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URA recovers Shs1 billion in fines from smuggled electronics

URA recovers Shs1 billion in fines from smuggled electronics

MBALE: The Uganda Revenue Authority (URA) has recovered over Shs1 billion in fines from traders involved in the smuggling of phones and other electronics in the eastern region.The operation codenamed “You cannot smuggle a phone without paying taxes,” that started three weeks ago, was r

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Samsung to offer treasury shares worth $120 million as bonuses

Samsung to offer treasury shares worth $120 million as bonuses

Seoul, Jan 26 Samsung Electronics said on Monday it plans to provide treasury shares worth 175.2 billion won ...Samsung to offer treasury shares worth $120 million as bonuses | Samsung to offer treasury shares worth $120 million as bonusesSamsung to offer treasury shares worth $120

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Gunfire Rocks Kiwatule

Gunfire Rocks Kiwatule

KAMPALA, UGANDA — Gunfire rang out in Kiwatule, a Kampala suburb, on Tuesday night as police responded to a spate of aggravated robberies targeting residents in Nakawa Division, authorities said.According to a statement from the Kampala Metropolitan Police, three robberies were reported

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Museveni gives China-Uganda Mbale Industrial Park thumbs up, second park planned

Museveni gives China-Uganda Mbale Industrial Park thumbs up, second park planned

A team from the China-Uganda Mbale Industrial Park briefs President Museveni and First Lady Janet Museveni. Far right is Luke Wang, Managing Director, Tian Tang Group, and Lucy Zhang, Group CEORWAKITURA, Uganda | THE INDEPENDENT | President Yoweri Museveni has approved a proposal to estab

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India has the potential to reach $500 billion electronics output by 2030

India has the potential to reach $500 billion electronics output by 2030

New Delhi, Nov 20 India’s electronics sector could scale up to $500 billion in production and exports by ...India has the potential to reach $500 billion electronics output by 2030 | India has the potential to reach $500 billion electronics output by 2030India has the potential to

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Bodas gone wild: Kampala’s deadly traffic crisis

Bodas gone wild: Kampala’s deadly traffic crisis

Public transport was banned in the country in the wake of a coronavirus outbreakOn most mornings in the city, before the sun has burned the mist off Kampala’s hills or the jam has begun to choke roads, you can already hear them, hundreds of boda bodas revving awake, a restless swarm prep

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25-year-old MP man slits woman’s throat after she turns down marriage proposal: Police

25-year-old MP man slits woman’s throat after she turns down marriage proposal: Police

Police said the accused slit her throat with a knife on Tuesday morning when the woman was waiting for a bus to get to workBHOPAL: A 22-year-old woman was murdered in Baihar town of Balaghat district after she turned down a marriage proposal from the accused.The victim, identified a

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Xpeng (XPEV) Stock: Price Soars 18% on Robot Technology and Record Deliveries

Xpeng (XPEV) Stock: Price Soars 18% on Robot Technology and Record Deliveries

Xpeng XPEV stock jumped 18% to three-year highs on record deliveries and humanoid robot technology. Up 130% YTD, outperforming Chinese EV rivals.TLDRXpeng (XPEV) stock jumped 18% Tuesday to its highest price since July 2022October deliveries hit 42,013 vehicles, up 76% year-o

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What is it that Uganda and United Arab Emirates investors want as they meet in Kampala?

What is it that Uganda and United Arab Emirates investors want as they meet in Kampala?

The UAE Ambassador to Uganda, HE Abdulla Salem Alshemeli, H.E Sheikh Sultan Jemai Al. Hindas, Director General of the Furjairah Chamber Commerce and Industry and the Prime Minister of Uganda Hon. Nabbanja Robinah and Hon. Dr Monica Musenero the Minister of Science Technology and Innovation Inform

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The price of gold is skyrocketing

The price of gold is skyrocketing

Why speed of the upswing has been much faster than analysts predicted and why the rally is likely to continue?COMMENT | LUKE HARTIGAN | The price of gold surged above US$4,100 (Approx. Shs14 million) an ounce (Approx.28g) on Oct.15 for the first time, taking this year’s extraordinary ral

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