Kampala, Uganda | THE INDEPENDENT | Uganda’s aviation industry is slowly picking up as countries open airspaces, according to airline operators and travel agents. They, however, say that the situation in Uganda is a reflection on the aviation industry globally. Entebbe Airport used to handle more than 120 flights a day, …
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NEWS ANALYSIS | THE INDEPENDENT | Uganda is expected to get USD 14.6 million (about sh55 billion) as capital gains tax on the sale of oil and gas interests in Uganda by Tullow Oil to French multinational oil and gas company TOTAL SE. The long-drawn-out process of Tullow Oil exiting Uganda …
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Kalangala, Uganda | THE INDEPENDENT | The government has obtained a 32 billion shillings loan to construct a seven-kilometre power submarine cable connecting Kalangala district (Ssese islands) to the mainland at Masaka. The sh32 billion loan has been secured from African Development Bank to construct the first power submarine cable and connect …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank has introduced attractive vehicle asset financing packages to enable Ugandans easily acquire Ford cars. Stanbic bank Uganda and Ford Motor Company will provide a unique credit solution to help individuals and companies solve their vehicle and asset financing requirements as an effort to …
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Lira, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has flagged off the tarmacking of Masindi-Pader to Acholibur Highway. The upgrade of the 191km road running from Rwenkunyu in Masindi through Apac and Lira to Puranga town in Pader district is expected to begin around November following the launch of …
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Kampala, Uganda | THE INDEPENDENT | French oil major Total, the Ugandan government and Tullow have resolved tax disagreements that have delayed the sale of a $575 million stake that is key to ensuring Uganda produces first oil in three years’ time. “Government of Uganda and the Ugandan Revenue Authority have executed a …
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But the lender faces an uphill task of looping its customers onto it Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda, is embarking on a digital transformation journey aimed at decongesting customers in the banking halls, cutting down operational costs and driving profits upwards. This follows the …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament have asked the government to reduce domestic borrowing as a means to finance the budget saying it will crowd out the private sector. The MPs were today meeting the Ministry of Finance and the Uganda Revenue Authority (URA) to consider two loan …
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Kampala, Uganda | Julius Businge | Absa Bank Uganda and International Finance Corporation, a member of the World Bank Group, have partnered to train over 300 Ugandan small and medium-sized enterprises to help them assess business risks, adapt their business models, and navigate the difficult operating environment caused by COVID-19 pandemic. …
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Kampala, Uganda | THE INDEPENDENT | A section of market vendors has written to Kampala Capital City Authority-KCCA Executive Director Dorothy Kisaka to expedite the repossession of markets by the government. Last month, President Museveni directed that KCCA repossess all government markets, dissolve all conflicting leaderships and organize fresh elections. The …
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The Independent Uganda: You get the Truth we Pay the Price