Friday , September 20 2024
Home / Business (page 481)

Business

Business news

East African trade wars

Petty rivalries blamed for endless regional trade disputes Kampala, Uganda | RONALD MUSOKE | East African Community economies might be growing at an unprecedented rate but experts say emerging nationalism and protectionism policies could hurt integration in the long run. Uganda, Kenya and Tanzania are currently locked in several trade disputes …

Read More »

Women NGO wants minimum wage to protect employees

Kampala, Uganda | JULIUS BUSINGE | There is an urgent need to prioritise the revisions on the proposed minimum wage bill to protect the interests of employees and boost their morale at work according to Eunice Musiime, the executive director for Akina Mama wa Afrika, a feminist-Pan-African leadership development organization. Musiime …

Read More »

Plug revenue leakages-Museveni

Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority must install big scanners at all entry and exit points to boost revenue collection, according President Yoweri Museveni. President Museveni, who was speaking during the recently concluded symposium dubbed ‘first science model workshop’ organised by URA in partnership with the African Tax …

Read More »

Uganda loses 30 to 39% of VAT revenues – Study

Kampala, Uganda | THE INDEPENDENT | Uganda loses between 30 and 39 percent of revenues that should be collected through Value Added Tax (VAT). This is contained in a research paper titled “The Value Added Tax Gap Analysis for Uganda” authored by Economic Policy Research Centre (EPRC) researchers Corti Paul Lakuma …

Read More »

Kiruhura RDC orders crack down on illegal money lenders

Kampala, Uganda | THE INDEPENDENT | The Deputy Resident District Commissioner Kiruhura has ordered police to crack down on illegal money lenders. The order stems from increasing complaints in which many borrowers continue to lose property to illegal money lenders. The directive comes barely a day after a team from the …

Read More »

Mozambique lawyers sue US gas giant over land deal

Maputo, Mozambique | AFP | Lawyers in Mozambique are suing US fossil fuel giant Anadarko to block its planned $20 billion gas project, arguing the land was illegally taken from locals, according to a statement published Friday. Anadarko is one of the global companies investing billions of dollars to exploit …

Read More »

Leaders accused of frustrating operations against illegal fishing

Politicians have been accused of frustrating operations against illegal fishing on Lake Victoria. Kampala, Uganda | THE INDEPENDENT | The commander of UPDF- Fisheries Protection Unit in the districts of Jinja, Kamuli, Mayuge, Buyende and Bugiri, Lt. Ronald Akandwanaho says that ever since Members of Parliament raised concerns of alleged torture …

Read More »

Pharmaceuticals asked to penetrate local market

Kampala, Uganda | THE INDEPENDENT | The Minister of Trade, Industry and Cooperatives, Amelia Kyambadde has urged pharmaceutical industries in Uganda to work towards increasing the size of the local market that they serve. Kyambadde who visited Kampala Pharmaceutical Industrial Ltd on Thursday evening as part of ministerial tour to mark …

Read More »

Conflict of interest cited in Global Trust Bank sale

Kampala, Uganda | THE INDEPENDENT | Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has cited possibility of conflict of interest in the sale of Global Trust Bank to DFCU. The committee in Friday continued its investigation into a decision by Bank of Uganda (BoU) to sale the Bank …

Read More »