala, Uganda | THE INDEPENDENT | MTN Mobile Money Uganda Ltd has paid Shs20.7bn to the customers for the past three quarters since the company started paying interest on customers’ mobile money …

Kampala, Uganda | THE INDEPENDENT | Parliament has resolved to investigate the circumstances under, which the Minister of Energy and Minerals waived tax payment of  sh573 billion in gold exports. The motion, moved by the Leader of Opposition (LOP), Mathias Mpuuga on Tuesday, called for the formation of a select …

Jinja, Uganda | THE INDEPENDENT | Busoga East police have rescued nine UMEME employees who were deployed to disconnect illegal power lines in Iwumba village in Buwaya Sub County in Mayuge district. The UMEME team descended on the area on Wednesday to crack down on illegal power connections where residents …

The company continues to focus on maintaining business continuity, enhancing production capacity and product quality Kampala, Uganda | THE INDEPENDENT | Uganda Clays shareholders will earn Shs 450 million or Shs 0.5 per share as dividends due to a 59% drop in profit after tax for the year ended December 31, …

Rwanda was the top performing market in Africa during the past decade, with millionaire growth of 72%, followed by Mauritius, the Seychelles, Uganda, and DRC Kampala, Uganda | THE INDEPENDENT & AGENCIES | Africa’s millionaire population is expected to rise by 42% over the next 10 years, reaching around 195,000 by …

Kampala, Uganda | THE INDEPENDENT | RwandAir has announced plans to launch nonstop flights to Paris for the first time. The thrice weekly service between Kigali and Paris CDG will launch on June 27, departing the Rwandan capital at 0030 on Tuesday, Thursday and Saturday, arriving into Paris at 0930. The …

Kampala, Uganda | THE INDEPENDENT | Pig farmers and traders in Moyo district are urging the government to lift the ban on the movement and sale of pigs and pig products. Last October, the Minister of Agriculture, Animal Industry and Fisheries (MAAIF) imposed a quarantine in Aluru sub-county following an …

Many of Uganda’s small-scale farmers rely on someone else to dry their beans, a practice that keeps them in a cycle of poverty. A new processing factory aims to change that.. Bundibugyo, Uganda | Patricia Lindrio – Global Press Journal Uganda |  It’s harvest day on Edson Sabite’s 4-acre cocoa plantation …

Kampala, Uganda | THE INDEPENDENT |  Muhammed Hamid, 47, left his elder brother’s business as a teenager, having gained some experience, confidence, and capital, to start his own business in the early 1990s. Just 10 years later, he was bidding to build the second largest hotel by room number in …