Uganda Revenue Authority (URA) has named top taxpayers (Small and Medium Enterprises category) per district as part of the Taxpayers Appreciation Season 2020. The appreciation season is running from October to December 2020, under the theme ‘Celebrating the Taxpayers of Uganda’. According to URA Commissioner General, John R. Musinguzi, the
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Who’s benefiting from billions of shillings earned from Uganda’s coffee exports? This is one of the questions frequently asked by coffee farmers and stakeholders. This is because farmers feel cheated as exporters earn big from the country’s leading cash crop. For example, according to Uganda Coffee Development Authority (UCDA) monthly
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Kigoye is earning millions from Vanilla farming Vanilla has emerged as one of the top lucrative crops not only in Uganda, but globally. This explains why the Ugandan Government has started setting dates for vanilla harvesting to conform to the international practice. Vanilla is one of the high value crops
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The local currency weakened, pausing an advance in the previous sessions that saw the currency on the gaining side. Markets players were seen earlier in the week reposition. The unit traded in the range of 3700/3710 during the week ending November 20, 2020.In the fixed income segment of the market,
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Finance Minister, Matia Kasaija Parliament Thursday approved two loan proposals by Government to borrow up to USD 600M (Shs2.22 trillion) from the International Monetary Fund (IMF) and Shs4.3 Trillion through domestic borrowing to finance Budget deficit for Financial Year 2020/21. The Proposals were presented to Parliament by the Minister of
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John Gemin, the Emirates Uganda Country Manager Emirates recently resumed flights to Uganda, albeit with a scaled down frequency. We caught up with John Gemin, the Emirates Uganda Country Manager to give us insights into what the aviation sector is currently going through and what it is that they have
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Keith Kalyegira (C), the CMA CEO addressing the press The Uganda Securities Exchange (USE) total market capitalization fell by 15.7% to Shs19.09 trillion at the end of 2019/20 from Shs22.66 trillion at the close of 2018/19, the Capital Markets Industry Report 2019/20 has revealed. There are 17 companies listed on
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The Economic Policy Research Centre (EPRC) has launched a new study on impact of COVID-19 guidelines on market vendors of perishable goods in urban and pre-urban areas of Uganda. During the launch held at Makerere University this morning, Prof. Johnny Mugisha, the Dean of School of Agricultural Sciences at Makerere
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Umeme Managing Director Selestino Babungi together with Sino Industrial Park Chairman Mr. Stephen Kaboyo inspect a beef processing factory Utility company Umeme has pledged to expedite the connection of power lines at Sino Industrial zone located in Western Uganda. Mr. Selestino Babungi, the Umeme Managing Director speaking during a recent
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David Wandera, Absa Bank Uganda's Head of Markets during the release of the Absa Financial Markets Index (AFMI) in January 2020. In August 2020, Absa Bank Uganda launched NovoFX app that makes cross-border payments easy. Business Focus exclusively interviewed David Wandera, Absa Bank Uganda’s Head of Markets, about the benefits of
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