The Uganda National Meteorological Authority (UNMA) has released the March-May 2020 seasonal rainfall outlook over Uganda indicating that the rains will be above normal in most parts of the country. In a statement dated February 10, 2020, Dr. Festus Luboyera, the UNMA Executive Director says, the March to May (MAM
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Uganda Revenue Authority (URA) recently launched a new Corporate Plan 2020/21-2024/25 that will see Uganda finance a greater part of the National Development Plan (NDP) III aspirations if well implemented. This is the forth corporate plan in a 14-year span since restructuring of URA. Under the new plan, URA’s Mission
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Today, the Anzisha Prize–Africa’s premier award and fellowship for Africa’s youngest entrepreneurs (AnzishaPrize.org) – is excited to announce that the 2020 call for applications is now open. Every year, the prize celebrates 20 African entrepreneurs, aged 22 years and younger, each of whom have a chance to win a shared
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The African Development Bank (AfDB) has released a $1 million (Shs3.6bn) grant to Uganda to help the East African country tackle an outbreak of the Ebola virus. The grant to support Uganda’s National Ebola Viral Disease (EVD) Preparedness and Response Plan, was approved in January. Funds have been disbursed through
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Cabinet sat on Monday February 10, 2020 at State House, Entebbe and approved the proposal to borrow up to Euro 108,521,152.60(Shs435.3bn) from the Industrial and Commercial Bank of China. This will to finance the Masindi-Biiso, Kabaale - Kiziranfumbi and Hohwa –Nyairongo – Kyarusesa - Butoole Road Upgrading Project. According to
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Uganda’s import substitution strategy is increasingly paying off as more goods formerly imported are being manufactured locally. According to the Uganda Revenue Authority (URA) Commissioner General, Doris Akol, import substitution contributed to Shs697.38 billion revenue shortfall in the first half of 2019/20FY. Out of the projected figure of Shs9.739 trillion,
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Telecommunication companies and Mobile Money agents are increasingly witnessing a reduction in Mobile Money transactions as high value customers opt for agency banking. This has been revealed by Uganda Revenue Authority (URA) Commissioner General, Doris Akol, who says this development has also affected revenue collection. “Levy on mobile money contributed
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The Uganda shilling nursed losses on the back of elevated demand as commercial banks were seen building positions during the week ending 7th February 2020. The local unit opened the week stable but mid week the currency was in bearish territory trading at 3680/ 90 compared to opening levels of
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Uganda Revenue Authority (URA) collected net revenue of Shs9.042 trillion during the period July to December 2019 and posted a growth in revenue of 11.15 percent in comparison to the same period in the FY 2018/19, URA Commissioner General, Doris Akol (pictured), has said. She made the remarks during the
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A section of MPs Tuesday afternoon claimed that Kwame Rugunda (pictured), a son of Prime Minister Ruhakana Rugunda is among people running pyramid schemes that have seen many Ugandans lose money. This came out as MPs debated a statement tabled by David Bahati, Minister of State for Planning on the
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