Business

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, …

Mityana, Uganda | THE INDEPENDENT | Police in Mityana District is hunting a group of gunmen who mounted a roadblock and robbed an unspecified amount of money from passengers aboard a Kampala-bound Link Bus. It is alleged that the passengers were traveling on a night bus from Bundibugyo when the …

  NEWS ANALYSIS | BAKER BATTE – URN |  On Friday, May 13, 2022, Muwema & Company Advocates and Solicitors asked Monitor Publications to retract a story stating that High Court Judge, Musa Ssekaana had asked the Uganda Registration Services Bureau-URSB to consider documents in the Simba Telecom takeover. In …

Kampala, Uganda | THE INDEPENDENT | Parliament has observed that the variation in the acreage of land allocated to different investors at Nakawa-Naguru by Uganda Land Commission (ULC) connotes the existence of intentional fraud. The Adhoc Committee of parliament, which has been investigating the distribution of 82.05 acres of Nakawa-Naguru …