Santosh Gumte is the Managing Director for paint maker, Plascon Uganda Limited. He spoke to The Independent’s Julius Businge about the company’s business and related sector issues What opportunities have you outlined in the new budget whose implementation began on July 01? It is a good budget. It is a …
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UTB says offers are good but the process must be transparent Kampala, Uganda | JULIUS BUSINGE | Uganda’s tour operators are requesting government to offer them more tax incentives to boost investment in the sector even as trade experts say the move denies the economy of huge sums of money. …
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Why the new development could be bad news for the US, Europe and India Kampala, Uganda | ISAAC KHISA | As Russia’s President, Vladimir Putin, hosts more than 50 African presidents for the first-ever Russia-Africa Summit in Sochi on Oct. 24, top on the agenda will be how to sustain …
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Niamey, Niger | AFP | African leaders will meet Sunday in Niger for the African Union (AU) summit, to sign a landmark free trade agreement, and to discuss looming security and migration crises on the continent. In a “historic” moment for the 55-member bloc, according to its chairman Moussa Faki, …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has written to Justice Minister Kahinda Otafire, warning that no action should be taken on Uganda Telecom Ltd (UTL), without Cabinet approval. “As I have guided on several occasions, given the strategic importance of UTL to the economy, government has been …
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There is good news for Uganda which is investing heavily in the energy sector development projects to support economic activities. | THE INDEPENDENT | On June 14, Uganda was formally elected as the 101 member of the International Commission on Large Dams (ICOLD). This was announced at the ICOLD’s 87th …
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Kampala, Uganda | THE INDEPENDENT | Business owners in Uganda think the next one year will turn out well for their businesses. This has pushed them to hire more staff and increase their stocks, according to Stanbic bank’s monthly index. Three-quarters of company managers interviewed said they were optimistic the …
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Afreximbank says China and India have consolidated their positions as the continent’s single largest trading partners Kampala, Uganda | ISAAC KHISA | Africa’s output grew by 3.4 per cent between 2017 and 2018 despite the slowdown in global growth during that period, according to the African Export-Import Bank’s latest report. The …
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The bank’s assets grew 15% to $15 billion in 2018 Kampala, Uganda | ISAAC KHISA | Shareholders of Africa Import-Export Bank (Afreximbank) are set to earn $69million as dividends following record growth in profits in 2018. Last year, shareholders earned $57.53million. The decision was reached during the Annual General Meeting …
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The oil and gas sector continues to interest different players hoping to make some money out of it. Kampala, Uganda | JULIUS BUSINGE | At one of the events organised by the Petroleum Authority of Uganda and National Environment Management Authority, a big crowd of 8, 000 people attended to …
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