Business

Uganda has protested a 79% cut on its scheduled sugar exports to Kenya, reigniting a trade dispute between the two countries. Agriculture Minister Frank Tumwebaze said Thursday Uganda was ‘’not happy’’ with the restrictions on its sugar exports to Kenya. ‘’We need an honest conversation about these trade restrictions from your side’’ he said in a tweet to his Kenyan ...

In the Transparency International’s Corruption Perception Index (CPI) released for the year 2020, which rated the perceived levels of public sector corruption in 180 countries around the world, most of the African countries, especially those in Sub-Saharan Africa, were included in the “Highly corrupt” category. The top-ranked countries on the CPI were mainly from Europe, North America and Australasia. And ...

Members of Kampala City Traders Association (KACITA), have threatened to strike starting September 1st 2021. They say they will remain at home as a peaceful demonstration in protest to what they termed as government’s deliberate increment of taxes on textiles and garments. Uganda Revenue Authority(URA) says textiles and garments which are not manufactured in Uganda have been maintained at an ...

Experts have called on government to enact laws to reduce on profit repatriation by multinationals. The development follows the announcement of the retail store Shoprite exiting Uganda after 21 years of service. Some experts even said firms like Shoprite have no legacy or tangible investments to talk about. Francis Muhiire, an economist at Makerere University Business School (MUBS). He said ...

Most small scale entrepreneurs find it very difficult to handle pressure, but there are very few measures that one must take in order to handle business pressure. My business is very unique. It’s one of its kind and there is no any other business like mine. My business is divided into 3 main branches that complement each other. The 3 ...