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URA Orders Entertainers To Get TINs

Uganda Revenue Authority (URA) has directed all individuals earning from entertainment activities to get Tax Identification Numbers (TINs), failure of which could result in fines or imprisonment. Bbosa Ibrahim Kibuuka, the Assistant Commissioner Public and Cooperative Affairs and URA spokesperson said that the TIN is what identifies an individual or business with the tax body.…

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China Speaks Out On Entebbe Airport Take Over Deal

The spokesperson of the Chinese Embassy in Uganda has responded to individual media hype “Uganda sacrifices core assets for financing China”. This is the statement: In the past ten years, China has become one of Uganda’s main development partners. The depth and breadth of Uganda’s cooperation in investment and infrastructure financing is unmatched by any…

Commercial Banks In Panic After Court Outlaws Syndicate Lending In Landmark Ham Vs DTB Case

Several bosses in commercial banks in Kampala and other financial institutions are sweating plasma following the October 7th, 2020 ruling by the High Court Commercial Division in a case filed by tycoon Hamis Kiggundu and Diamond Trust Bank, in which caused outlawed syndicate lending. The panic among commercial banks executives arose after High Court justice…

Tycoon Sudhir Offers New Tenants With First 3 Months Free Of Rent Space On Top City Buildings

City Tycoon and Kampala’s biggest landlord Dr. Sudhir Ruparelia has yet again offered Kampala people with an exclusive offer to allow startup and small scale business thrive amidst the covid-19 economic effect. Through his real estate property conglomerate, Crane Management Services, it is now easier for Ugandans looking to start a business in the city…

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