Month: January 2025

When parliament passed the law operationalizing the East African Crude Oil Pipeline Company last year, the 10-year tax holiday stood out, but its implementation unveils major contrasts with the current tax regime. The object of the EACOP Special Provisions Act is to enable the agreement between Uganda and Tanzania, the

Some of the new varieties undergoing development at the NaCORI Center in Bugusege in Sironko District. Five new varieties of Arabica coffee are in their final evaluation stage at Bugusege Satellite in Sironko district, URN has learnt. Dr. Geoffrey Arinaitwe, the Director of the National Agriculture Coffee Research Institute- NaCORI,

The Bank of Uganda has maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks at 6.5%. This was during the Monetary Policy Committee meeting of April 2022. According to Deputy Governor, Michael Atingi-Ego, the economy continues to recover from the Covid-19 pandemic related downturn. "Annual growth

Ibrahim Kibuuka Bbossa, the Assistant Commissioner Public & Corporate Affairs Uganda Revenue Authority has registered one of its strongest performances this financial year, recording a solid surplus for the month of March and reducing its annual shortfall. URA collected UGX 1,834.37 billion against a target of UGX 1,823.25 billion, with

Fort portal city council is seeking Shillings 80 million to relocate Timber dealers from the central business district to pave way for re-development. This comes as the city is preparing to rehabilitate Kahunga Bunyonyi and water supply road under the Uganda Support to Municipal Infrastructure Development- USMID project slated to

The Fisheries Protection Unit -FPU has impounded and destroyed illegal fishing gears valued at shillings 447 million. The gears that included monofilament nets and hooks were destroyed at Bugonga landing site, Entebbe Municipality on Monday. Entebbe Grade One Magistrate Naomi Sikoya presided over the exercise. She ordered for the the

Bugisu Cooperative Union-BCU has unveiled plans to sue the government over the controversial multi-billion coffee concession with Uganda Vinci Coffee Company Limited. This comes almost two weeks after the Minister of Finance, Planning and Economic Development, Matia Kasaija signed an agreement granting Uganda Vinci Coffee Company Limited, which is led

Jailed: Ssekamwa James Kulubya. A city accountant and the proprietor of JSK Consultancy has been convicted and sentenced to three years in prison over charges of abetting Value Added Tax (VAT). Ssekamwa James Kulubya, was also ordered to pay Shs 21 million to Uganda Revenue Authority (URA). Prior to his

Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering.   This is a requirement by the Financial Action Task Force (FATF), a global inter-governmental organisation on the initiative of the G7countries to develop policies