Business

Kampala, Uganda | THE INDEPENDENT  | Former employees at Dunamiscoins Resource Centre Ltd, a blacklisted cryptocurrency exchange have hinted that security agencies opted for soft targets in the scam that saw thousands of Ugandans lose billions in deposits. Dunamiscoins was operating a money lending business with branches in Masaka, Ndeeba, Mbale, …

London, United Kingdom | AFP | Prime Minister Boris Johnson on Tuesday challenged US opponents of Britain’s potential decision to let China’s Huawei telecoms giant develop its 5G network to come up with a better choice. Johnson’s comments came one day after a US delegation arrived in London for a …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) Commissioner General Doris Akol has called for the amendment, and in other cases abolition of several tax laws, including the OTT (Over-the-top media service). She has also called for an amendment of the Tax Procedure Act to allow for installment …

Isimba and Karuma power stations are expected to boost its earnings Kampala, Uganda | JULIUS BUSINGE | Officials at Uganda Electricity Generation Company Limited (UEGCL) are hoping to record improved performance after posting the first net profit in 18 years. The company reported at the end of last year that …

But 2021 general election might affect pace of growth Kampala, Uganda | ISAAC KHISA AND PATRICIA AKANKWATSA | Companies, businesses and ordinary folks are cautiously optimistic that 2020 will be a better year though projections point to a rough business terrain owed to the much anticipated competitive 2021 election campaigns. …

Kampala, Uganda | THE INDEPENDENT  |  Uganda’s oil sector is dominated by political interference, with many players forced to have the president’s say before making any important decisions, researchers have said.   Writing a chapter in a recently published book on Uganda’s oil sector, Dr Badru Bukenya, an academic at Makerere University …

 Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …

Kampala, Uganda | THE INDEPENDENT | Uganda’s oil sector is dominated by political interference, with many players forced to have the president’s say before making any important decisions, researchers have said. Writing a chapter in a recently published book on Uganda’s oil sector, Dr Badru Bukenya, an academic at Makerere …

Case of Africa’s troubled richest woman casts new light ANALYSIS | THE INDEPENDENT | When the former long-serving leader of Zimbabwe, Robert Gabriel Mugabe died on September 06, 2019, attention almost immediately turned to the wealth he is alleged to have looted while in office and those likely to benefit …

Kampala, Uganda | THE INDEPENDENT | Africa’s largest telecom firm, MTN, has agreed to sell its towers businesses in Uganda and Ghana as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East. Clashes with regulators in Nigeria, Uganda and elsewhere have crimped …