Business

Kampala, Uganda | THE INDEPENDENT | The Insurance industry is registering increasing cases of fraud with the regulators citing motor vehicle and medical insurance as the most affected. This according to the Uganda Insurance Regulatory Authority is also leading to the high cost of doing business and consequently the cost of …

Kampala, Uganda | THE INDEPENDENT | Financial industry regulators have called for a review of the pension sector regulations to enable retirees to continue benefiting from the retirement benefits fund even after retirement. Currently, on attaining the required qualifications for receiving the benefits, the savers receive all that is due …

Kampala, Uganda | THE INDEPENDENT | The government is planning to renovate four airstrips in different parts of the country as part of its strategy to develop the tourism industry. This directive was given by President Museveni to the Minister of Works and Transport and his tourism counterpart during a …

Kampala, Uganda | THE INDEPENDENT | The East African Business Council (EABC) has called for a review and reduction in the cost of the Digital Tax Stamp system, which has been implemented in the region to improve revenue collection on excisable goods. The regional body is urging the East African Community …

The interest payout to customers is calculated based on each customer’s daily average mobile money balance for three months Kampala, Uganda | THE INDEPENDENT | MTN Mobile Money Uganda Ltd has paid Shs20.7bn to the customers for the past three quarters since the company started paying interest on customers’ mobile money …

Kampala, Uganda | THE INDEPENDENT | Parliament has resolved to investigate the circumstances under, which the Minister of Energy and Minerals waived tax payment of  sh573 billion in gold exports. The motion, moved by the Leader of Opposition (LOP), Mathias Mpuuga on Tuesday, called for the formation of a select …

Jinja, Uganda | THE INDEPENDENT | Busoga East police have rescued nine UMEME employees who were deployed to disconnect illegal power lines in Iwumba village in Buwaya Sub County in Mayuge district. The UMEME team descended on the area on Wednesday to crack down on illegal power connections where residents …

The company continues to focus on maintaining business continuity, enhancing production capacity and product quality Kampala, Uganda | THE INDEPENDENT | Uganda Clays shareholders will earn Shs 450 million or Shs 0.5 per share as dividends due to a 59% drop in profit after tax for the year ended December 31, …

Rwanda was the top performing market in Africa during the past decade, with millionaire growth of 72%, followed by Mauritius, the Seychelles, Uganda, and DRC Kampala, Uganda | THE INDEPENDENT & AGENCIES | Africa’s millionaire population is expected to rise by 42% over the next 10 years, reaching around 195,000 by …

Kampala, Uganda | THE INDEPENDENT | RwandAir has announced plans to launch nonstop flights to Paris for the first time. The thrice weekly service between Kigali and Paris CDG will launch on June 27, departing the Rwandan capital at 0030 on Tuesday, Thursday and Saturday, arriving into Paris at 0930. The …