Makerere University’s Appointments Board has fired over 30 senior lecturers on charges of insubordination and use of abusive language, sexual assault, financial fraud, abscondment, refusal to perform official duties, inciting violence and failure to complete studies among others. Among those fired is controversial lecturer and activist, Dr Stella Nyanzi, who
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The Uganda shilling was marginally stronger on account of interbank selloff as commercial banks squared positions ahead of the end of year holidays during the week ending 21st December 2018. Trading was in the range of 3688/98. In the fixed income market, a 195billion auction was held; the effective yields
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Uganda Revenue Authority (URA) collected total tax revenue of Shs1.32 trillion in November 2018 against a target of Shs1.30 trillion, registering a gross surplus of Shs17.75 billion. According to information obtained from URA, net revenue collection for the month of November 2018 totaled to Shs1.303 trillion against a target of
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The Ugandan government has revised its oil volumes to 6 billion barrels, down from 6.5 billion barrels earlier reported. Addressed the media today on the latest updates in the Oil and Gas sector at Amber House in Kampala, Energy Minister, Eng Irene Muloni said that the resources in these fields
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It is a public secret that all is not well at Bank of Uganda, the regulator of Uganda’s banking sector. The ongoing probing of BoU officials by the Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) over the controversial closure and sale of seven defunct banks has exposed
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A top Minister in the Ugandan Cabinet has been named by Uganda Revenue Authority (URA) among the top 150 tax defaulters in the country. Gume Fredrick Ngobi, the Minister of State for Trade, Industry and Cooperatives (Cooperatives) owes the tax body Shs82.7m in VAT. [caption id="attachment_20604" align="aligncenter" width="471"] Frederick Ngobi
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The Uganda shilling held steady with a bias towards mild appreciation on matched demand and supply amid tight liquidity conditions during the week ending 14th December 2018. In the interbank shilling market overnight funds traded at 6% while one week funds traded at 9%. The shilling trading range was in
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That is the message from African delegates as the world prepares to implement the Paris Agreement on climate change in Katowice, Poland, this week. Research shows that when women are involved in decision making, agreements on the environment are more likely to be ratified and projects around natural resources, such
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The shilling held steady on the back of strong dollar inflows from charities and commodities exporters against very low demand pressures in the market during the week ending December 7, 2018. Trading was in the range of 3730/40. In other economic news, the Central Bank kept the policy rate unchanged
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Uganda Revenue Authority (URA) has over the years taken a social stand to carry out Corporate Social Responsibility (CSR) as a way of effecting social change in the communities in which it operates. This has helped build public confidence in the organization, created rapport and paved way for compliance within
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