Uganda Revenue Authority (URA) has busted a racket of human traffickers using its state of the art scanners. The people being trafficked were bundled in wooden boxes and placed inside a container, but the scanners were able to detect them. According to a statement from URA, the time was 00:49hrs
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The Uganda shilling strengthened against a backdrop of strong inflows from commodity exporters and portfolio flows targeting the fixed income investments during the week ending 21st June 2019. Trading was in the range of 3690/3700 compared to Monday opening levels of 3715/3725. In the money market, overnight funds were priced
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• Set to open in Oasis Mall and Metroplex Kampala in the upcoming months. • Carrefour to create 300 jobs for Ugandans, prioritise local suppliers. Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across Middle East, Africa and Asia, is set to open its first Carrefour
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Economists and analysts have revealed that if extra illegal money is brought into an economy, it could have far reaching consequences. This comes following allegations that Bank of Uganda (BoU) officials illegally printed extra Shs90bn for their own use. Speaking exclusively to Business Focus, Dr. Fred Muhumuza, an analyst and
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Uganda Revenue Authority has revealed that the process of disposing of Ugandan bound used motor vehicles abandoned at the Port of Mombasa is underway. The Commissioner Customs at URA, Dicksons C Kateshumbwa says that over the years, several Ugandan bound used motor vehicles have been abandoned at the Port of
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The Minister of Science, Technology and Innovation, Elioda Tumwesigye has cautioned graduates from higher institutions of learning that if they are to solve the current and future problems of community, they should embark on using the knowledge they have received to generate technology based solutions. During the 20th graduation ceremony
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Uganda Revenue Authority (URA) has spoken out for the first time on Bank of Uganda (BoU) printing of money saga. It is alleged that BoU officials printed Shs90bn extras cash for their own use. In a statement, Dicksons C Kateshumbwa (in featured photo), the Commissioner Customs, who is also the
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The Uganda shilling gained ground supported by increased inflows amid low demand as Corporates geared for mid-month tax payments during the Market week ending 14th June 2019. The ongoing investigations on Bank of Uganda (BoU) officials over printing an extra unauthorized Shs90bn didn’t affect the local unit this week as
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dfcu Limited shareholders have approved a dividend payout of Shs33.01 per share translating into Shs24.69bn for the year 2018. This was reached at unanimously with only one objection during the company’s 54th Annual General Meeting (AGM) held at Hotel Africana, Kampala on Thursday 13th June 2019. dfcu Chairman, Board of
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Labour recruitment and export companies have rejected the demand by government through Ministry of Gender, Labour and Social Development that they submit their 2017/18 bank statements for verification. In a letter dated 5th June 2019 to all external labour recruitment companies obtained by Business Focus, Pius Bigirimana, the Permanent Secretary
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