The Bank of Uganda has accused financial technology companies, and fintechs, of refusing to apply for licenses. BOU started implementing the regulatory framework for fintechs last year and started implementing the National Payments Systems Act which provides for the regulation of the small financial technology companies under the regulatory sandbox
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Justice Simon Byabakama Mugenyi, the Chairperson, Electoral Commission The Electoral Commission has said it hasn’t released the electoral programme for the Administrative Units (LC 1 & 2) and Women Councils and Committees Elections, 2023. This is after the Electoral Commission noted that some individuals and media houses were circulating a
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Apollo Yeri Ofwono, the Tororo Municipality MP Parliament has granted Apollo Yeri Ofwono, the Tororo Municipality MP, leave to introduce The Rainwater (Harvesting and Storage Bill where he is proposing a fine of 5000 currency points (Shs100M) on corporate companies that refuse to harvest rainwater from their building structures. Yeri
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Finance Minister, Matia Kasaija (4th Left) has tasked URA Commissioner General, John R. Musinguzi (5th Left) to grow Uganda’s tax to GDP ratio to 20%. They were joined by other officials in a group photo after the launch of URA’s digital and IT strategy The Minister of Finance, Matia Kasaija is
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The Norwegian Government has announced plans to close its Embassy in Kampala, Uganda, as well as the Consulate General in Guangzhou, China, in 2024. In a press release posted on the Norway Foreign Affairs Ministry website, the European nation indicated that the Norwegian Embassy in Kampala, which has been serving
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Ephrance Eunice Kuzimba (pictured above), a trailblazing entrepreneur and recipient of the dfcu Bank’s Rising Woman award shares her remarkable journey, from her experiences as a lecturer in electrical and electronics engineering to her entrepreneurial endeavors in the construction industry. Eunice's story is one of determination, resilience, and a commitment to breaking
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Uganda Airlines’ Airbus A330-800 soared through the skies on its maiden flight from Entebbe to Mumbai on October 07, 2023 Uganda Airlines on October 7, 2023 launched direct flights from Entebbe International Airport (Uganda) to Mumbai Chhatrapati Shivaji Maharaj International Airport in India. It was a historic day full
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In good times: Richard Byarugaba and his former Deputy Patrick Ayota addressing a press conference . File Photo The National Social Security Fund (NSSF) Managing Director, Patrick Ayota on Thursday asked the court to exercise its discretion in the interest of justice to favor the stability of the fund.
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Part of the Interior of the expanded Entebbe International Airport Passenger terminal building Uganda Civil Aviation Authority (UCAA) has suspended study tours at Entebbe International Airport to reduce on congestion given the ongoing construction works to expand the airport. In a statement dated October 12, 2023, UCAA says “owing to
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Malwai and Uganda Revenue Officials in a group photo The Malawi Revenue Authority Officials from the departments of Domestic Taxes, Information Communication and Technology, Policy Planning and Enterprise management are in Uganda benchmarking on URA’s Compliance Risk Management in Domestic Taxes. Speaking at the opening of the first session, the
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