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Vandals, inside theft and ageing grid damn UETCL

Vandals, inside theft and ageing grid damn UETCL

The amount of money that the Uganda Electricity Transmission Co Ltd (UETCL) spends to transmit electricity has significantly risen due to an ageing grid, a 2023 value-for-money audit by the Auditor General (AG) has revealed.The audit shows that the actual expenditure for some of the activi

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EACOP: Uganda sues to evict landowners in way of regional pipeline

EACOP: Uganda sues to evict landowners in way of regional pipeline

Uganda's government is in a legal tussle with 112 landowners who are set to be displaced by the East African Crude Oil Pipeline (Eacop) as low-value payment, absentee landlords and a complex landownership system in some parts of the country delay compensation, c

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URA: Agricultural Machinery and Feeds Tax Free

URA: Agricultural Machinery and Feeds Tax Free

(Masaka) – The Uganda Revenue Authority (URA) recently participated in the CBS PEWOSA Agri-business Expo held at Pookino Grounds in Masaka City. During the event, URA emphasized that agricultural machinery and animal feeds are exempt from VAT. The expo served

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Uganda has navigated post-Covid-19 recovery well, says IMF

Uganda has navigated post-Covid-19 recovery well, says IMF

The International Monetary Fund has said Uganda has navigated post-Covid-19 recovery well due to sound macroeconomic policies.The country’s economic recovery, the IMF noted in a statement is strengthening, chara

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Uganda continues to consolidate key integration milestones in EAC

Uganda continues to consolidate key integration milestones in EAC

As of April 2024, the East African Community accounted for 31.7 percent of Uganda’s total export market whereas her total trade with the rest of the world increased by 36.3 percent to US$18.1billion in 2023 from US$13.3billion in 2022, while total imports from

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China’s influence on our economy

China’s influence on our economy

China’s approach to African countries, and Uganda in particular, has been heavily influenced by a shared sense of historical and contemporary struggles against neo-imperialism. This belief has shaped C

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Egypt announces Africa’s first hydrogen-powered skyscraper, offering a new era for green power

Egypt announces Africa’s first hydrogen-powered skyscraper, offering a new era for green power

An artist’s rendering of the Forbes International Tower.Photo: Adrian Smith + Gordon Gill ArchitectureForbes is set to construct a 50-storey hydrogen-powered building in Egypt, the first of its kind in Africa. This groundbreaking pr

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Uganda in race to meet new EU coffee export rules

Uganda in race to meet new EU coffee export rules

Bags of Ugandan coffee stored at a bulking centre as they await shipping to overseas markets. Over 60% of the country’s coffee ends up in the EU market signifying its importance to Uganda. COURTESY150 days left to comply with new to

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Refinery negotiations still ongoing, Ugandan job seekers urged to be patient

Refinery negotiations still ongoing, Ugandan job seekers urged to be patient

Kampala, Uganda | THE INDEPENDENT | Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on.State Minister for Energy, Okasaai Opolot says Ugandans will get jobs during and

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India and Korea Move Forward with Key Trade Negotiations

India and Korea Move Forward with Key Trade Negotiations

India and South Korea are advancing discussions to upgrade the 2010 Comprehensive Economic Partnership Agreement (CEPA). The 11th round of negotiations will take place in Seoul from July 17-19. Both nations are seeking greater market access for essential produc

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