Uganda Revenue Authority Commissioner General John Rujoki Musinguzi has outlined his plan that will make it possible for him to achieve the Shs25.1tn target for FY2022/23 set by the Minister of Finance Planning and Economic Development. Speaking to journalists at the Authority’s headquarters in Nakawa Kampala Musinguzi said, “I must note that the revenue mobilisation…
A sign of a billionaire happy in his own skin and comfortable with his humble beginnings. He pushed supermarket trollies in London for a few pounds a week and burned his fingers in search of a buck. Today, Dr Sudhir Ruparelia is one of the most successful businessmen in Uganda and arguably one of the…
Minutes after legally slaying Bank of Uganda, for the ninth time, but this time for good, Dr. Sudhir Ruparelia, hit at certain officials of the central bank for stealing his bank, unnecessarily dragging him to court and prolonging the case for selfish gains. “These people stole my bank. They shared the legal fees in Bank…
Uganda National Roads Authority-UNRA has announced the planned interruptions in the services of the Nakiwogo-Buwaya ferry today, Sunday. According to UNRA, the ferry will transport road construction equipment from Zzinga Island to the mainland via Nakiwogo, Entebbe. The equipment was deployed to carry out maintenance works on Zzinga island. In a press statement, UNRA says…
Uganda Vinci Coffee Company Limited has denied being handed a monopoly over the coffee business in the country. This is part of the company’s defense in a suit filed by Henry Byansi and Michael Aboneka before the High Court Civil Division in Kampala. In April 2022, the lawyers sued Uganda Vinci Coffee Company Limited and…
Bank of Uganda (BoU) had a torrid 2017 as the Crane Bank saga weighed on the country’s central bank. What began as an everyday activity to supervise and regulate the banking sector when they took over and subsequently sold Crane Bank to DFCU turned out to be a big speck in the late Emmanuel Tumusime-Mutebile led…
Billionaire and Chairman Ruparelia Group of Companies, Sudhir Ruparelia has advised Ugandans to put their money in the real estate business because it’s one of the few businesses that can endure storms of Uganda’s economy. In an exclusive interview with this website, the real estate mogul told Ugandans not to take the Real Estate business…
The government has started a process to ensure that Ugandans employed in the Middle East get similar terms of employment as their counterparts from other countries. This is after it was revealed that the earnings and workload for Ugandans especially those working as house maids are determined by clauses in the Memorandum of Understanding between…
By Ojok Smith Gulu: Will government survive fire for favouring foreign investors all the time against local businessmen? Moreover, when this is supposed to be a government by the people and for the people? Currently the government of Uganda is under heavy fire for over-pampering foreign investors and leaving the indigenous ones to wallow in…
Members of Parliament have urged telecommunication service providers to adopt more friendly data and voice bundles. This, according to the MPs, is intended to ensure that consumers of communication services get quality, reliable and affordable communication services to widen Information Communication Technology (ICT) penetration as a key driver of economic growth. While chairing the House…
