Uganda Revenue Authority (URA) has rescinded its earlier directive ordering all banks and Forex bureaus to ensure that persons sending money outside Uganda in excess of Shs50m are cleared by the tax body. In a letter dated 25th October 2019 to bank CEOs, Henry Saka, the URA Commissioner Domestic Tax,
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The Uganda shilling hit a bit of volatility, trading sideways as pockets of demand emerged amid low fx supply in the week ending 1st November 2019. The unit traded above the support level of 3700 for most sessions of the week. In the interbank money market, there was sufficient liquidity
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In a bid to fight crime across Uganda, the Uganda Police has established Counter Phone Numbers at every police station around the country in addition to the Police Toll-free Police Lines. The Counter Phone Numbers are fixed and will have officers responding to security-related calls at all times. These are
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The Mastercard Foundation says it is concerned for the safety and security of all people. In a press statement dated 31st October 2019, the Foundation says it is “deeply concerned about the violence taking place at Makerere University surrounding the student protests related to the fee structure at the university.”
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Prof. Barnabas Nawangwe (in featured photo), the Vice Chancellor of Makerere University has explained how the bloody strike at the University unfolded. He adds that examinations will commence as planned on 18th November 2019 and there will be no extension to the Semester. Below is his statement; For close to
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There is panic among traders and investors who transact in millions after Uganda Revenue Authority (URA) ordered all banks and Forex bureaus to ensure that money going abroad in excess of Shs50m is cleared by the tax body. In a letter to bank CEOs, Henry Saka, the URA Commissioner Domestic
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Uganda’s public debt is set to soar further if Parliament approves a request to borrow USD456.370M (Shs1.68 trillion) from the Exim Bank of China to finance the upgrade and construction of national oil roads project in Masindi, Hoima and Buliisa districts. The request is expected to be tabled before Parliament
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The Uganda National NGO Forum and the civil society organizations fraternity in Uganda have condemned the highhanded and violent response to the students’ peaceful protest against the fifteen per cent (15%) tuition increment issued by the management of Makerere University. In a statement dated 29th October 2019, Richard Ssewakiryanga, the
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Huawei, a leading global information and communications technology (ICT) solutions provider has today boosted the 2019 edition of the MTN Kampala Marathon with 250,000,000 shillings towards maternal health care in Uganda. The confirmation and official Cheque handover ceremony took place at Huawei Uganda Offices at the Cube Building, Kisementi in
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African Media Agency (AMA)/- Public and private financial institutions are not responding adequately to meet global energy goals as finance, particularly in Sub-Saharan Africa, remains drastically below levels needed to deliver universal access according to new Energizing Finance research released yesterday by Sustainable Energy for All (SEforALL). The Energizing Finance
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