Business

Separating fact from fiction Kampala, Uganda | RONALD MUSOKE | According to official figures, tourism contributed up to US$1.35 billion into Uganda’s export basket in 2016, and was the single highest foreign exchange earner; contributing 23.5% of total exports. Based on those figures, the tourism lobby; which has advocates on …

San Francisco, United States | AFP | Facebook announced Monday it has hired a digital forensics firm to investigate the handling of data on millions of Americans leaked to a consulting firm working on Donald Trump’s 2016 presidential campaign. The move by Facebook came amid an onslaught of criticism after …

Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda in partnership with the United Nations Capital Development Fund has intensified its drive for financial inclusion in Uganda by unveiling a new program called Mobile Money for the Poor (MM4P) that will ride on agency banking targeting refugees. The two partners recently …

Critics say shelving the proposed pension liberalization bill exposes the Shs 9 trillion fund to political and corporate governance risks Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund finally won the battle to retain its status as a mandatory scheme for all employees in informal and formal …

Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPA-U) on March 09 graduated308 in various courses including Accounting Technicians (AT-U) and Certified Tax Advisor (CTA). ICPAU President, Protazio Begumisa (CPA)said during the graduation ceremony held at the Imperial Royale Hotel that the Institute maintains …

Kampala, Uganda | THE INDEPENDENT | Uganda’s listed firms need to increase women on their boards to enhance inclusivity, according the Capital Markets Authority CEO Keith Kalyegira. Kelyegira, who spoke during this year’s International Women’s Day at the Uganda Securities Exchange under the theme ‘Women’s Role in Finance and Investment’ on …

Government move to stop telcos from selling SIM cards through agents could hurt the company’s revenue going forward Kampala, Uganda | ISAAC KHISA | MTN’s subsidiary in Uganda has recorded a surge in revenue for the year ended December 2017 amidst a sharp fall in subscriber base. The full year performance results …

Buenos Aires, Argentina | AFP | International Monetary Fund chief Christine Lagarde cautioned the United States against putting up barriers to trade in an interview published Sunday. “Trade wars leave no winners,” she said in the interview with Argentine daily La Nacion, responding to a question about President Donald Trump’s …

Kampala, Uganda | THE INDEPENDENT | Record keeping, formalizing business, paying taxes, forming groups or networks are among the key issues that Dfcu Bank is engaging women in business to do if they are to succeed. Last week, the bank organized financial literacy sessions in Kampala, Mbale, Gulu and Mbarara where …

Kampala, Uganda | THE INDEPENDENT | A Malaysian re-seller of Apple products was recently forced to cancel its warehouse sale after 11,000 people lined up outside its store for a chance to buy one of only 200 discounted gadgets. The shop in Kuala Lumpur, was supposed to host a clearance …