Business

Kampala, Uganda | THE INDEPENDENT |  Civil society organizations have accused the Uganda Revenue Authority (URA) of failing to implement its policies and external advice to improve the administration of tax. The organizations under the Tax Justice Alliance Uganda (TJAU) say that this has in turn led to poor revenue …

The East African country is fourth African country to offer visa-free access for all African visitors Kampala, Uganda | RONALD MUSOKE | Rwanda has become the latest African country to offer visa-free access to all African citizens according to the latest edition of the Africa Visa Openness Index jointly published on …

ST. PETERSBURG | Xinhua |  The value of Russia’s gold reserves has exceeded 150 billion U.S. dollars for the first time in contemporary history, due to the rise in gold prices, RIA Novosti news agency reported on Thursday. The value of Russia’s gold investments in November increased by 2.2 percent, …

JERUSALEM | Xinhua |  Mohamed Ghraib, a Palestinian taxi driver, is waiting for his business at the Israeli side of the Qalandia checkpoint 15 km away from Jerusalem, but not much luck has come to him so far. “Before the Israel-Hamas conflict, at this time of the day and this …

Kampala, Uganda | THE INDEPENDENT |  The Uganda Revenue Authority-URA is increasing its vigilance against foreign registered motor vehicles and those bearing Temporary Road Licenses that have expired. The tax body expects a sharp rise in such motor vehicles on the road as many foreign-based Ugandans return home for the …

Kampala, Uganda | THE INDEPENDENT | Francis Karuhanga is the new Chief Executive Officer of Stanbic Holdings Uganda Ltd replacing Malawian executive, Andrew Mashanda. Mashanda joined SUHL in November 2020. Patrick Mweheire, the Standard Bank Group Regional Chief Executive for East Africa, says that Karuhanga will take over office effective January 1, …

  Kampala, Uganda | THE INDEPENDENT |  The police forensic experts have revisited City House to collect more exhibits that could be used to establish the cause of Monday’s fire. The fire started at 9:15 am in the basement, which houses California Bar and other restaurants. The police fire team …

  Kampala, Uganda | JULIUS BUSINGE |  Tax experts are calling on countries to cooperate at the international level to be able to raise taxes and meet the growing expenditure needs. Dr. Farzana Sharmin from the United Nations Economic Commission for Africa has emphasized the need to push for inclusivity …

Africa poised for unprecedented mining boom BUSINESS INTERVIEW  | THE INDEPENDENT |  Africa is poised to experience an unparalleled mining boom that will unleash its immense potential and completely transform the continent’s economic terrain. Leading the push is the visionary Ugandan businessman Emmanuel Katto, who has expressed his deep hope …

Dar es Salaam, Tanzania | THE INDEPENDENT |  Pipelines to cover the first 100km of the  East African Crude Oil Pipeline (EACOP) from Hoima to Tanga port in Tanzania, are ready for work to start. An event to mark the arrival of the pipelines from China, was held Tuesday by EACOP’s …