Uganda Revenue Authority (URA) has revealed that ambulances are among the many items exempted from taxes. This follows Speaker Rebecca Kadaga’s promise to lobby for tax exemption for ambulances saying they are not commercial or luxurious vehicles but a public good. Kadaga made the appeal while launching ambulances donated by
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An International Monetary Fund (IMF) team, led by Mr. Enrique Gelbard, visited Tanzania from February 20 to March 4, 2020. The mission held discussions with the authorities on the 2020 Article IV Consultation. At the end of the visit, Mr. Gelbard, issued the following statement: “The pace of economic activity
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The local currency hovered near the key level of 3700 during the week ending March6, 2020, oscillating in a narrow range, with on and off demand, mostly from corporate players as import demand remained muted on account of Coronavirus. Trading was in the range of 3790/3715. In the money markets,
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Overall, African equity capital market (ECM) activity in 2019 declined sharply both in volume and value from 2018, with 2019 posting the lowest proceeds raised in ten years. The general slowdown in equity markets was largely driven by a series of macroeconomic factors including an ECM deceleration in global markets,
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Raxio Data Centre which is still under construction is located in Namanve Industrial Park Raxio Data Centre, the first of a kind in Uganda is set to officially open in June 2020, Abdul-Rahman Ahmed, the Company’s Vice President-Technology and Operations has revealed. He made the remarks on Wednesday during a
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A staff team from the International Monetary Fund (IMF), led by Benedict Clements, visited Kenya from February 19-March 3, 2020, to conduct the Article IV consultation discussions with the authorities and undertake negotiations on a new precautionary three-year Stand-By Arrangement/Stand-By Credit Facility. At the end of the visit, Mr. Clements
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The World Bank and the International Monetary Fund (IMF) have teamed up to fight the deadly COVID-19 virus commonly referred to as coronavirus. The IMF Managing Director, Kristalina Georgieva and World Bank Group President, David Malpass issued the following joint statement. “The IMF and the World Bank Group stand ready
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The local unit lost its upside momentum which on the average it had kept over the last four weeks, threatening to breach a key level of 3700 in the week ending February 28, 2020. The shilling was largely undermined by strong interbank demand as players were seen building positions. At
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Archbishop Stanley Ntagali (pictured) will officially retire as the 8th Archbishop of the Church of Uganda on 1st March 2020 after clocking his 65th birthday. He was elected Archbishop on 22nd June 2012 and installed on 16th December 2012 at St. Paul’s Cathedral, Namirembe. He replaced Archbishop Luke Orombi. On
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The second season of the prestigious Corporate Games League 2020 (CGL) will kick off at Mandela National Stadium, Namboole on Sunday March1, 2020. The Corporate Games Uganda Ltd is a registered Sports management company that organizes Corporate Games, Corporate Runs, Team Building, Kids League and Corporate Social Responsibility in Uganda
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