BusinessFocus Reporter

British lawmakers are pressing the accounting regulator to divulge details of the misconduct that prompted it to slap unprecedented fines on accountants PwC and a former senior partner over a 2014 audit of now-collapsed retail chain BHS, Reuters reports. The Financial Reporting Council (FRC) overnight fined PricewaterhouseCoopers, one of Britain's

South Sudan's rebel leader has agreed to meet with the country's president in Ethiopia next week. A spokesman for Riek Machar, who is under house arrest in South Africa, confirmed he had accepted Ethiopian Prime Minister Abiy Ahmed's invite to Addis Ababa on 20 June. The statement, which was emailed

The Financial Intelligence Authority (FIA) has finalized its investigations into money laundering allegations against Justine Bagyenda, the former Bank of Uganda Executive Director in charge of Supervision. FIA Executive Director Sydney Asubo says they (FIA) have already handed over the report findings to police and the Inspector General of Government (IGG)

Uganda's tax body, the Uganda Revenue Authority (URA) has revealed that taxes on the Holy books have been scrapped. The revelation was made by Vincent Seruma, the authority's Assistant Commissioner Public and Corporate Affairs at the URA Headquarters in Kampala on Wednesday morning. "The taxes on Bibles and Qurans have

The Ugandan army has spoken out on reports that the former Inspector General of Police (IGP) General Kale Kayihura has been arrested by the instituion. According to a statement issued by the army spokesperson, Brigadier Richard Karemire, the former IGP was summoned by the Chief of Defence Forces (CDF) to

Police on Wednesday arrested Mukono Municipality MP Betty Nambooze to help with investigations over statements on social media which security agencies suspect led to the killing of Arua Municipality MP Ibrahim Abiriga on Friday. However, the legislator has been released. On Tuesday, local media reported that police were investigating the