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Ethiopia is importing 80 % of its total demand for petroleum from neighboring Sudan, easing the horn of Africa country’s massive cost on oil imports, said Sudan’s giant, Nile Petroleum Company (NPC). Ethiopia spends over 50 % of its total...

Uganda have been urged to devote resources and put in place robust policies and documentation because transfer pricing is becoming a major focus of tax bodies around the region, writes Alex Balimwikungu . Nikhil Hira, a Deloitte partner from Nairobi,...

The Uganda-Re is expected to be operational by mid-next year, Dr. Olli-Pekka Ruuskanen, the Uganda Insurers Association chief executive office, disclosed in an interview. A re-insurance company covers insurance companies against large claims from their clients which may not be...

Saachi, an electronic home appliances company, is giving away prizes in their upcoming promotion, �Christmas Cash Back Offer�. Anand Nainani, the company manager, said the promotion will reward customers for their support to the firm through out the year. �This...

The awards handed over to the insurers� umbrella body at the Sheraton Kampala Hotel over the weekend were organised by the Private Sector Foundation Uganda to promote good governance, excellent association management and leadership practices within the business association sector....

Rupert Murdoch's Foxtel service may have noticed the mysterious disappearance of one of its main news channels from the cluster of such services on the pay television operator's channel guide...The move coincides with recent criticism of the BBC by James...

Dubai will attempt to reassure markets and investors on how it plans to restructure its beleaguered conglomerate Dubai World after it requested a shock standstill from bondholders for a $3.5 billion bond maturing on Dec 14. The lack of clarity...

As a result, they risk losing the expanding outsourcing market to international firms that enjoy an assortment of tax incentives extended to them by their countries. The sector has already sent a taxation structure proposal to the government, asking it...

With his stint as an IMF executive director for Saudi Arabia and his postgraduate education in the US, he has indeed become a sophisticated and savvy operator. He brims with confidence and he talks the talk and walks the walk...