The leaders of traders’ associations have threatened to lock down their businesses again, displeased with the outcome of the Kololo meeting with President Museveni. They argue that President Museveni did not address any of their concerns about taxes at the much-anticipated meeting. However, the Uganda Revenue Authority spokesperson, Ibrahim Bbosa, urged the traders to have…
The Deposit Protection Fund of Uganda (DPFU) has begun compensating depositors of EFC Uganda Limited Microfinance, which was liquidated by the Bank of Uganda in January due to liquidity issues. During a press conference at the DPFU offices in Kampala City o, 374 depositors received a total of Shs10 million, while 779 customers shared Shs125…
In a significant stride towards bolstering Uganda’s industrial landscape, Kapeeka Industrial Park in Nakaseke district emerges as one of the focal points of transformative infrastructure development. Spearheaded by the Investment Minister and the Uganda Investment Authority (UIA) board and management, the launch of infrastructure construction within the sprawling 1280 acres park heralds a new era…
The Uganda Revenue Authority commissioner general John Rujoki Musinguzi has urged African countries to work together and emancipate themselves from the effects of slavery and colonialism, which has kept them in the shadows. According to Musinguzi African countries face similar challenges, whereby the average tax- to GDP is at 16%, whereas in developed countries it…
Earlier today a Non-Aligned Movement (NAM) delegation, from Namibia headed by the president in waiting and the first-ever female president to be for Namibia Hon Dr. Nandi Ndaitwah Netumbo, and Uganda-Namibia ambassador H.E Hon Godfrey Kirumira, paid a courtesy visit to Hamz Stadium at Nakivubo war Memorial Grounds. The delegation was greatly fascinated by the…
Uganda Investment Authority (UIA), an autonomous body dedicated to promoting and facilitating investment in Uganda, has once again demonstrated its prowess by attracting investors from Egypt, Turkiye, Qatar, Morocco and India During the recently concluded EA Investment Summit, organized alongside NAM, UIA’s top leaders and the Minister of State for Investment, Hon Evelyn Anite, effectively…
Uganda and Cuba have once again signed another Memorandum of Understanding, this time on Trade cooperation. This is the 3rd cooperation agreement being signed by the two nations after two others which were signed in September last year. The agreements signed in September include; The Collaboration Agreement in the fields of Science, Technology, and Innovations which…
Ugandan entertainment media personality Nalumansi Zahara aka Zahara Toto continues to open more pathways in her life, showcasing an unyielding commitment to personal and professional growth. Totto, a prominent figure at Next Media Services, has made a groundbreaking decision to enter the field of aviation, seamlessly integrating this new venture with her existing media prowess.…
Several Ugandans have come out to express their discontent about a city car importer identified as Mpaata Nelson, who is the proprietor of Mpaatanel Ltd, a car import dealership, whom they accuse of failure to act ethically and professionally in his dealings with clients. The affected clients contend that Mpaata, who is an agent of…
For most enterprising individuals, the new year comes with new financial objectives that have been established to surpass the previous year’s accomplishments, Africa included. As the new year begins, people aim to accomplish goals that have eluded them in the past, and African billionaires are no exception. Said billionaires are tasked with the responsibility of…
