Team Uganda for the Gold Coast Commonwealth Games 2018 has made the country proud with its the stunning performance that saw Uganda bag six medals, two of which being the double gold medals for the 5,000 and 10,000 champion JoshuaCheptegei. Overall, Uganda was ranked 15th immediately after Kenya. What a performance of the East Africans! […]
Category: News
World Bank lauds Uganda on social media tax
World Bank senior economist for Uganda Richard Ancrum Walker says he is impressed with the public debate around proposed new taxes, including that on social media usage. Addressing journalists in Kampala, Walker said that for long, public debate in Uganda has been about expenditures and not revenue mobilization. Walker said he is happy that this […]
Rwanda: Manufacturer Blames Cigarettes Shortage on Tax Stamps
Weeks after their cigarettes begun to completely disappear from local shops, bar and mall shelves, British American Tobacco (BAT); the manufacturers of Intore, Dunhill Switch and Dunhill Lights brands have blamed the shortage on tax stamps. Weeks after their cigarettes begun to completely disappear from local shops, bar and mall shelves, British American Tobacco (BAT); […]
Rwanda Scoops Global Tourism Leadership Award
Rwanda has been awarded the inaugural Global Tourism Leadership Award by the World Tours and Tourism Council (WTTC). Rwanda has been awarded the inaugural Global Tourism Leadership Award by the World Tours and Tourism Council (WTTC). Prime Minister Edouard Ngirente received the award Wednesday at the ongoing Global Tourism summit in Argentina’s capital of Buenos […]
CMA calls for tax amnesty to encourage new listings
Capital Markets Authority chief executive Paul Muthaura. FILE photo | nmg The Capital Markets Authority (CMA) has proposed introducing tax amnesty for companies intending to go public as it seeks to end a prolonged listing drought. CMA chief executive Paul Muthaura said many companies were ready to list, but feared making past financials public as […]
East Africa: 99 Percent of Fintech Funding in E. Africa Goes to Kenyan APPs – Report
Kenyan finance and technology (Fintech) start-ups take a lion’s share of 99 per cent of all funding in the region – leaving Uganda, Rwanda and Tanzania to share the remaining 1 per cent, a new research report has shown. The study, which looks at Fintechs in the region, was supported by Financial Sector Deepening Uganda […]
Introduction of minimum wage ($1.66) in South Africa delayed
The introduction of a national minimum wage of 20 rand ($1.66) an hour in South Africa could be delayed by up to two months as parliament is yet to approve necessary draft legislation, a spokesman for the labour ministry said on Friday. The minimum wage – a policy championed by President Cyril Ramaphosa as an […]
Sudan: Minister of Finance Agree to Funds Construction of Large Silos
Khartoum — The General Manager of Agricultural Bank, Salah-Eddin Hassan Ahmed, said that the Central Bank of Sudan and the Minister of Finance and Agriculture have agreed to fund construction of silos, with a caapcity from 5000 tons to 200000 tons, and establish new cold stores, stores for saving seeds to solve stores shortage in […]
Tanzania: Ambitious Grain Stores Project in the Pipeline
THE government has set up a plan aimed at establishing grain warehouses in various strategic areas in the country, an initiative that is expected to cost 55 million Euros( 155.67bn/-), Minister of Industry, Trade and Investment Mr Charles Mwijage has said. The minister revealed the plan in Dar es Salaam yesterday, explaining that the government […]
Kenya: Horticulture Nets Kenya Sh305 Billion
The value of horticulture production rose 41 per cent last year compared with 2017 on account of good prices. Market data from the Horticulture Department indicates overall sales rose from Sh216 billion in 2016 to Sh305 billion last year. The total value of horticultural produce exported in 2017 increased from Sh101.5 billion in 2016 to […]