Due to heavy rains on Sunday, a section of the road between Kyengera and Budo junction caved in, causing traffic on the Kampala-Masaka highway to be rerouted. The road is sinking in for the second time in four months as it last occured in december last year. The development, according to police, has resulted in a “severe traffic…
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.
The twin towers that house the supreme court and court of appeal are equipped with a multitude of amenities, including childcare centers, a sauna, seven customized modern courtrooms and chambers for justices, four restaurants, gyms where judges work out after work to keep healthy, two conference halls that can hold up to 500 people, and…
The price of cocoa has tripled in the last few months, much to the delight of farmers in the Busoga Sub-region. In several districts, the prices have increased from Shs8,000 to between Shs27,000 and Shs31,000 this year. Farmers who have previously lamented the low price of cocoa are thrilled about the development.
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.
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…
