Block 7
Parliament Passes Bill Regulating Mobile Money
The Parliament of Uganda has passed the National Payment Systems Bill, 2019, that will among others regulate and provide for the safety and efficiency of payment systems and issuance of electronic money. The Bill presented to the House by State Minister for Finance, Hon. David Bahati on Thursday, 14th November 20l9 seeks to create a…
Covid-19 Effect: KCCA Cabinet Suspends Trade Licenses, Market Dues & Commercial User Fees
Kampala Capital City Authority (KCCA) cabinet has suspended Trade Licenses, Market Dues and Commercial User fees upto December 2020 to allow business Community recover from the toxic effects of the pandemic. The Lord Mayor Erias Lukwago who chaired the meeting said, cabinet reached to a conclusion after a thorough assessment of the COVID-19 pandemic and…
Generous Heart! Ruparelia Foundation Donates Shs 10m To Save Chimpanzees
City Mogul, Dr. Sudhir Ruparelia through the charitable arm of The Ruparelia Foundation has donated Shs10m to Chimpanzee Trust to help save the starving animals on Ngamba Island Chimpanzee Sanctuary during COVID-19 lockdown. The Shs 10m Cheque was On Friday May 29 afternoon handed over to Chimpanzee Trust management by Ruparelia Foundation Executive Valentina Ajay. The…
Be Innovative, Kadaga Advises Cavendish Graduands
The Speaker of Parliament, Rt. Hon Rebecca Kadaga, has urged graduands of Cavendish University Uganda to be more innovative and work on improving import substitution. Kadaga, who was officiating at the university’s 9th graduation ceremony held at Speke Resort, Munyonyo, appealed to graduands to think outside the box and be more innovative as they have…
Just In! URA Boss Sacks 15 Top Commissioners On Presidential Directive
Uganda Revenue Authority (URA) boss John Musinguzi Rujoki has fired 15 top commissioners and assistant commissioners including Henry Martins Saka and Dicksons Kateshumba presidential directives as one of the ways to clean the dented tax body. The commissioners sacking came just a month after sacking the Commissioners General Doris Akol who left on March, 29,…
In Uganda: Covid-19 Cases Rise To 329 As 12 Test Positive
Uganda has on Friday May 28, recorded 12 new coronavirus cases – 5 drivers and 7 contacts to previously confirmed positive drivers. According to the Health Ministry, Uganda’s cumulative total of confirmed cases has now risen to 329. 5 positive Cases were truck drivers out of 1,492 samples tested from border entry points and all…
Good Heart! Indian Community Donates VX Station Wagon Vehicle To UPDF
The Indian (Hindu) community in Mbarara led by Mr. Nerech Patel has donated a VX Station Wagon vehicle to UPDF 2 Division to assist in the campaign against COVID 19. The vehicle was received by Hon. Brig Gen Francis Takirwa the Division Commander. While handing over the vehicle, the leader of the Indian community in…
Broke BoU To Borrow USD500M For Recapitalization
The President of Uganda Gen. Yoweri Kaguta Museveni has endorsed a request by the Ministry of Finance to borrow up to USD500M to recapitalize Bank of Uganda (BoU) and Uganda Development Bank (UDB), following the effects of Coronavirus (COVID-19) on Uganda’s economy. The money, according to credible sources, will come from the International Monetary Fund…
URA Speaks Out On Massive Resignation At The Authority
The tax body, Uganda Revenue Authority (URA) has said that four senior officials resigned from the tax collection agency after a motion by a May 28 meeting of the Board of Directors who recommended “the reorganization” of the “management of the Authority.” On Saturday, Commissioner Domestic Taxes Dickson Kateshumbwa, Commissioner for Tax investigations Henry Saka,…
Uganda Records Highest One-day Rise In Covid-19 Cases As 84 Test Positive
The Ministry Of Health has on May, 30, 2020 confirmed 84 new COVID-19 cases. This brings a total confirmed cases to 413 in Uganda. According to the Health Ministry, 52 cases are truck drivers whereby 50 arrived from South Sudan via Elegu, while 2 arrived from Kenya via Busia. 32 cases are contacts to previously…