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 […]
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 […]
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! […]
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 […]
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 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 […]
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 […]
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