URA should make personal income taxes more progressive by raising PAYE entry threshold Kampala, Uganda | JULIUS BUSINGE | A new report published by Oxfam, Southern and Eastern Africa Trade Information and Negotiations Institute and other non-governmental organisations has identified gaps related to gender taxation, policy and administration, and that …
Read More »ABSA Uganda profit more than double but credit demand takes a hit
The lender is seeking opportunities for collaboration while becoming more agile to serve customers beyond traditional banking Kampala, Uganda | ISAAC KHISA | ABSA Bank Uganda, a subsidiary of ABSA Group, a financial services conglomerate based in South Africa, has seen its profit more than double riding on the rebound …
Read More »Katikkiro Mayiga condemns Govt coffee deal with Vinci
Mengo, Uganda | THE INDEPENDENT | Katikiro Charles Peter Mayiga of Buganda has condemned the central government’s decision to sign a coffee agreement with Uganda Vinci Coffee Company Limited- UVVCCL, a privately owned firm, to process and export Uganda’s coffee without consulting the key stakeholders. In February this year, Finance …
Read More »Why data centres are key boosters for oil and gas sector
COMMENT | JAMES BYARUHANGA | On February 2, 2022, Uganda made a very significant step towards realising its first oil fortunes. We witnessed the announcement of the Final Investment Decision (FID) for Uganda’s oil and gas Projects by the Total Energies EP Uganda, CNOOC Uganda Limited, the Uganda National …
Read More »Umeme fails to block Mutasiga Coffee Factory from picking sh179 million
Luwero, Uganda | THE INDEPENDENT | Power distributor Umeme has lost an application to block Irene Nankabirwa, the proprietor of Mutasiga Coffee Factory, from drawing money from its bank account. Umeme had sought to stay the implementation of garnishee orders issued to Nankabirwa to recover Shillings 179.3 million as costs …
Read More »KCCA to revive open bidding for city cleaning contract
Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA has proposed that a service provider contracted to clean the city shall be awarded a 12-month contract which is renewable only once upon satisfactory performance. For close to ten years, cleaning services in Kampala have been provided by divisional Savings …
Read More »Zambia starts mass export of avocados to Europe
Lusaka, Zambia | Xinhua | Zambia has started the mass export of avocados to Europe with the first consignment of over 37 tons, a senior government official said Friday. The commencement of export came after the southern African country met the phytosanitary requirements to export the fruit into Europe, said …
Read More »COVIDEX clinical trial gets sh3 billion boost
Kampala, Uganda | THE INDEPENDENT | Government has allocated shs3billion for studies into the efficacy of COVIDEX, a herbal solution that helps relieve symptoms associated with COVID-19. Prof. Patrick Engeu Ogwang, a clinical pharmacologist behind the herbal concoction revealed this to Uganda Radio Network in an interview. He, however, says …
Read More »Standard Chartered Bank launches Shs430million youth programme
Kampala, Uganda | THE INDEPENDENT | Standard Chartered Bank Uganda in partnership with Challenges Worldwide, a Kampala-based business development consultancy, has launched the scale-up of the Youth to Work (Y2W) phase III programme worth Shs430 million. The hybrid event that had participants attend both physically and online, took place in Kampala and …
Read More »Kenya to leverage global athletic status to boost tourism
Nairobi, Kenya | Xinhua) | Kenya plans to leverage its global athletic status in order to boost the tourism sector, Kenya’s Cabinet Secretary for Tourism and Wildlife, Najib Balala told journalists in Nairobi, Kenya’s capital on Thursday. Balala said that the country’s long-distance runners are an asset as they are …
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