Business

DFCU Bank shareholders are hopeful that 2016 will be good following the release of their company’s half year 2016 un-audited financial statements, which have indicated a Shs 9.6 billion increase in profit compared to the same period last year. According to the financial performance for the first half of the …

UMEME: NSSF to reap Shs 2.5 billion in dividend payment for first half of 2016 Utility company Umeme has released their 2016 half year results, which indicate that there was a significant revenue growth but an attendant rise in cost of sales means that there will be less profits for …

San Francisco, United States | AFP | Facebook announced Monday a new online payment system that will allow businesses to sell directly to consumers on its Messenger application. “We’re kicking off the beginning of messages with payments that will allow businesses to sell products and services directly to customers in …

 Government moves to get South Sudan pay up multi-million dollar debt to Ugandan traders Over the last nine years, Appolo Nyagamahe, the proprietor of the Aponye Enterprises, has been going through a period of bitterness. Since 2008, he has suffered the ordeal of being forced to liquidate some of his …

VIDEO: The National Social Security Fund (NSSF) has decried the slow growth rate in the real estate sector which is affecting the country’s economic performance. NSSF is concerned that investments in the sector are returning less than ought to be – which means government has to come up with policies to improve …

VIDEO: Kampala Capital City Authority (KCCA) is to start taxing all commercial buildings in Kampala especially shopping malls and hotels. The move according to the director Revenue Collections at KCCA Sam Sserunkumba is aimed at widening the tax base. KCCA is currently struggling to raise targeted revenue.   Share on: WhatsApp

  INTERVIEW: Uganda’s Insurance industry’s future outlook shows growth Ibrahim Kaddunabi Lubega is the chief executive officer of the Insurance Regulatory Authority of Uganda (IRA-U). He spoke to Isaac Khisa about their operations and the pertinent issues in insurance industry: What is your leadership philosophy as a CEO? My leadership philosophy …

Copenhagen, Denmark | AFP | The Danish government said on Wednesday it would pay an anonymous source for leaked data from the Panama Papers on hundreds of Danish taxpayers. “We must use the necessary measures to catch the tax evaders hiding fortunes in for example Panama with the aim to …

Toshiba, Uganda sign geothermal power agreement as Japan announces plan to spend $30b on African energy When President Yoweri Museveni met a Japanese delegation led by Prime Minister Shinzo Abe in Nairobi August 28, he knew exactly what Uganda needed from Japan. At a brief meeting at the sixth Tokyo International …

Second-hand ban strategy: A peep into alternatives to banning importation of second-hand clothing Trade in second-hand clothing is big in Uganda. In markets and shops in most towns and villages, trade in second-hand clothes improves people’s access to clothing, supports livelihoods, and contributes to national and local government tax revenue. Now, …