By CPA Silajji Kanyesigye Baguma As we navigate through the complexities of economic challenges, one significant concern emerges: the looming threat of escalating costs driven by expected fuel tax hikes. The proposed fuel tax hike has sparked significant concerns, particularly from a business perspective. Production costs are likely to surge
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A new report has revealed that seven out of every 10 Ugandans are operating a personal budget deficit and as such, need more money than they are earning to cover their personal budget. Additionally, the report says that Ugandans are relying on on their families and friends, personal savings and
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Barbara Asiimwe, Senior Manager - Salaried, at dfcu Bank We are four months into a new year and many of us are still at the initial stages of our yearly resolutions which we set in the hopes of improving our lives. While aspirations vary from person to person, achieving financial
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URA Commissioner General, John R. Musinguzi Uganda Revenue Authority (URA) has explained why the Electronic Fiscal Reporting and Invoicing Solution (EFRIS) benefits both businesses and the Government. “It is important to note that EFRIS is not an additional tax but a mechanism for real-time monitoring of business transactions, aimed to enhance
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Financial experts making submissions during the Risk Assessment Forum Ugandan private sector firms have registered a deterioration in business conditions during March, thereby ending a 16-month upward improvement sequence in the health of the private sector. The overall decline was driven by renewed contractions in output and new orders, as
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Former Stanbic Uganda CEOs Patrick Mweheire and Anne Juuko reunite at SBG East Africa in Nairobi Members of Parliament have caused a debate on how much of the country's corporate sector should be headed by foreign managers, and whether this is really relevant. The Ugandan Parliament on Tuesday drew mixed
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The Minister of Finance, Matia Kasaija will read the budget before Parliament in June The Ministry of Finance, Planning and Economic Development has issued a raft of measures it plans to use to raise more taxes next financial year, if approved by parliament. The proposals in the new tax amendment
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By Peninah Aheebwa The Oil and Gas sector in Uganda has progressed to the development phase with an expected total investment of US$ 20 billion before the production of the first oil due in 2025. This investment is being made mainly in developing infrastructure for producing petroleum from the discovered
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By Denis Jjuuko A friend set out to start a business. He went out to do a business plan and all those things they teach at business school. He saved his ka-money and went on to implement his ideas. Like almost all business plans, his too showed profitability at some
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Tumubweine Twinemanzi, the Executive Director Supervision at the Central Bank The Bank of Uganda has refuted claims that its tough regulatory requirements are leading its regulated financial institutions to downgrade to ease the regulatory pressures on them. This comes as the regulator (BoU) notified the public that three commercial banks
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