Kampala, Uganda | THE INDEPENDENT | Manufacturers, importers and distributors have accused the Uganda National Bureau of Standards – UNBS of applying the laws selectively, which they say, promotes unfair competition in the economy. This comes as UNBS prepares to launch enforcement of the new requirements for the sale and labeling …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has partnered with the United Nations and other funding agencies to create an enterprise fund that will provide low-cost financing for informal sector businesses to enable them recover from the impact of the COVID-19 pandemic. Dubbed the Economic Enterprise Restart fund (EERF), it will aim to …
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Johannesburg, South Africa | THE INDEPENDENT | The e-Conomy Africa 2020 report released today by Google and the International Finance Corporation (IFC), estimates that increased access to faster and better quality internet, and Africa’s commitment to creating the world’s largest single market under the African Continental Free Trade Area, …
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Kampala, Uganda | THE INDEPENDENT | The banking sector is advising investors and other private sector borrowers to re-think their investments and investment plans because the attractiveness of investments to credit has been highly affected by the COVID-19 pandemic. The pandemic scared lending institutions away from the private …
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The taxman had expected to collect Shs42.5bn in principal and penal tax from NSSF contributors Kampala, Uganda | JULIUS BUSINGE | It became official on Nov. 02 that the National Social Security Fund will not be remitting income tax to Uganda Revenue Authority on the interest rate that it pays …
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Technology, network expansion and investments in a new pole plant will drive revenues up going forward, executives say | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited has reported a sharp rise in revenue from Shs54bn in FY2017/2018 to Shs70bn in FY2018/2019 citing increased electricity network in rural areas. Paul …
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Kampala, Uganda | THE INDEPENDENT | The financial sector leaders have chosen to strengthen regulation to grow the stock market as opposed to relaxing rules to attract companies to listing shares. They say strong regulation of the sector gives confidence to serious investors that their investments will be safe while relaxing …
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Local employer lobby extends translation and supervisory skills services to the investors Kampala, Uganda | RONALD MUSOKE | For two decades now, hundreds of Chinese investors have flocked into Uganda to establish businesses but amongst the biggest challenges the Southeast Asian entrepreneurs often grapple with is “culture shock,” according to …
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Kampala, Uganda | THE INDEPENDENT | The newly upgraded Stanbic Bank Uganda contactless Visa card that was launched in Kampala today, will make it easier, safer, and faster for customers to transact, and completely remove the need to withdraw or handle cash. The new card will have the latest technological applications that …
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Tough times ahead as miscalculated spending, political activities and coronavirus threaten fast recovery of economic activities Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy has been on a recovery path following the easing of COVID-19 pandemic lockdown restrictions, but the uncertainty surrounding the upcoming general elections is the latest concern, economists …
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