Thursday , November 14 2024

Business

Business news

ANALYSIS: Why Magufuli’s reforms in mining sector are about politics as much as economics

Dar Es Salaam, Tanzania| AFRICAN ARGUMENTS |  Ever since his election in 2015, Tanzania’s President John Magufuli has been a subject of public fascination. At first, his war on graft promised to cleanse the state of corruption, while his patriotic thrift inspired the hashtag #WhatWouldMagufuliDo? But as this campaign of tumbua majipu (“lance the boils”) was …

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Mbarara man arrested with 33kg of ivory

Man arrested with 33kg of ivory in Mbarara Kampala, Uganda | GODFREY SSALI | Police in Mbarara District with help from Natural Resource Conservation Network (NRCN) have arrested pne man in possession of 33.8kgs of elephant tusks worth Sh13.5 million . Jackson Baluku, 42, a motor vehicle broker and a resident of Lower Zone Base …

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I’m staying at Real, says Ronaldo

 Madrid, Spain | AFP |   Ending weeks of speculation about his future, Cristiano Ronaldo has told a Spanish newspaper he is staying put at Real Madrid to plunder more silverware. “To win important trophies with my club and the personal honours last season was brilliant, to do it again …

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BUSINESS: New MTN data offers

UCC agrees to meet company officials over concerns raised by customers Kampala, Uganda | JULIUS BUSINGE | On July 4, Uganda’s largest telecommunication firm; MTN, announced changes in price and volumes for some of its internet (data) packages resulting in concerns by customers and the regulator, the Uganda Communications Commission. …

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Museveni launches Kkubiri Furniture Makers Development Initiative

  Kampala, Uganda | PPU | President Yoweri Kaguta Museveni has this morning launched the Kkubiri Furniture Makers Development initiative,workshop. The furniture makers group has been supported by the President through his office, equipping their workshop with modern furniture making equipment. The KKubiri Furniture Makers Development Initiative has a membership of over 1000 people organised …

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ICPAU forum says BUBU policy will boost local businesses

  Entebbe, Uganda | JULIUS BUSINGE |  Uganda’s local businesses have a reason to be optimistic about the future of doing business in the country in case the discussions that were held at the 5th Economic Forum organised by the Institute of Certified Public Accountants of Uganda (ICPAU) in Entebbe from July 19 …

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BUSINESS: Vimto returns to Ugandan market

But there’s fear the new beverage may cannibalize some of its sister products Kampala, Uganda | ISAAC KHISA | Vimto, a global beverage brand, has made a comeback to the Ugandan market after the British manufacturer; Nichols offered licensing terms to Century Bottling Company Limited, a franchise bottler and distributor of Coca …

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URA Sh500bn short of target but sees 13% growth in revenue for FY2016/17

  URA Sh500bn short of target but collects 12.7 trilltion-  13% growth in revenue for FY2016/17 Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has today officially released its revenue performance for FY2016/17 indicating a 13.2% growth in revenue collection compared to the year before. According to the revenue performance report, Shs 12.7 trillion …

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