Business - Page 5

Businessman Bitature: I am who I am because of Dr. Sudhir

In a rare moment of reflection and gratitude, Patrick Bitature, one of Uganda’s most accomplished entrepreneurs, has publicly acknowledged the profound impact of fellow business mogul Dr Sudhir Ruparelia on his journey in the corporate world. Speaking to youths about the significance of

March 18, 2025

Business

URA Sensitizes Traders on Changes in Valuation Database

Uganda Revenue Authority embarked on the process of amending its valuation database to ensure uniformity in the customs values of imported goods. To ensure smoothness in this process, the tax body reached out to different stakeholders to get their input. It was

December 18, 2023

Business·National News

Uganda Fully Reopens Key Bridge Renovated by Chinese Contractor

Uganda has reopened a key bridge on an international highway connecting it to four other countries. The Katonga bridge, destroyed by flash floods in May, was restored and upgraded by Chinese Communications Construction Company (CCCC). The bridge is on the highway connecting

December 17, 2023

Business

Govt Must Reduce Unnecessary Expenditure – URA Warns

Uganda Revenue Authority (URA) says the government must reduce unnecessary expenditure to increase the tax-GDP (Gross Domestic Product) ratio. Ibrahim Bbossa, URA’s Assistant Commissioner, of Public and Corporate Affairs, says Uganda’s tax-GDP ratio is low, standing at 14%. He says Uganda must

December 17, 2023

Business

Gaddafi National Mosque Out of Properties For Sale – Bailiffs

The Uganda Muslim Supreme Council (UMSC) property atop Old Kampala Hill including Gaddafi National Mosque, previously on the brink of an auction due to debt exceeding sh18 billion owed to businessman Justus Kyabahwa, has been excluded from the list of assets set

December 15, 2023

Business

Jumia To Close Struggling Food Delivery Business As Focus is Put on Core E-Commerce Plate

Pan-African e-commerce giant Jumia Technologies is pulling the plug on its Jumia Food delivery service, opting to double down on its core physical goods business and JumiaPay payment platform. The decision, effective December 31st, 2023, impacts all seven markets where Jumia currently operates:

December 15, 2023

Business

What You Didn’t Know About the New Energy Cloud Mining Farm ‘CGMDminer’ that Allows You to Easily Earn Cryptocurrency

In the rapidly advancing world of cryptocurrency, CGMD Miner has positioned itself at the forefront of sustainable and eco-friendly mining solutions. As global awareness around environmental impact intensifies, it is leading the charge in integrating renewable energy sources into the cryptocurrency mining

December 14, 2023

Business

Great: Startimes Uganda,Centenary Bank Renew Strategic Partnership For Financial Inclusion & Sustainable Solutions

Centenary Bank, the largest commercial microfinance bank in Uganda and StarTimes Uganda,a pioneer in pay TV, digital television set and solar solutions, are thrilled to announce the renewal of their strategic partnership following a highly successful year of collaboration. The partnership announcement

December 11, 2023

Business

URA Officers Storms Consolidation Centers, Seizes Smuggled Goods

Uganda Revenue Authority (URA) enforcement team has closed off several consolidation centers in the areas of Pallisa, Butebo for possession of smuggled items. According to Godson Mwesigye, the URA Manager of Enforcement Operations in Mbale, they recovered 50 cartons of wheat flour

December 1, 2023

Business

M7 To Grace Presidential Investor Conference To Foster Economic Growth

The Uganda Investment Authority (UIA) has set up a one-stop center to quicken the time for investors and businessmen to register businesses. Evelyn Anite, the State Minister of Finance for Investment and Privatization, made the revelation while addressing the press on Thursday,

November 25, 2023

Business

Gulu District Registers Drop In Revenue After Ban on Sale of Forest Products

Gulu district is facing financial challenges due to a significant drop in local revenue following a presidential directive against the sale of forest products, severely impacting its economy. The District Speaker Phoebe Ayoo highlighted the directive’s adverse effects on the economy, coupled

November 21, 2023

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