Business

Kampala, Uganda | THE INDEPENDENT | The government has started implementing the new 12% excise duty on airtime and internet data, among other fiscal measures for the year 2021/2022 that started Thursday. The new tax was part of the amendments in the Excise Duty Act and replaces the Over the …

  Tehran, Iran | Xinhua | Iran will increase its oil production to pre-sanctions level “as soon as possible,” the country’s Minister of Oil Bijan Zanganeh said Friday, official news agency IRNA reported. “Whenever the sanctions are lifted, we will return to the market in the shortest possible time and …

Kampala, Uganda | THE INDEPENDENT | Mobile Money services have now been completely detached from the regulation of the Uganda Communications Commission to that of the Bank of Uganda (BOU), amidst questions and fears from the customers. Last month, the Bank of Uganda started implementing the National Payments System Act …

Kasese, Uganda | THE INDEPENDENT | Tour operators and travellers have complained about the delays caused by the ferry at Katunguru Bridge. In June, Uganda National Roads Authority (UNRA) announced the temporary closure of Kazinga Channel Bridge at Katungura along the Kasese-Katunguru-Ishaka Road for emergency rehabilitation. UNRA provided free ferry …

Kampala, Uganda | THE INDEPENDENT |  Airtel Uganda has hailed its customers for their patience a day after a service down time temporarily interrupted access to Airtel Money Services. The services have since been fully restored and are operating seamlessly. “I would like thank our customers for the patience exhibited during this …

Kenya charges 16% VAT while the rest impose 18% on products produced within their countries | THE INDEPENDENT | Uganda’s finance ministry and Uganda Revenue Authority executives have agreed that there is need to centralize collection of revenues within the East African Community. This, they say, will play an important …

Kampala, Uganda | THE INDEPENDENT | Users of mobile phones will effective Thursday, July 1, have to pay a 12 per cent Excise Duty on the value of data, airtime and other value-added services they use, each time they top up. The tax which has until now been charged at 20 …

Serengeti Breweries Limited (SBL) unveils an over 2billion fund to help bars fight against communicable diseases in Tanzania, including COVID-19 Dar es Salaam, Tanzania | THE INDEPENDENT | Serengeti Breweries Limited (SBL) today announced a programme worth over 2.3 billion TSH ($990,000) to support bars and eateries in Dar es …

Kampala, Uganda | THE INDEPENDENT | Uganda’s vanilla harvest date for the first season of this year has been sent for July 1, with the new Minister of Agriculture, Animal Industry and Fisheries (MAAIF) Frank Tumwebaze urging farmers, traders and processors to maintain best practices for the product to be competitive …

  Kampala, Uganda | THE INDEPENDENT | Before the COVID-19 virus arrived in Uganda early last year, the tourism sector was registering a steady rise in foreign exchange from tourists. According to the Annual Tourism Sector Performance Report for Financial Year 2018/2019, revenue rose from $1.45 billion in 2017 to …