Finance
Finance
Uganda government raises domestic revenue targets amidst economic slowdown
The Uganda Revenue Authority (URA) is expected to increase its collections by four trillion shillings to 29.7 trillion shillings in...
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Ugandan youth demand tax exemptions for their businesses
KAMPALA: Youths from across the country have urged government to waive off taxes on youth enterprises that have been earmarked...
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East Africa stock markets feel pinch as foreign investors exit
East Africa’s growing competition for foreign capital inflows has opened up regional stock markets to more international investors risking their...
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UBA group expands to EMEA, launches banking operations in DIFC, Dubai
DUBAI: The United Bank for Africa (UBA) has extended its operations to the United Arab Emirates with the official launch...
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South Sudan leaders implore Centenary Group to start operations in South Sudan
JUBA: Speaking at ongoing South Sudan – Uganda Business Forum, Fabian Kasi – Managing Director; Centenary Bank, and Brenda Magoba...
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Centenary Group set to participate in inaugural South Sudan Uganda Business forum
KAMPALA: Centenary Group, which owns Uganda’s oldest and largest indigenous financial entity, Centenary Bank, will participate in the South-Sudan Uganda...
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2022 Annual Bankers’ Conference to focus on narrowing financing gaps for manufacturing, agribusiness sectors
KAMPALA: This year’s Uganda Annual Bankers’ Conference is scheduled to take place on July 25 and 26 under the theme;...
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Cabinet adopts proposed changes to the Microfinance deposit-taking institutions act
Cabinet has adopted the proposed changes in the Microfinance Deposit-Taking Institutions-MDIs Act 2003. According to the proposed changes, MDIs will...
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Rising inflation forces Central Bank to increase lending rate to 8.5%
KAMPALA: In order to combat the country's skyrocketing inflation, the Bank of Uganda (BoU) raised the Central Bank Rate (CBR)...
Read moreSeven million Ugandans evading taxes, says URA
KAMPALA: The Uganda Revenue Authority (URA) is concerned about the increasing non-compliance of taxpayers in the country. Speaking during the...
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INVESTIGATION
Who is next? Home of journalist Remmy Bahati raided amid fears over growing crackdown on dissent in Uganda
US-based NBS TV journalist Remmy Bahati has become the latest victim of ongoing military crackdown against dissent in Uganda after...
Read moreStatements no longer count! US Senate asks Biden to slap sanctions on Ugandan officials over torture
The United States Senate Committee on Foreign Relations has asked President Joe Biden to slap sanctions against specific Ugandan government...
Read moreUNRA boss bitter over Kuwait firm writing to Museveni on Tirinyi-Pallisa-Kamonkoli road
KAMPALA: The contractual fallout between the Uganda National Roads Authority (UNRA) and Kuwait firm, Abuljebain Engineering Consulting Office (AECO) over...
Read moreSouth African Construction firm Mutoni on the spot for failure to finish Matugga pharmaceutical plant
KAMPALA: South African contractor Mutoni Construction (U) Ltd, which was contracted to build a pharmaceutical plant at Matugga on Bombo...
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