Business

Kampala, Uganda | THE INDEPENDENT | The Minister for Energy and Mineral Resources Irene Muloni has refuted allegations that sh24 billion meant for the construction of a bridge at Isimba Dam was swindled. Last week, the Speaker of Parliament Rebecca Kadaga told MPs that the funds were embezzled by Ministry …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Public Accounts Committee (PAC) has directed a forensic audit into a 2.2 million US Dollars World Bank project grant extended to the Finance Ministry. The 8.4 billion Shillings project was extended to the Ministry by World Bank’s multi-donor trust fund- the Energy Sector …

Airtel, Africell likely to face similar fate as government seek more revenue Kampala, Uganda | ISAAC KHISA | MTN Uganda might pay higher licence fees than had earlier anticipated following the regulator’s decision to introduce a new licensing regime. The Uganda Communication Commission, in its latest licensing framework, states that …

Buvuma , Uganda | THE INDEPENDENT  | Travelers to Buvuma Island have to part with more money following a hike in the boat fares. Boat operators decided to hike their failure because of the suspension of ferry services from Kiyindi landing site in Buikwe District to Kirongo landing site in Buvuma …

Mbale, Uganda | THE INDEPENDENT | One person is nursing wounds at Mbale Regional Referral Hospital following a fire outbreak at a waragi processing plant in Mbale.  The injured, whose identity hasn’t been established, was rushed to hospital by residents who rushed to the building in Wagagai Cell in Nkoma …

Washington, United States | AFP |  HP Inc. said Sunday it turned down a $33 billion hostile takeover bid from Xerox, saying it undervalued the computer and printer maker. But the HP board said it still would like to discuss the possibility of reaching a deal with its rival, a …

Johannesburg, South Africa | AFP |   South African unions on Sunday called on all aviation workers to join striking South African Airways (SAA) staff after the cash-strapped airline failed to meet their demands. The country’s embattled flag carrier has been losing 52 million rand ($3.5 million) per day since more …

 Kayunga, Uganda | THE INDEPENDENT  |  More than 300 out-growers in Kayunga district are stuck with their canes  after failing to acquire selling and transportation permits from the Sugar Corporation of Uganda Limited-SCOUL.  SCOUL introduced the system of giving out loans to farmers who wanted to start growing sugarcane in 2001 …

Kampala, Uganda | THE INDEPENDENT  |  Uganda Revenue Authority has bowed to traders’ pressure to allow them to pay taxes for their goods when they enter Uganda.   The tax body had directed that all imported goods be cleared from the port of entry under the single customs territory. This meant that …

Kampala, Uganda | THE INDEPENDENT  |  International Joint Venture Partners operating in Uganda’s Oil and Gas Sector have cautioned the Country’s Small and Medium Enterprises to expect no compromise in procurement in the industry.     They say they are committed to maintaining a high standard in the industry while sub-contracting to …