Business

Hoima, Uganda | THE INDEPENDENT | Kabaale International Airport in Hoima, Uganda’s second international airport now under construction is due for completion nine months from now, according to the contractors. The immediate objective of the airport, 200 kilometers by air from Entebbe International Airport and 33 kilometers by road from …

Masaka, Uganda | THE INDEPENDENT | A prominent businessman in Masaka City, Atanansi Bazzeketta is dead. Bazzeketta, the proprietor of Maria Flo Hotel, one of the traditional hotels Masaka town and the sub region was found dead in one of his hotels. Bazzeketta’s body was discovered on Saturday morning in …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards-UNBS has cautioned the public against deceptive traders who are taking advantage of the unstable commodity prices to fleece them. UNBS is concerned that many consumers are already falling victims to unscrupulous traders who are taking advantage of rising …

Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has pledged to provide land in Mbarara to prospective Indian Investors who are proposing to set up a factory that uses banana stems to produce liquid fertilizer, thread, cloth, and biogas. The President made the commitment on Friday while meeting the …

NEWS ANALYSIS | THE INDEPENDENT | Uganda’s Sh48.13 trillion National Budget has been approved by Parliament today. The approved budget has increased by sh5 trillion from the current financial year budget. Over half of this money is expected to come from domestic revenue collection with Government targeting  a collection of …

NEWS ANALYSIS | THE INDEPENDENT | Fred Muwema, the lawyer for businessman Patrick Bitature says the lenders purportedly seeking to reclaim money lent to the Ugandan, have no claim because they don’t exist. Speaking to Uganda Radio Network in an exclusive interview, Muwema acknowledged that indeed Bitature contracted a loan …

Kampala, Uganda | THE INDEPENDENT | Chinese doing business in Uganda have today engaged the Uganda Revenue Authority (URA) seeking clarification on several tax administration concerns, most notably how to get tax exemptions. In the meeting with URA officials, the business community under the Chinese Chamber of Commerce, Uganda SINOCHAM …

  Jinja, Uganda | THE INDEPENDENT | Uganda Tourism Board and Jinja City Authority have concluded plans to develop Jinja as a gateway tourism city in the Eastern part of Uganda, executives said on May 19. The plans are a result of a meeting held between the UTB, Jinja City …

Kampala, Uganda | THE INDEPENDENT | Government has been tasked to recover the payment made to ROKO Construction totaling 15.72 billion Shillings irregularly paid in regard to the Nakawa-Naguru land. The payment is deemed irregular because claims by third parties against government were not allowed and ROKO could only claim …

Recurrent expenditure ✳️ Ministry of Finance Shs2.3 trillio, ✳️ Ministry of Defense and Veteran Affairs Shs1.2 trillion ✳️ Lands, Housing and Urban Development Shs503 billion Development expenditure ✳ Defence Shs2.3 trillion ✳ Ministry of Health Shs1.4 trillion ✳ Energy gets Shs1.4 trillion ✳ Uganda National Roads Authority Shs2.5 trillion Kampala, …