After President Yoweri Museveni met with business leaders last Friday, who represented the traders who had closed their businesses in protest over a number of tax-related issues, chief among them being the rollout of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) receipt system, the president ordered the revenue body URA to postpone for one month…
A law was passed by Parliament yesterday that gives the National Identification and Registration Authority (NIRA) to perform civil marriages instead of the Uganda Registration Services Bureau (URSB). The responsibility of registering all faith-based and customary marriages will also fall to NIRA. Get informed
Retaining them at UPIK would have been the ultimate desire, but there is still a lot to do. Interestingly, Bernard Ongodia envisions this as a future possibility provided the necessary institutional investment is met. And government will have to play a big part in this.
According to financial results for the year ended December 2023, Absa Bank Uganda has recorded a revenue increase of Sh64 billion, marking a growth of 15.6% compared to the previous year. This growth has led to a profit after tax of Sh146 billion. The surge in revenue is mainly attributed to a 42% increase in…
President Cyril Ramaphosa of the Republic of South Africa is expected to arrive in Uganda today for a two-day working visit. The goal of the visit is to further develop the strong bilateral ties that already exist between the Republic of South Africa and the Republic of Uganda. President Museveni traveled to South Africa in February of last…
Uganda cut flower exports now have access to the United Kingdom market tariff-free following the latter’s decision to suspend the Global Tariff (UKGT) on the commodity for two years effective April.11, 2024. Ethiopia, Kenya, Rwanda, and Tanzania will also profit from the global suspension of the 8% duty on cut flowers till June 30, 2026. Due…
In accordance with the Communications Act, telecom company Airtel Uganda has given Shs 34.8 billion to the Uganda Communications Commission (UCC) in order to support the country’s communication infrastructure. Following Airtel’s outstanding financial performance in 2023—when it reported gross revenue of Shs 1,784 billion, an impressive 11.5% increase from Shs 1,599 billion the year before—comes…
According to the lead counsel, Jonathan Kirumira, in case government decides to purchase the identified land and relocate Luzira prisons, it will simply be a manifestation of double standards, manipulation of the law and selfish interests that undermine Ugandans at the expense of the few privileged persons such as investors.
The improved offer from French media giants Canal+, which is worth $2.9 billion (roughly Shs11 trillion) to fully acquire the South African broadcasting company, has left Multichoice with little to no options. In an attempt to increase its 35 percent ownership stake in Multichoice to 100 percent, Canal+ made an offer in February of $1.7…
As demonstrated by the online campaign known as #datatheftexhibition, MTN Uganda has acknowledged the public’s outcry and stated its commitment to resolving specific issues related to data depletion. A statement has been released by MTN Uganda in response to the many complaints from Ugandans, including well-known celebrities, about how quickly their data GBs are being…
