Moscow, Russia | Isaac Khisa | As part of the Russia–Africa Economic Conference in Moscow, Russia, the Roscongress Foundation, African Export-Import Bank (Afreximbank), and the Russian Export Center (REC) on June.21 signed an agreement to cooperate on establishing effective communication between expert communities and business circles in the Russian Federation and …
Read More »Afreximbank launches strategy for export trading companies
Moscow, Russia | Isaac Khisa | The Afreximbank Strategy for Export Trading Companies was launched in Moscow on June 20, during the open Russia–Africa Economic Conference, part of the Afreximbank Annual Meetings with the support of the Roscongress Foundation and Russian Export Center. The panellists included Managing Director of Afreximbank Intra-African …
Read More »Money Talk Symposium
NSSF, experts tell members to save beyond the 5% they remit monthly Kampala, Uganda | JULIUS BUSINGE | Do you spend less and invest more of your income a head of your retirement? Will you have enough monetary resources upon retirement? Will there be any impact upon taking your …
Read More »Rethinking tax incentives
Researches, experts say there is limited evidence to show these offers attract investors Kampala, Uganda | PATRICIA AKANKWATSA | Tax incentives are part of Uganda government’s top priorities for attracting foreign investors and new businesses. From prospective investments in agribusiness to hospitality, and from steel to textile industries, tax incentives …
Read More »Delays on the Kampala flyover to cost sh300m daily, UNRA warns
Kampala, Uganda | THE INDEPENDENT | Uganda risks losing sh300 million every day if there are any delays in the Kampala Flyover Project that started last month. The sh224 billion project, undertaken by Japan International Cooperation Agency (JICA) involves the construction of flyovers at the Clock Tower, and at Kitgum …
Read More »KADAGA: Parliament’s hands tied on UTL
Kampala, Uganda | THE INDEPENDENT | Both parliament and the executive can’t take any unilateral decision on the administration of Uganda Telecom Limited (UTL), Speaker of Parliament Rebecca Kadaga has ruled. She made the ruling during plenary on Tuesday in response to last week’s request by Aringa South MP, …
Read More »Truck drivers to face refresh driving courses
Kampala, Uganda | THE INDEPENDENT | Truck drivers are to undergo a refresher driving course in the next two months as one of ways of minimizing accidents, Baylon Kinene, the Chairperson of the Regional Lorry Drivers and Transport Association (RLDTA) has revealed. Kinene told Uganda Radio Network (URN) in an …
Read More »Museveni hails China for support, says World Bank ‘not serious’
Beijing, CHINA | THE INDEPENDENT | President Yoweri Museveni has lashed at the World Bank for telling Uganda that countries that “build railways use own money.” He said that such a statement from an economist that purports to support Africa’s transformation through private-sector led growth shows that some actors are …
Read More »How you will benefit from the 2019/2020 budget
It is pro-growth, pro-poor; what is important is pushing for its effective implementation Kampala, Uganda | JULIUS BUSINGE | On June 13, Minister for Finance, Planning and Economic Development, Matia Kasaija, delivered the Shs40trillion National Budget for the Financial Year 2019/2020 under the theme “Industrialization for job creation and shared …
Read More »Migrant remittances to hit US$550bn
Money sent home by migrant workers from abroad across the globe is projected to record a 4% growth this year, hitting the US$550bn mark compared with US$529bn recorded in 2018, according to the latest statistics from the International Fund for Agricultural Development (IFAD). Kampala, Uganda | RONALD MUSOKE | Remittances …
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