Martin A. Nsubuga was confirmed as the Chief Executive Officer for Uganda Retirement Benefits Regulatory Authority (URBRA) in June 2019. He broadly spoke to The Independent’s Julius Businge about his plan and emerging issues in Uganda’s pension sector. What is it that you have started off with as substantive CEO? …
Read More »MTN Uganda records 30.5% growth in revenue to Shs765bn
Top managers are still engaging the government on its licence renewal Kampala, Uganda | ISAAC KHISA | MTN Uganda has recorded a 30.5% growth in revenue to Shs765.32bn for the first six months ending June.30 owed to the increase in demand for data and fin-tech services, according to its latest …
Read More »Behind Sudhir win
SUDHIR CASE: Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE & ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for …
Read More »URA explains tower leaks after hailstorm hits Nakawa
Kampala, Uganda | THE INDEPENDENT | Heavy rain with strong winds today hit Nakawa, momentarily affecting operations one of the 23 floors of the new Uganda Revenue Authority (URA) Tower. Water leaked onto the work area, through the louvers. URA confirmed the development, saying they will come up with a …
Read More »China runs to the WTO, lodges trade complaint against US
Beijing, China | AFP | China said Monday it had lodged a complaint against the United States with the World Trade Organization (WTO), one day after new tariffs imposed by Washington on billions of dollars worth of Chinese goods came into force. The world’s two biggest economies have been embroiled …
Read More »Why drone operators are considering insurance
Kampala, Uganda | THE INDEPENDENT | Christopher Darlington is a drone pilot and mechanic. He shoots music videos, ceremonies and documentaries for his clients. He charges between Shillings 300,000 and 500,000 and is glad business is available. Darlington looks forward to the first and last two months of the year because …
Read More »Behind Sudhir win
Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for lost business …
Read More »Kabale pineapples go to waste after Maziba wine factory fails to take off
Kabale, Uganda | THE INDEPENDENT | The multi-million Maziba Wine plant in Maziba Sub County in Kabale district is yet to start operating many years after it was commissioned. The factory that is located at Maziba Sub county headquarters was commissioned by President Yoweri Kaguta Museveni in June 2015 to …
Read More »ICPAU: 1300 accountants to brainstorm at annual seminar in Entebbe
Entebbe, Uganda | JULIUS BUSINGE | Up to 1300 accountants are expected to attend the 24th ICPAU Annual Seminar from Sept.4-6 at the Imperial Resort Beach Hotel, Entebbe. The annual seminar is the premier event for accountants in Uganda. It was inaugurated in 1995 by Certified Public Accountants of Uganda …
Read More »Could cryptocurrency dethrone the US dollar?
London, United Kingdom | AFP | Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic Currency” at the recent …
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