Tag: charles bwogi
In what appears to be an escalation of trade spats between Kenya and Uganda, Kenya has stopped another Uganda company from exporting milk. Also, Zimbabwe has expressed interest in buying Ugandan maize. Analyst, Charles Bwogi joins CNBC Africa for more.
In Uganda, a Chinese firm has applied to Ugandan authorities for a licence to develop a $1.4 billion hydropower plant that could expand the country’s generation capacity by 40 per cent. Also, there’s a drive to revive trade between Uganda and South Sudan. Analyst, Charles Bwogi joins CNBC Africa for more on Uganda’s market.
In a move by the government to have all telecommunication firms in the country to list on local bourse, new operating licences will be effective in June under a new regime. Each foreign-owned firm will be required to list at least 20 per cent of its equity on the bourse within two years. Also implementation of digital tax stamps in the country which were introduced in efforts to increase tax compliance and fight counterfeits is facing challenges. Analyst Charles Bwogi joins CNBC Africa for more.
Over the weekend, Uganda's President Yoweri Museveni opposed plans by some of his cabinet ministers of Uganda relating to Kenya's banning of some Ugandan goods for allegedly being substandard, in the same week a new telecommunications company has entered the Ugandan market. Analyst, Charles Bwogi joins CNBC Africa for more.
Uganda has secured a $200 million grant for the development of infrastructure network at Kampala’s Namamve Industrial Park where 200, 000 jobs are expected to be created while imports will be reduced. Analyst Charles Bwogi joins CNBC Africa for more.
In Uganda, the National Social Security Fund (NSSF) has collected more money from members than was anticipated. By the end of this December, 11.5 was collected surpassing the target of Ksh 11.3 trillion. Also – with only six years left to the end of its concession, Umeme has secured a $70mn syndicated loan that would partly be used to undertake capital investments to evacuate electricity from Uganda’s newest dams. Analyst, Charles Bwogi joins CNBC Africa for more.
This year marked the official revival of Uganda airlines after losses led to liquidation and grounding of the carrier for 18 years. The year was also characterised by tax disputes between the government and international oil firms, introduction of digital tax stamps, revival of the country’s largest copper mine and other things. Analyst, Charles Bwogi joins CNBC Africa for more.
Uganda has introduced digital tax stamps in efforts to increase tax compliance, fight counterfeits and make it easy to trace origin of the affected goods, the country's Manufacturers Association has asked the government to suspend the enforcement of Digital Tax Stamps on the grounds that it will increase the cost of doing business. Also, according to the Office of the President, about half of government’s planned projects will not be completed by the end of the National Development Plan II. Analyst, Charles Bwogi joins CNBC Africa for more.