BoU Deputy Governor, Dr Michael Atingi-Ego The Bank of Uganda (BoU) has revealed that Uganda’s economic recovery has lost momentum due to surging COVID-19 cases. Dr. Michael Atingi-Ego, the Central Bank Deputy Governor made the remarks today while releasing the Monetary Policy Statement for February 2021, where BoU maintained the Central Bank
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Absa Bank Uganda has launched Business Banking capabilities on their Mobile Banking App, empowering business owners to perform multiple business-related transactions on their smartphones. Without having to visit a branch, users can approve transactions, view statements and complete various other self-service tasks using their smartphones at any time of the
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BAT Uganda Friday announced its full year results for the year ended 31 December 2020; posting gross revenue of Ushs 162 billion, profit before tax of Ushs 29 billion and contributions to Government tax revenue of Ushs 91 billion. BAT’s profit after tax increased to UShs19.9bn in 2020 from UShs15.68bn in
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Parambot Distilleries’ products with fake digital stamps Uganda Revenue Authority(URA) Domestic Taxes (DT) Enforcement team has arrested four officials attached to Parambot Distilleries after being found in possession of products affixed with fake digital stamps. According to Ian Rumanyika, the Ag. Assistant Commissioner Public and Corporate Affairs at URA says the tax
Read MoreDr. Emmanuel Iyamulemye, the Managing Director at UCDA addressing coffee exporters The Uganda Coffee Development Authority (UCDA) is in the process of contracting a company to develop a Mobile App that will be used to register coffee farmers across the country. The revelation was made by Dr. Emmanuel Iyamulemye, the
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Robert Kabushenga, the outgoing Vision Group Managing Director/CEO The Board of Directors of New Vision Printing and Publishing Company Limited has announced to Shareholders, Potential Investors, and the General Public that based on the preliminary assessment of the Company’s performance, the results of the Company’s earnings for the Half Year
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Ian Rumanyika, the Ag. Assistant Commissioner Public and Corporate Affairs at URA Uganda Revenue Authority (URA) recently launched a tax compliance campaign dubbed KAKASA-’You’re in charge’, an an Integrated Communication and Marketing Campaign where the tax body will help usher in a new approach to doing business, allowing business men
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Kampala Minister, Beti Kamya/Courtesy Photo Drama ensued in the budget committee sitting at Parliament today, when two Ministers clashed with the chairperson of the Uganda Land Commission (ULC) over a Shs12.1bn request to settle outstanding compensation to six beneficiaries, under the Land Fund. The ministers, Beti Kamya and Persis Namuganza
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v Business conditions deteriorated for the Ugandan private sector during January due to a reduction in new orders which caused a fall in employment as the country went through the General Elections period. For the first time during the past seven months, the headline Stanbic Purchasing Managers’ Index (PMI)
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Finance Minister Matia Kasaija has seen Uganda borrow trillions of shillings Is Uganda’s increasing public debt sustainable? That’s the pertinent question many Ugandans are asking. The stock of Uganda’s public debt increased from US$ 12.55 billion in FY 2018/19 to US$ 15.27 billion in FY 2019/20, the Debt Sustainability Analysis Report
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