Thursday , November 14 2024

Business

Business news

UNRA suspends ferry services on lake Bisina

Kumi, Uganda |  THE INDEPENDENT |  The Uganda National Roads Authority- UNRA has suspended ferry services on Lake Bisina following the increasing water levels.  The ferry that has been connecting Kumi to Katakwi District and Karamoja region across Lake Bisina stopped operations on Sunday following flooding at Omatenga and Kokorio landing …

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DP calls for stringent measures against Human trafficking

Kampala, Uganda |  THE INDEPENDENT |  The Democratic Party-DP has asked the government to tighten the measures against human trafficking, saying many young Ugandans are likely to surrender themselves in the hands of traffickers because of the dire economic situation.   Government through the Gender, Labor and Social Development Ministry halted labour …

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UNBS to start enforcing maize grain and flour standards

Kampala, Uganda |  THE INDEPENDENT | The Uganda National Bureau of Standards has released standards for the maize industry targeting millers and parkers, and warned processors who have no certification to cease operations. Uganda produces an estimated 2.5 million tons of maize, with exports worth between USD 120 and 150 million …

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NSSF takes on agency service model to expand reach

Kampala, Uganda |  THE INDEPENDENT |  Contributors to the National Social Security Fund now have more channels through, which to access its services following the launch of the agency system.  NSSF, which has 17 branches across the country has set up temporary outreach centers in an attempt to attract more contributors. …

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Police arrest 25 Tororo vendors tyre burning during demo

Tororo, Uganda |  THE INDEPENDENT |  Police in Tororo district are holding 25 vendors who were arrested for allegedly staging illegal demonstrations in Tororo town. The vendors closed their lock ups in demands for the proper management of the park including payment of utilities, among others. The 25 vendors were arrested …

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Tough times for Africa’s upstream oil and gas

How is the Covid-19 pandemic impacting investment in large-scale oil and gas developments in sub-Saharan Africa? Ian Lewis sees tough times ahead Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with …

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Tax incentives induced by COVID-19 may be futile -NGOs

Kampala, Uganda |  THE INDEPENDENT |  The business community might have to forget the tax incentives that the government offered them to mitigate the effects of the COVID-19 pandemic on their businesses, as there is no necessary legislation to enable their enforcement.    The 2020/2021 budget was delivered under the theme: …

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Ham vs DTB court ruling

Experts warn of dire consequences for the private sector, government in relation to access to capital Kampala, Uganda | RONALD MUSOKE | Capital inflow in form of loans is big business in Uganda. In both the private and public sectors, loans secured from foreign investors boost service delivery, improve people’s …

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