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Govt Must Reduce Unnecessary Expenditure – URA Warns
Uganda Revenue Authority (URA) says the government must reduce unnecessary expenditure to increase the tax-GDP (Gross Domestic Product) ratio. Ibrahim Bbossa, URA’s Assistant Commissioner, of Public and Corporate Affairs, says Uganda’s tax-GDP ratio is low, standing at 14%. He says Uganda must aim at increasing the ratio to at least 20% and to achieve this,…
Parliament Honours Fallen Human Rights Commission Boss Kagwa
Parliament led by the Speaker, Rebecca Kadaga have honoured the late Hon Med Kaggwa who collapsed and died on his way to work on Wednesday, 20 November 2019. Kadaga said that Kaggwa served Uganda in distinguished capacities as was a Member of Parliament representing Kawempe South and at the East African Legislative Assembly (EALA). He…
Bobiwine Joins Striking Intern Doctors In Activism
More than twenty doctors who had gone to Parliament to deliver a petition to Speaker Jacob Oulanyah concerning the state of the public health care system were rounded up en-route and thrown into police cells. They were later released on police bond after the intervention of authorities on Wednesday evening. National Unity Platform’NUP’ party president…
New Mobile App ‘Pata’ Aims To Make Parking In Kampala a Breeze For Motorists
A mobile app launched on Sunday can help motorists find empty and cheaper parking spaces in Kampala City in a shorter period of time. Pata Parking App provides real-time information on the availability of parking spaces, as well as what the parking rates are so drivers can opt for cheaper spaces. So how does it…
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Shock As Greedy BoU’s Dr. Kasekende Dark Side Is Revealed
As we are heading to 2020, all eyes and focus return to the looming shakeup at the central bank in the new year with the contract of Dr. Louis Kasekende the Deputy Governor is left with only two weeks to end. Dr. Kasekende has for long been touted to replace aging Governor Prof. Emmanuel Tumusiime…
M7 Hails Amina Hersi For Setting Up Multi Billions Atiak Sugar Factory
President Yoweri Kaguta Museveni has commissioned Atiak Sugar Factory in Amuru District. The factory is owned by entrepreneur Amina Moghe Hersi, while government holds 41 percent shares through the Uganda Development Corporation. Gen Museveni said that for a country to industrialise, it needs the following; labour, natural resources, capital, knowledge and entrepreneurship. The last group…
Justice Mubiru On Spot For Shielding Centenary Bank In Shs50M Fraud Case
The head of the High Court Commercial Division Justice Stephen Mubiru literally threw under the bus a bank client one Aida Atiku when he absolved Centenary Bank of any liability of fraud occasioned to Ms. Atiku’s account. On July 18th 2022 making a ruling in a case in which Aida Atiku had sued Centenary Bank…
Business Talk: American Actor Terrence Howard Meet City Tycoon Sudhir Ruparelia
American Actor Terrence Howard has held a closed-door meeting with city businessman Sudhir, Ruparelia, Frank Tumwebaze, the Minister For Agriculture, Animal Industries and Fisheries at Speke resort Munyonyo. Although we are yet to reveal the details of the meeting, our sources confirmed that the two business giants are likely to ink a business partnership that…
NSSF Disburses UGX 78.8Bn In First Week Of Midterm Payments
The National Social Security Fund has paid out Ushs78.8 billion to 4,417 eligible members to date, UGX 28.8 billion above its weekly target of UGX 50 billion, following mass application of the mid term benefit that started last week. Speaking to media at a press briefing today at Workers House, the NSSF Managing Director Richard…
On Spot: Asians Custodian Board Under Probe As Over 15 Billions Go Missing From Account
Panic has engulfed the custodian board after it has emerged that Shs 15 billion was mysteriously withdrawn from the Departed Asians Property Custodian board accounts by the unknown persons. The development came after Members of Parliament on the committee Commissions, Statutory Authorities and State Enterprises (COSASE) discovered the missing monies and quizzed Ministry of Finance…
