Business

Kampala, Uganda |  THE INDEPENDENT |  Uganda Revenue Authority senior commissioner Dickson Kateshumbwa has resigned. Dicksons Kateshumbwa, who had recently been taken to head the domestic taxes docket, said in an e-mail to staff that he had decided to end his tour of duty ahead of the contractual period with immediate …

    Kampala, Uganda | THE INDEPENDENT | One of Uganda Revenue Authority’s high profile Commissioners, Dicksons Kateshumbwa, has resigned. “Today after more than 14 years of service in the authority I have decided to end my tour of duty ahead of my contractual period with immediate effect,” he said in …

Kampala, Uganda |  THE INDEPENDENT |  The Finance Minister Matia Kasaija has said that the government does not have a provision for any fiscal stimulus for businesses that have been affected by the impacts of the COVID-19 pandemic. Several economists and players within the private sector have been calling upon the …

London, United Kingdom | AFP | Stock markets mostly rose and the dollar advanced Thursday, gaining traction from optimism over reopening economies and a huge EU coronavirus recovery package, dealers said. Asia bounded higher but Hong Kong failed to maintain early gains as investors fretted over a US decision to revoke …

Kampala, Uganda | THE INDEPENDENT | The Independent business writer, Isaac Khisa, has once again emerged as one of the five winners of the 2020 Pan-African Re-Insurance Journalist Awards organized by the leading Pan-African Reinsurance firm, Continental Reinsurance Plc. The virtual awards ceremony was held on May 27 2020, following the …

  Kampala, Uganda | RONALD MUSOKE | Chinese oil firm, CNOOC, has chosen not to pre-empt Tullow Oil’s sale of its assets in Uganda to Total according to a statement published on May 28 on Tullow’s website. “Tullow Oil plc announces that CNOOC Uganda Limited (CNOOC) has informed both Tullow …

Kampala, Uganda | THE INDEPENDENT | Uganda has asked Kenya to adjust its plan to have all goods heading to Uganda transported by train from Mombasa to Naivasha – in effect stopping trucks from going as far as the coast to pick cargo. It was one of several measures to …

Kampala, Uganda | Julius Businge | Top world leaders in government and private sector want tangible solutions to heal world economies that have been hit by coronavirus pandemic (COVID-19). They were speaking during celebrations for Africa Day 2020 facilitated by United Bank for Africa (UBA). The event was screened live across …

  Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the …

Kampala, Uganda | THE INDEPENDENT | The Uganda Tourism Board (UTB) has unveiled plans to aggressively market Uganda as the safest destination to visit after the COVID-19 but also re-brand destination Uganda. UTB Chief Executive Officer Lilly Ajarova said that the COVID-19 pandemic has put the world tourism sector back …