Cimerwa cement factory in Rwanda. The cement maker has resumed production after a two-month break for maintenance and upgrade. FILE PHOTO | NATION Rwanda’s largest cement maker, Cimerwa, has resumed production after a two-month break for maintenance and upgrade. Uganda’s Hima and Tororo cement manufacturers have announced plans to temporarily shut down their plants this […]
Farmers have complained that their produce are not fetching desired prices in the market. PHOTO | CYRIL NDEGEYA | NATION Cassava farmers are struggling to find market for excess produce which has forced them to sell below input cost. While cassava production has increased in Southern Province this season, long after recovering from cassava mosaic […]
The first version of the Electronic Billing Machines valued at about Rwf5 billion ($5.8 million) are set to be phased out by next year to pave the way for distribution of a new application. The move is to ease VAT declarations, and boost compliance by taxpayers as part of the country’s major plan to ease […]
International Monetary Fund Kenya representative Jan Mikkelsen. PHOTO | DIANA NGILA | NMG IMF reckons banks could lend each other regardless of the location of the borrower in the region The multilateral lender notes that in Uganda, for example, the repo market is not vibrant and does not match the international standards. The International Monetary […]
Kuramo Capital chief executive Shaka Kariuki (left) and Sterling Capital chairman Stanley Ngaine. FILE PHOTO | SALATON NJAU | NMG An investment bank backed by deep-pocketed New York-based equity fund Kuramo Capital is headed on a collision course with the regulators after inviting clients short of cash to apply for loans to buy more shares […]
Ethiopian Airlines Group yesterday disclosed that the first phase of the Addis Ababa Bole International Airport expansion expected to go operational by the end of June this year. The Group also revealed that it is over-performing in terms of building domestic airports. This was revealed when the Group presented its nine month report before HPR […]
DRC meeting In an update on the situation Monday, mining industry representatives said they were engaging constructively with civil society, a member of the mining code revision tri-partite group and other key interested groups, although there had been no response from the ministry of mines. They proposed at the end of March that a sliding […]
Nakumatt Rwanda has been put under provisional administration after months of cash flow difficulties. The Nyarugenge Commercial Court has ordered all creditors of Nakumatt to proceed with registering their claims with the provisional administrator. Nakumatt Rwanda’s woes follow those of sister companies in the region and especially the Mother company in Kenya. Nakumatt Rwanda has […]
The two countries have rejected certificates issued by the Kenya Revenue Authority. FILE PHOTO | nmg The two states have rejected certificates of origin issued by the Kenya Revenue Authority (KRA) and opted to levy 25 per cent import duty on Kenyan confectioneries. East Africa Community common market made up of Tanzania, Kenya, Uganda, Rwanda […]
As we approach FY 2018/2019 and the statecraft colour that comes around with it – the State of the Nation address and reading of the national budget; the dressing room rehearsals are taking shape. For the first time, Ugandans are debating the revenue side of the budget. For a number of years, debate on the […]
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