Business

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 ...

The Tanzanian singer Naseeb Abdul Juma popularly known as Diamond Platnumz might be one of the wealthiest artistes in Africa but hasn’t stopped investing as yet. The ‘Tetema’ Hit maker invested in music and hospitality, real estate and media. He hasn’t stopped there as he has now included transport business. The singer’s mother Mama Dangote made the revelation through her ...

DFCU Bank had an asset and liability takeover of Crane bank in 2017. Due to this, shareholders of former Crane Bank Limited (CBL) have filed a claim in the English High Court. DFCU Bank is a subsidiary of DFCU Limited. The majority shareholder in DFCU, Arise BV, is co-owned by Norfund, a Netherlands Development Finance Company. Under Rule 36 of ...