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Uganda: Gov’t Tables Shs4.7 Trillion Supplementary Budget

The Minister of State for Finance in charge of General Duties, Hon Henry Musasizi, has tabled the Supplementary Appropriation (No. 4) Bill, 2021 for first reading amidst concerns from the Opposition about the utilisation of the previous requests. The bill seeks to provide for supplementary appropriation amounting to Shs4.7 trillion from the Consolidated Fund as…

URA Suspends 15% Withholding Tax On Oil Importers

Uganda Revenue Authority (URA) has halted the enforcement of the 15 per cent withholding tax on oil marketing companies. According to URA, this is to allow for further discussions between stakeholders on the matter on Friday. This comes after the oil marketing companies in Uganda petitioned the Ministry of Finance to intervene in a tax dispute…

Museveni Names Brig Isoke As New SHACU Boss

President Museveni has appointed Brig. Gen. Henry Isoke as the new head of the State House Anti-Corruption Unit ‘SHACU’, replacing Col. Edith Nakalema who is on a study course. This was announced by Faruk Kirunda, the Deputy Press Secretary to the President, on Tuesday evening. “H.E the President has appointed Brig. Gen. Isoke Henry as…

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VIDEO: “These people stole my bank, shared the legal fees in Bank of Uganda” – Furious Tycoon Sudhir Hits At Bank Of Uganda Officials After Court Victory

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…

Violent Clash in Namayingo as Police Disperse Protesters Over Suspended Sugar Factory

Namayingo, Uganda – A volatile situation unfolded in Namayingo district as police fired live ammunition and teargas to disperse angry workers and Indian investors protesting the suspension of the CN Sugar factory. The Ministry of Trade, Industry, and Cooperatives suspended the factory’s operations due to the investors’ failure to establish a nucleus estate, leading to…

We Are Not Dumping Soil In Lake Victoria, Ruparelia Group Refutes Malicious Allegations

Ruparelia Group of Companies have rubbished and distanced selves from circulating malicious allegations that they dump soil into lake Victoria in the construction of Kitubulu, Speke Resort Entebbe project For over week, a video captured by a woman showed soil allegedly dumped near the lake by trucks. However, the Managing Director of Ruparelia Group of…

We’re Not Your Snoring Zone: Kenya Auctions 2 Somalis’ Aircrafts & 71 Others For Overstaying At Kenyatta Airport

East Africa’s Kenya has announced via its Airports Authority that it will auction 73 aircraft for prices as low as $44.93 due to overstaying at four of its airports which according to them-owners have snored enough. According to an advert released by Kenya Airports Authority (KAA) they have already invited interested bidders for planes that…

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