Beneficiaries of the Parish Development Model-PDM in Masaka City are protesting the high charges deducted by commercial banks. On Tuesday last week, the Minister of Defense and Veteran Affairs Vincent Bamulangaki Ssempijja launched the disbursement of PDM funds to organized beneficiaries in Masaka City but it has turned out that
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The Ministry of Finance, Planning and Economic Development has proposed to make amendments to The Foreign Exchange (Amendment) Act 2023, which would see the capital requirement for one to establish a foreign exchange bureau increased from the current Shs50M to Shs200M. Currently, Bank of Uganda requires forex bureaus to have
Read MoreThe Ministry of Finance, Planning and Economic Development has proposed to impose a 15% tax levy on all bank transactions undertaking Islamic Banking in Uganda. This is part of the efforts by Government to implement Islamic Banking in Uganda. The proposed amendment is contained in the Excise Duty Amendment Bill
Read MoreMusinguzi ‘Confident’ Of Hitting Shs29.7 Trillion Revenue Target In 2023/24 As URA Focuses On Growing Tax Register To Nine Million
The Uganda Revenue Authority (URA) Commissioner General, John R. Musinguzi (pictured), says the tax body is confident of hitting the revenue collection target of Shs29.7 trillion in Financial Year 2023/24. Last week, the Minister of Finance, Matia Kasaija unveiled a Shs52.7 Trillion national budget out of which Shs29.7 Trillion is
Read MoreRamathan Ggoobi, the Secretary to the Treasury The government spent more money than it had planned in May 2023 despite the continued complaints of unfulfilled obligations especially on salaries and wages. The total planned expenditure for the month was Shillings 2.985 trillion, but it ended up spending Shillings 3.5 trillion
Read MoreCancer Patients, CSOs Decry Delays In Adoption & Implementation Of The Uganda National Cancer Control Plan
Cancer Machine Cancer Patients and Civil Society Organizations (CSOs) have decried the delays in adopting the Uganda National Cancer Control Plan. This was during a cancer patients’ engagement forum with CSOs that the Uganda Cancer Society organized on Thursday, June 15th 2023 in Mulago. A national cancer control plan is
Read MoreCelebration activities kicked off on June 10 in Kampala The Centenary Bank has commenced a four-month celebration commemorating its remarkable journey of 40 years in existence. Since its humble beginnings in 1983, Centenary has grown to become one of the largest banks in the region, expanding its influence through subsidiary
Read MoreThe Acting Senior Makindye Grade One Magistrate, Igga Adiru has directed Allan Asinguza, the Administrator of “Buyanja Back My Roots," WhatsApp group to reinstate Herbert Baitwababo following his ejection from the group. In his orders issued on Monday, Adiru also issued a permanent injunction prohibiting Asinguza, his agents, and assignees
Read MoreNUP supports meets with NRM supporters during nomination of their candidates (Photo by Immaculate Amony) The Electoral Commission (EC) has warned nominated candidates for the Oyam-North by-election to refrain from campaigning outside the designated time frame. The Oyam-North constituency parliamentary seat fell vacant on May 2nd, 2023 following the murder
Read More‘Uganda Airlines Has Made Pilgrimage To Mecca Easier For Muslims’, Says Katumba Wamala As National Carrier Plans Regular Flights To Saudi Arabia
Minister of Works and Transport, Katumba Wamala officially flagged off Muslim Pilgrims to Mecca today The Minister of Works and Transport, Gen. Edward Katumba Wamala, has described Uganda Airlines flight to Mecca in 40 years as a big landmark, saying the direct flights will benefit the Muslim Community. “The Muslim
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