Kampala, Uganda | THE INDEPENDENT | Deliberate falsification of invoices and manipulation of customs rules by organizations and individual traders is costing Uganda trillions of shillings in revenue, a new study has shown. A study by the Washington-based organisation Global Financial Integrity (GFI) released today March 3, 2020 examined Uganda’s trade …
Read More »BoU predicts strong economy in three years
But government needs to focus beyond fighting locusts and coronavirus Kampala,Uganda | JULIUS BUSINGE | Uganda’s economy is expected to remain strong supported by an accommodative monetary policy and the resultant growth in the private sector credit, latest data from Bank of Uganda shows. The data contained in the February …
Read More »Amuru RDC dragged to court over impounded charcoal
Amuru, Uganda | THE INDEPENDENT | A Kampala based businesswoman, Sumbuwa Shamim Lala, has dragged Amuru Resident District Commissioner– RDC and Amuru District Local Government to Court for impounding his charcoal. Through Alaka & Company Advocates, Sumbuwa is demanding a compensation of 38,270,000 million Shillings in special damages suffered after the …
Read More »Dusty road Irks Kalungu town council residents
Kyamulibwa, Uganda | THE INDEPENDENT | Traders in Kyamulibwa and Kalungu town councils in Kalungu district are up in arms of the sorry state of the road that runs through their area. They claim that the road is very dusty and filled with potholes, which affects their businesses and traffic flow. …
Read More »Coca-Cola Beverages Africa boosts women in business
Kampala, Uganda | Julius Businge | In a bid to boost trade CocaCola Beverages Africa has (Feb.27) handed over coolers to women as part of its corporate social responsibility function. The company has this year alone issued out 1851 coolers to its customers across the country to aid their sales and boost …
Read More »Booming business of the booty-ful nut of the Seychelles
Au Cap, Seychelles | AFP | It is the world’s largest seed, and with a shape suggestive of a woman’s hips and myths of love-making powers, the coco de mer is an icon of the Seychelles. With a 10-kilogramme (22-pound) coconut wedged between his feet, experienced nut cutter Christophe Bristol uses …
Read More »Gender ministry suspends six Ugandan labour recruitment firms
Kampala, Uganda | THE INDEPENDENT | The Ministry of Gender, Labour and Social Development has suspended the activities of Middle East Consultants and five other Uganda labour recruitment firms for charging illegal registration and placement fees. The acting Permanent Secretary, Ministry of Gender, Labour and Social Development James Ebitu has written …
Read More »US consumer firm to invest more in Uganda
Kampala, Uganda | THE INDEPENDENT REPORTER | Procter & Gamble (P&G) President for Asia Pacific Middle East and Africa (AMA), Suranjan Magesvaran was in Uganda last week to re-affirm the company’s commitment to invest more in Uganda. Magesvaran met with the Minister of the Presidency, Esther Mbayo at the Statehouse in Kampala. …
Read More »Nepal appoints Sudhir representative to Uganda
Kampala, Uganda | THE INDEPENDENT REPORTER | Businessman Sudhir Ruparelia has been appointed first honorary Consul of the Republic of Nepal. Sudhir was recently confirmed by Bidhya Devi Bhandari, the Nepalese President after he successfully presented his credentials to the Foreign Affairs Ministry. A billionaire, Sudhir, is the founder …
Read More »Uganda’s ‘social protection’ still low
What is social protection and what does it mean to the common person in a poor country like Uganda? Kampala, Uganda | PATRICIA AKANKWATSA | This is one major question that comes into one’s mind after reading the latest Economic Update released by the World Bank in Kampala on Feb.14. …
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