Thursday , November 14 2024

Business

Business news

Bus transport business hit hard by changes at Rwanda border

Kampala, Uganda | THE INDEPENDENT | Trinity Bus Company has resumed service across the Uganda-Rwanda border, but are struggling due to new restrictions. A Trinity Bus official told our reporter on condition of anonymity that they were allowed by security and Rwanda Revenue Authority officials to cross from Rwanda to …

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URA warns about stuck trucks, Rwanda yet to respond

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has warned that goods on stuck trucks at the border could be lost, while others pose a danger. Many of the trucks are carrying perishable goods such as mangoes and cassava and others were carrying petroleum products.  Ten Rwanda registered trucks, 47 …

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KCB Bank aids 20 business club members to Tokyo

Kampala, Uganda | JULIUS BUSINGE | Twenty members of KCB Bank Uganda’s Business Club at the weekend flew to Tokyo, Japan as part of the bank’s annual entrepreneurial drive. In Japan, the members will meet possible suppliers and marketers for their goods and services and also see cheaper technologies that …

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Afreximbank opens registration for 2019 annual meetings

Kampala, Uganda | THE INDEPENDENT | Registration for the 2019 Annual Meetings of the African Export-Import Bank (Afreximbank), which will be held in Moscow, has opened, according to information released today by the Bank. Afreximbank announced in Cairo that intending participants for the meetings, dubbed AAM2019, could register by visiting …

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BATU records Shs13.7bn net profit

Good 2018 results amidst tough operational environment Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda Limited (BAT) has recorded an increase in profit after tax of Shs1.6bn to Shs13.7bn for the year ended December 2018 amidst the operational environment that the company’s top management described as ‘tough’. Financial …

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Airtel takes on rivals with 4G internet

New initiative expected to drive the company’s revenue growth Kampala, Uganda | ISAAC KHISA | Airtel Uganda has unveiled a fourth generation (4G) internet services, stepping up the battle for customers in country’s telecommunication market. MTN Uganda and Africell unveiled their 4G services in 2015 and 2016 respectively, with the …

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Police investigates death of Swedish national

Kampala, Uganda | THE INDEPENDENT | Jinja Police are investigating the death of 75-year-old Takis Pacis, a Swedish national. His lifeless body was found lying on a sofa set inside his residence along Kisinja road in Jinja municipality on Monday morning. The deceased was the proprietor of Bohemia resort along …

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CSOs warn about Sh2.7 trillion tax arrears

Escalating tax arrears likely to hurt service delivery, CSOs warn Kampala, Uganda | THE INDEPENDENT |  Civil Society Organizations (CSOs) have expressed concern over the growing tax arrears worth Sh2.7 trillion which government has failed to pay on behalf of contractors. Regina Navuga, a program officer at Southern and Eastern …

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