Business

Kampala, Uganda | THE INDEPENDENT | Uganda will expect major telecommunication companies operating in the country to list 30% of their stock on the local bourse under a new policy intended to align operations in the sector with market realities. 256businessnews.com says the target is the two major mobile telephone …

  Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s Electricity Regulatory Authority has slightly reduced the electricity tariffs for the first quarter of 2019 compared with preceding quarter but not enough to stimulate industrial growth. The latest consumer tariff schedule shows that domestic consumers will now pay Shs718.9, down from Shs …

Beijing, China | AFP | China’s economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles to quell massive debt and a US trade war, official data showed Monday. The 6.6 percent growth comes in above the official …

Kampala, Uganda | THE INDEPENDENT | The government is suspending issuance of licenses to gambling and gaming companies. This was announced by State Minister for Finance David Bahati, at the closure of the 2019 Brethren Conference of the Diocese of Kigezi this afternoon. Bahati, who was representing President Yoweri Museveni …

  PUBLIC DEBT: Why is it growing? Is it prohibitive, unsustainable? Kampala, Uganda | ANDREW M. MWENDA | On January 10, I watched with increasing depression a debate about Uganda’s national debt on the NBS Frontline show. Although the Minister of State for Finance, David Bahati, made many good arguments …

  The value of loyalty: What the story of a simple attendant at a fuel station can help us learn about building successful organisations THE LAST WORD | ANDREW M. MWENDA | On Tuesday January 8, 2019 I passed a Total service station in Luzira to load Mobile Money. Because there was …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has commissioned the iconic Uganda Revenue Authority (URA) Tower, with a call on the on the institutions in Government to renew their strength towards fulfilling their main mission which is to see the economy grow. “Your role is to assist the …

Paris, France | AFP | During the years of ultra cheap money, companies loaded up on debt but now the concern is whether they will be able to handle the mountain of debt as interest rates rise. Until last year, companies basked in the sun of low interest rates while …

Tax body to save Shs3.8bn annually upon completion of the project Kampala, Uganda | THE INDEPENDENT | The newly constructed 23-floor Uganda Revenue Authority headquarters at Nakawa that President Yoweri Museveni will commission today, is designed as a one-stop centre to boost tax collection. Constructed in a record four years, the project will converge …

      Kampala, Uganda | ISAAC KHISA | Pan-African multilateral lender African Export-Import Bank (Afreximbank ) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding (OIH) to assist the company expand its pan-African activities in pursuit of its short and medium-term expansion strategy. The …