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 …
Read More »Is blockchain technology gaining traction?
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 …
Read More »“We are ready to serve the growing paint market”
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 …
Read More »We need more tourism incentives – operators
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. …
Read More »Uganda joins international body on power dams
There is good news for Uganda which is investing heavily in the energy sector development projects to support economic activities. | THE INDEPENDENT | On June 14, Uganda was formally elected as the 101 member of the International Commission on Large Dams (ICOLD). This was announced at the ICOLD’s 87th …
Read More »CNOOC faces Hoima residents
The oil and gas sector continues to interest different players hoping to make some money out of it. Kampala, Uganda | JULIUS BUSINGE | At one of the events organised by the Petroleum Authority of Uganda and National Environment Management Authority, a big crowd of 8, 000 people attended to …
Read More »CEOs take on the new budget
They see opportunities for business, economy in FY2019/2020 Kampala, Uganda | JULIUS BUSINGE | Conversations on the recently read new budget are gaining momentum amongst key players like chief executive officers of corporate firms. The executives, from key sectors of banking, manufacturing, industry, information technology, agriculture, trade are believed to …
Read More »Government should lead in promoting exports
Elly Twineyo Kamugisha is an economist and the current executive director for the Uganda Export Promotion Board (UEPB). He spoke to The Independent’s Julius Businge on why it is urgent for the government to heavily engage in export development activities. What is new at the Uganda Export Promotion Board …
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 »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 …
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