URSB head offices Several Ugandans are heeding the government's call for business formalization, especially the ‘simple’ step of registration, but how much one knows before starting the process is vital. It is a common scenario for a proposed name for a business to be rejected by the authorities at the
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Former Aya Hotel after rebranding from Pearl of Africa to Win 5 Hotel & Spa Muhammed Hamid, 47, left his elder brother's business as a teenager, having gained some experience, confidence, and capital, to start his own business in the early 1990s. Just 10 years later, he was bidding to build
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Pricewaterhouse Coopers Limited and the Institute of Certified Public Accountants of Uganda (CPA) have warned Parliament against imposing a withholding tax on investment schemes, which also include the Savings and Credit Cooperative Society (SACCOs), saying the move will likely discourage the already struggling saving culture in the country. While appearing before Parliament’s
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Andries Brink - Founder and CEO, 42 Markets Group. 42Markets Group, the financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners, a leading private equity investor dedicated to the technology sector across sub-Saharan Africa, after it recently closed its Convergence Partners Digital
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Workers arrange bags of subsidised fertilizer at the National Cereals and Produce Board depot in Elburgon, Nakuru County. FILE PHOTO | JOHN NJOROGE | NMG Russian fertiliser that had been confiscated in Latvia due to European sanctions will be exported to Kenya by the United Nations’ food agency. Latvia’s
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Experts are concerned that Uganda may not meet its commitment to defeating HIV as an epidemic by 2030, as children living with the virus struggle to stay on treatment. Michael Byamukama, the Country Director of the Regional Psycho-social Support Initiative (REPSSI), reports that the biggest reason children abandon treatment is
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The Uganda Microfinance Regulatory Authority (UMRA) has given a two-week ultimatum to unlicensed moneylenders in the Bunyoro sub-region to regularize their businesses following allegations of fraudulent activities. The move comes after numerous complaints were raised by members of the public in the area against some moneylenders who have been accused
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The Foreign Affairs Committee of Parliament has raised a red flag over Uganda’s failure to pay its annual statutory membership subscription to international bodies. The Committee Chairperson, Norah Bigirwa-Nyendwoha, says that currently, the Foreign Affairs Ministry has accumulated up to 37.06 billion Shillings from non-payment of legal contributions to different
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RIP, Maj. Gen. James Kazini The Chieftaincy of Military Intelligence is holding two Uganda People's Defense Forces-UPDF soldiers for obtaining money by false pretense. The two are Captain Gerald Bitindi Byamugisha attached to the Chieftaincy of Pensions and Gratuity in UPDF-COPG and Captain Lamek M.Kimula attached to the 65 Infantry Battalion
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RIP, Keith Muhakanizi The late Permanent Secretary in the Office of the Prime Minister Keith Muhakanizi had proposed to restructure the Office of the Prime Minister following the numerous scandals. This was revealed by the Head of the Public Services and Secretary to Cabinet Lucy Nakyobe on Saturday at the
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