Business

  Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has signed a Memorandum of Understanding (MOU) with Kyambogo University that will facilitate the students and staff of the university to acquire laptops and other related accessories on loan instalment basis. “Despite the strong benefits of digital learning, the cost of …

Supplementary Budget for FY 2021/2022 ➡Shs86.3bn for Office of the President to cater for external financing from EXIM Bank for the National Science, Technology, Engineering and Innovation Skills Enhance Project ➡Shs77bn for State House for classified expenditures, ➡Shs64.4bn for UPDF to facilitate Operation Shujaa in DRC and Shs87.5bn for operations …

Kampala, Uganda | THE INDEPENDENT | Beer maker, Nile Breweries Limited has today (May 19) announced that it is maintaining the prices of its beer unchanged, despite the negative economic pressures faced by businesses across the board. Executives said, this is deliberate to enable consumers continue to enjoy their favourite beers …

Nairobi, Kenya | Xinhua | East African real estate executives on Wednesday said that they remain hopeful that the sector will recover from the COVID-19 shocks. Speaking at a forum in Nairobi, Kenya’s capital, Tilda Mwai, research lead of pan-African real estate research firm, Estate Intel, said that the regional economic …

Kampala, Uganda | THE INDEPENDENT | The European Union – EU and the Uganda Development Bank – UDB, have implored operators in the tourism industry to come and finish the remainder of the EU / Uganda Development Bank Tourism Intervention Fund relief package. The bank still holds 44 billion shillings …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Trade has directed government to terminate an agreement it signed recently with Uganda Vinci Coffee Company Limited. Parliament has described the agreement as illegal and demanded that “officials who committed Government to such illegalities should be penalized as a deterrent mechanism …

Kampala, Uganda | THE INDEPENDENT | Parliament has rejected the government’s proposed extension of the corporate income tax exemption for the Bujagali Hydro Power Project by 5 years. Parliament agreed to grant an exemption for only 1 year up to 2023. The decision was taken on Wednesday during a debate …

Caracas, Venezuela | Xinhua | Venezuela confirmed a decision by the United States to ease oil sanctions, calling for a total lifting of the U.S. sanctions on the South American country. “The Bolivarian Government of Venezuela has verified and confirmed the news … that the United States of America has …

Kampala, Uganda | THE INDEPENDENT | Parliament on Wednesday passed the Excise Duty (Amendment), 2022, but rejected a proposal seeking to reduce tax on fuel. The proposal was carried in a minority report presented by Kampala Central MP, Muhammad Nsereko. Nsereko proposed that the excise duty on motor-spirit gasoline which …

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA has named committees to oversee the implementation of the parish development model project. The seven-member committees, comprising representatives from different interest groups such as the youth, elderly, opinion leaders, politicians, the disabled, parish chief, and the parish chairperson will over …