Move to save taxman Shs3.8bn in rental and administrative costs Kampala, Uganda | ISAAC KHISA | Uganda Revenue Authority has shut down six service centres in Kampala as it relocates most of its services to the newly built URA Towers. The service centres that have been relocated to the new office …
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Kampala, Uganda | THE INDEPENDENT | Enhanced water company Vitaminwater, Coca Cola-owned company, recently launched a contest challenging entrants to give up their smartphones and tablets for a whole year. That’s a tough thing to do in this day and age, but the company is ready to make it worth your …
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Kampala, Uganda | THE INDEPENDENT | The Petroleum Authority of Uganda (PAU) has approved US$483 million, equivalent to 1.7 trillion Shillings as recoverable costs by five oil companies. The companies are Tullow, Total, China National Offshore Oil Company (CNOOC), Armour Energy and Oranto. According to Ernest Rubondo, the Chief Executive of …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s coffee sector has 3.7million Euros boost to help increase market access to the largest and most lucrative markets in the world. The EU accounts for 30% of the annual global coffee consumption. Finance Minister, Matia Kasaija said, “This intervention will in return help improve …
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Kampala, Uganda | THE INDEPENDENT | The first-ever Intra-African Trade Fair (IATF) to be held on the continent was held in Cairo, Egypt, between Dec.11-17, with the President of the African Export-Import Bank, Prof. Benedict Oramah, calling for the implementation of initiatives that will add meaning to that African Continental Free …
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Kampala, Uganda | THE INDEPENDENT | South African retailer, Shoprite, has taken over space which was vacated by Nakumatt supermarkets at Westgate Mall in Nairobi, becoming the anchor tenant at the shopping complex. Kenya’s Business Daily reported on Nov. 14 that Shoprite store located at the mall’s ground floor will be …
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Kampala, Uganda | THE INDEPENDENT | Taxi hailing company Uber has introduced a 24-hour telephone support service on its app owed to increased demand. Previously, they had to rely on the US firm’s in-app messaging service for assistance or were forced to visit the Uber website for help. “Our new 24/7 …
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Kampala, Uganda | JULIUS BUSINGE | French Development Finance Institution, Proparco has arranged a US$30m senior debt facility to support dfcu bank in bridging the long-term financing gap for small businesses. Proparco extended financing of US$15m alongside US$15m from FMO (the Dutch Development Bank) to dfcu. The facility is primarily earmarked …
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Kampala, Uganda | THE INDEPENDENT | Rwanda’s national carrier, RwandAir, hopes to use the West Africa hub of Accra to feed its direct flights to the US once it gets the final approval from the Ghana Civil Aviation Authority (GCAA) and the US Federal Aviation Agency (FAA). A statement from the …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Shilling has strengthened against the dollar and other currencies as the festive season sets in. The Shilling has been trading in the range of 3,650/90 throughout the week, a marked gain compared to previous weeks. Money market watchers attribute the strengthening of the …
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