Business

Kampala, Uganda | THE INDEPENDENT | Equity Bank with dominant presence in Uganda has set up a Commercial Representative Office in Addis Ababa, Ethiopia as it prepares to commence operations. The Bank has appointed Hassan Maalim as the Head of the Commercial Representative Office which will be based at Kazanchis-Addis Ababa …

It aims at putting citizens at the centre of its formulation, implementation Kampala, Uganda | JULIUS BUSINGE | “The budget is no longer interesting to us. We no longer listen to it because it does not give information that we want as farmers. Many years ago, the minister would read …

The devil lies in the complicated negotiations for implementation | Yinka Adegoke | May 30, 2019 was a notable date in African economic history as the day the African Continental Free Trade Area (AfCFTA) came into effect, after which it comes to market on July 7. In a nutshell, it …

Local consumers and businesses – not the exporting countries – will pay the price Kampala, Uganda | ISAAC KHISA | The good news coming from the Nakawa-based Uganda Revenue Authority (URA) is that local firms, will effective July this year, be protected from external competition as government increases taxes on …

  It’s Total disaster Kampala, Uganda | HAGGAI MATSIKO | Uganda’s oil sector has been thrown into another toss up after President Yoweri Museveni cancelled a highly anticipated meeting on June 05 between him and oil production company executives; The Independent can exclusively report. The meeting was to be a …

Kampala, Uganda | THE INDEPENDENT | Several officials from the Bank of Uganda and the Civil Aviation Authority are being questioned following an anomaly with a consignment belonging to the central bank. According to a Statement issued by the Central Bank Governor Emmanuel Tumusiime Mutebile the investigation is in relation …

Kampala, Uganda | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) yesterday in Malabo received the award for the African Bank of the Year at the African Banker Awards 2019 ceremony held on the sidelines of the Annual Meetings of the African Development Bank. Amr Kamel, Afreximbank’s Executive Vice President …

Kampala, Uganda | THE INDEPENDENT | The State House Anti-Corruption Unit has confirmed they grilling several Bank of Uganda officials in relation to an investigation of a dubious recent procurement. Media in Kampala are reporting the investigation is about a recent procurement of new currency notes. Reports indicate there was extra …

  Nairobi, Kenya | AFP |  Democratic Republic of Congo President Felix Tshisekedi said Thursday that his country was seeking to join the East African Community, a regional political and economic bloc. The DRC shares borders with four of the six members of the bloc, and Tshisekedi said on a …

Kampala, Uganda | THE INDEPENDENT | Ugandan traders whose goods and containers have spent more than 30 days at Mombasa port have a chance to clear their goods after a waiver of fees by the Kenya Ports Authority. According to KPA, only goods that have spent their 30 days and more will …