Business

It’s a great coup for Sipa, say partners as deal dominates meeting of experts from 40 countries Kampala, Uganda | RONALD MUSOKE | The British metal and mining corporation, Rio Tinto, has signaled an interest in Uganda in a move that is being seen as a return of confidence. The news …

Kampala, Uganda | RONALD MUSOKE | Over the last few years, Uganda’s cement industry has drastically changed. Hima and Tororo Cement factories have undergone major upgrades while at the same time; there has been entry of new players – Simba and Kampala Cement. The Independent’s Ronald Musoke spoke to Hima Cement’s …

Kampala, Uganda | JULIUS BUSINGE | Online shop, Jumia Uganda has announced Ron Kawamara as new chief executive officer. Ron has previously served as the regional managing director of Jumia Food, East Africa, and brings his wealth of experience in the African e-commerce industry, officials announced at a press conference at …

Government hopes new dams will drive tariffs downwards Kampala, Uganda | JULIUS BUSINGE | Electricity consumers grappling with surging energy bills have at least got some relief as the industry regulator reduces tariffs for the next three months. But they are not overall better off, compared with four years ago. The …

Kampala, Uganda | THE INDEPENDENT | Kenyans will pay more for paints, resins and shoe polish on increased cost of kerosene, putting pressure on housing and furniture costs. The country’s Business Daily reported on Oct. 11 that the imposition of 8% value added tax (VAT) and Sh18 adulteration fee per litre …

Kampala, Uganda | THE INDEPENDENT | Emirates airline has won the Aviation 100 ‘Middle East and Africa Airline of the Year’ accolade, awarded by Airline Economics magazine, it said on Oct.10. The Aviation 100 awards recognises the sector’s most outstanding performers as well as the most innovative and successful finance and …

Kampala, Uganda | THE INDEPENDENT | The government should work towards scrapping the 1% mobile money and Shs200 social media taxes in a bid to promote financial inclusion. This is the view of the Principle of Makerere University Business School, Prof. Waswa Balunywa. Balunywa, who was on Oct.08 speaking at a …

Kampala, Uganda | IAN KATUSIIME | It was a night of glory for Stanbic Bank when Samuel Fredrick Mwogeza, the Chief Financial Officer won top honours at the 2018 CFO Awards on Oct. 18 at a ceremony held at Kampala Serena Hotel. Mwogeza scooped the CFO of the Year and Strategy Execution …

London, United Kingdom | AFP | British former deputy prime minister Nick Clegg, a leading anti-Brexit advocate, said on Friday he would be starting a job at Facebook, as the US giant faces up to regulatory pressures. “I am delighted to be joining Facebook. After almost 20 years in European …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda starts their “20 years in Uganda” celebrations with a futuristic expo at Kololo on Friday. “Celebrating the past, inspiring the future”, is the theme of a six-month-long celebration campaign to mark the double decade milestone of MTN’s existence in Uganda. The expo …