Business

Chinese firm, Tian Tang Group, has opened the Sino-Mbale Industrial Park in eastern town of Mbale, an investment its executives say will create at least 2,000 jobs to the local population. Mbale, Uganda | JULIUS BUSINGE | The firm’s executives say three investors have already set up in the park …

  African countries have a long way to go as they continue being recipients of blockchain technologies Kampala, Uganda | JULIUS BUSINGE | Blockchain technology has recently emerged as one of the biggest innovations in the world. Michael Niyitegeka, a Kampala based information technology expert explained to this reporter that …

  Kampala, Uganda | JULIUS BUSINGE | After five years at the helm of Barclays Bank Uganda as Managing Director, Rakesh Jha has left, according to a media release dated July 15. Insiders say he has left because of personal reasons.  During his tenure, the bank was seen to be …

  Economists say significant challenges remain, including poor road and rail links, excessive border bureaucracy and petty corruption | THE INDEPENDENT | On July. 07, African nations officially unveiled a landmark trade agreement at the African Union Summit in Niamey, Niger, with the long sought-after agreement hailed as a historic …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority collected 16.6 trillion Shillings, much more than it had estimated in the just-ended financial year. Against a target of sh16.4 trillion, the tax body registered a surplus of sh259 billion, the biggest in its entire history. Compared to the 2017/18 financial …

Kampala, Uganda | THE INDEPENDENT | Alvin Mbugua, a finance guru from Kenya,  has rejoined Uganda Breweries Ltd (UBL) as Managing Director. He took over July 1 from Ugandan Mark Ocitti Ongom who moves to Serengeti Breweries Limited in Tanzania, as Managing Director. “I am humbled to be entrusted with …

  Kampala, Uganda | THE INDEPENDENT | Amirali Karmali, the proprietor of Mukwano Industries Uganda Limited is dead. The entrepreneur died quietly on Wednesday evening at his home in Kololo, according to reports. Karmali, born in the 1930s is the father to Alykhan Karmali, who is currently running the family …

Kampala, Uganda | THE INDEPENDENT | Business leaders in Kampala have asked government to immediately make preparations to tap into the opportunities of the continental free trade agreement. This means government must emphasize standards, skilling of the workforce and value addition to local produce to compete favourably on the continent. …

Santosh Gumte is the Managing Director for paint maker, Plascon Uganda Limited. He spoke to The Independent’s Julius Businge about the company’s business and related sector issues What opportunities have you outlined in the new budget whose implementation began on July 01? It is a good budget. It is a …

UTB says offers are good but the process must be transparent Kampala, Uganda | JULIUS BUSINGE | Uganda’s tour operators are requesting government to offer them more tax incentives to boost investment in the sector even as trade experts say the move denies the economy of huge sums of money. …