John Rujoki Musinguzi, the new URA Commissioner General has come with massive changes The Uganda Revenue Authority (URA) has revealed that on 28th May, 2020, the URA Board of Directors sat and made recommendations concerning the reorganization and Management of URA. In a statement dated 30th May, 2020, URA said
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Mobile subscriptions in Uganda stood at 26.7 million in December 2019, a 3% jump from 25.7 million subscriptions four months earlier, the latest market performance report released by Uganda Communications Commission indicates. For updates and latest info about COVID-19 situation in Uganda, visithttps://bit.ly/2WKANNF This growth translates into a penetration of
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The Tax Appeals Tribunal has made a ruling in which MTN Uganda is ordered to pay over Shs20bn in taxes to Uganda Revenue Authority (URA). URA carried out an audit and discovered that MTN Uganda had not paid VAT amounting to Shs20, 053,441,670 for the period 2014-2017. For updates and
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Tullow Oil plc (Tullow) has today announced that CNOOC Uganda Limited (CNOOC) has informed both Tullow and Total that it will not pre-empt the sale of Tullow’s assets in Uganda to Total. On 23 April 2020, Tullow announced that it had agreed the sale of its assets in Uganda to
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The Executive Director of Uganda Hotel Owners Association (UHOA), Jean Byamugisha has revealed how COVID-19 has hid hard Uganda’s hospitality industry. She says hotels in Uganda have so far furloughed over 400,000 staff. A furlough is a temporary leave of employees due to special needs of a company or employer,
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COVID-19 has paved the way for digital transformation as businesses shift operations to cope with office closures, restricted movement and supply interruption. Inevitably, most industries are operating in a constant state of flux, and businesses are rapidly adapting strategies to evolve with rapidly changing consumer behavior. In many cases, we
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Uganda’s commercial banks lent out Shs14.3 trillion in 2019, up from Shs12.8 trillion in 2018, an exclusive analysis done by Business Focus indicates. This shows that Ugandans are increasingly borrowing and the banking sector seem to have recovered from the toxic effects of the 2011 crisis. However, this is going
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Trading at USE The COVID -19 pandemic has disrupted holding of Public listed Companies’ 2020 Annual General Meetings (AGMs) per their respective planned calendars. On 17th April 2020, Uganda Securities Exchange (USE) issued a market notice recommending interalia the deferral of scheduling AGMs which had not yet been called, postponement
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Uganda has 264 confirmed cases of COVID-19 as of May 19, 2020, with 65 patients having already recovered and no deaths reported. The recent spike in covid-19 cases is attributed to imported cases from cross border cargo truck drivers, which led to a new directive only allowing drivers that test
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Uganda Friday May22, 2020 confirmed 15 new COVID-19 cases. “The total confirmed cases are now 175,” the Ministry of Health said, adding that 12 new cases are truck drivers while 3 cases are contacts to previously confirmed truck drivers. “All contacts were under quarantine at the time of test,” the
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