Business

Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Finance, Planning and Economic Development has commenced scrutinising the new Tax Bills for the Financial Year 2022/23. The Minister of State for Finance for General Duties, Henry Musasizi, who on Friday, 29 April 2022 presented nine tax bills before the …

Kampala, Uganda | THE INDEPENDENT | Legislators on Parliament’s Finance Committee on Friday disagreed over a proposal by government to impose a flat rate of 12 percent on the gross rental income of individuals for a year of income. The proposal is under the Income Tax (Amendment) Bill, 2022 currently being …

Kampala, Uganda | THE INDEPENDENT | The Executive Director of the Federation of Small and Medium-sized Enterprises-Uganda (FSME – Uganda), John Walugembe has urged government to involve Parliament while dealing with investors that seek opportunities in Uganda. In an interview with journalists in Kampala, Walugembe cited the current controversial coffee …

Kampala, Uganda | THE INDEPENDENT |  Key stakeholders of the Ugandan financial ecosystem have agreed to concrete steps to boost financial inclusion in the country. This commitment was announced at the end of a 2-day Scale2Save event in Kampala entitled “Building resilience and economic empowerment for women and youth” which …

  Kampala, Uganda | THE INDEPENDENT | Makerere University today hosts the inaugural Tumusiime-Mutebile Annual Public Lecture. The keynote speaker is Finance Permanent Secretary Ramathan Ggoobi. LIVE VIDEO   Share on: WhatsApp

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance says the budget for the financial year 2022/2023 will mainly focus on addressing health and economic challenges presented by the COVID-19 global pandemic, among other key issues. Presenting a statement to the Budget Committee on Wednesday, 27 April 2022, the Minister of …

Kampala, Uganda | THE INDEPENDENT | The Attorney General Kiwanuka Kiroywa and Finance Minister Matia Kasaija have defended the controversial coffee contract between the Government and the Italian investor that has ruffled feathers since last month. While appearing before the parliamentary committee on Trade, Tourism and Industry chaired by Mbarara city south …

Diane Karusisi, CEO of Bank of Kigali, Rwanda’s largest commercial bank by assets, speaks about the country’s growth outlook and its plans to become an international finance hub. What is your perspective on the outlook for the Bank of Kigali, and by extension, for Rwanda? As of September 2021, our …

The bank’s next focus is on delivering on the priorities set under its new strategic plan Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender, African Export-Import Bank, recorded a 10% growth in profit for the year 2021 to $387.3 million, demonstrating a strong and resilient growth. The inclusion of …

The firm is now eying NSSF savers, banks and Sacco’s to spearhead growth Kampala, Uganda | ISAAC KHISA | Uganda Clays Ltd is venturing into production of bricks, thanks to the improved technology and the booming construction sector. The firm’s executives claim the new brick will lower construction costs compared …