The effects of COVID-19 lockdowns and reduced disposable income have impacted businesses all over the world, but perhaps none more so than companies in Africa's consumer-focused sectors. This has highlighted the critical need for African countries to develop and implement a digital-first approach to work, shopping, and other aspects of
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Muwanga Kivumbi, the Butambala County MP led the probing MPs on Parliament’s Finance Committee have questioned officials from Uganda Revenue Authority (URA) on the Shs7 trillion Tax Exemptions, with demands to have the list of Ugandan individuals and companies that are benefiting from the tax bonanza. Muwanga Kivumbi, the Butambala County MP, led the probing
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By Hassan Kitenda As you wake up in the morning rush to drop off the kids at school, dash to work, or rush home in the evening to make a meal, retirement may seem a far-off reality. But time always moves faster than we expect. You may remember your first
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The full reopening of the economy is expected to boost economic recovery While addressing the nation on December 30, 2021, President Yoweri Museveni lifted the two-year lockdown and fully opened all the sector of the economy. With most of the business returning to normal operations next week, start-ups within the
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Julius Mukunda, Executive Director Civil Society Budget Advocacy Group (CSBAG) A section of Civil Society Organizations have asked Government to halt the full implementation of the famed Parish Development Model (PDM) and rather have it tried in two districts before it is rolled out to other parts of the country. The
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The Bank of Uganda mobilized 12 trillion shillings through the Primary Dealer Market Makers in the treasury bills and bonds over the year ended December 2021. Another 1.4 trillion shillings was transacted during the same period through private placements, (as opposed to the open market auction) compared to UGX 10.9
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Members of the Budget Committee of Parliament have asked their counterparts in the Trade commitee to examine the viability of investing 269 billion Shillings through Uganda Development Corporation (UDC) to multiple private enterprises. This followed a presentation of the report of the Trade committee on the National Budget Framework Paper
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The Education Service Commission has uncovered ‘huge’ sums of money inserted in one of the application documents submitted for one of the recently advertised job lots. Available information indicates that the panel headed by Rev Prof Dr Samuel Abimerech Luboga, was reviewing applications for the posts of headteachers to shortlist
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Persons who are not vaccinated against COVID-19, will not be allowed to attend musical shows and concerts when the entertainment industry reopens next week. The entertainment industry will reopen on January 24, 2022, exactly 14 days after the reopening of schools, in line with guidelines issued by President Museveni at
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Tirupati Development (U) Limited has sued Bank of Uganda (1st defendant), KCB Bank Uganda (2nd defendant), KCB Bank Kenya ((3rd defendant) and Financial Intelligence Authority (FIA) – 4th defendant-over a number of grievances including negligence, money laundering, fraud and conspiracy to defraud, conversion, detinue, deceit, breach of fiduciary duty, breach
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