In a move that will cost the government Shs6.516 billion and result in the loss of seven jobs for staff, Parliament has combined the Uganda Export Promotions Board and Uganda Free Zones Authority into a single organization known as the Uganda Free Zones and Export Promotions Authority. This authority will be overseen by the Ministry…
Members of the Uganda Bankers Association (UBA) and PricewaterhouseCoopers (PWC) leadership have requested that the Parliamentary Committee on Finance reject the government’s plan to impose a 0.5 percent fee on cash withdrawals made through agent banking. The Ugandan banking community reasoned that the Excise Duty Amendment Bill, 2024, would obstruct government efforts to grow the country’s digital…
The proprietors of Pioneer Easy Bus company have requested 25 billion shillings from the government as compensation to vacate the parking lot at Namboole Stadium. The company claims to have obtained a 49-year lease for the land’s use from the Uganda Land Commission (ULC). The comes after the Speaker of Parliament Anita Among ordered to…
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…
