By IAN RUMANYIKA After successful roll out of the SCT processes for all Imports into Uganda in December 2017,Uganda Revenue Authority is now set to roll out the SCT procedures for UgandanExports that are destined to the world all over. The roll out is effective 19th July 2018, and will
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Every few days, Tasiu Abdurrahman takes the money he makes from selling spices in Nigeria’s biggest northern city and buries it in his yard, reports Bloomberg. The 55-year-old closed his bank account eight years ago after growing disillusioned with standing in long lines for hours to deposit or withdraw cash.
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The Governor Bank of Uganda, Emmanuel Tumusiime- Mutebile, has told distressed banks he did not name to stop wasting time begging for bailout, warning that that such move would be “extremely dangerous”. He made the remarks Tuesday at the second Uganda Bankers’ Association Annual Bankers' Conference at the Kampala Serena
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Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile has revealed fresh details about the controversial takeover of Crane Bank by the Central Bank and its eventual acquisition by dfcu Bank. Mutebile said BoU had no option other than taking over crane bank He made the remarks this morning at the
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A lot of things are reportedly happening at dfcu, Uganda’s second largest bank by assets. Industry sources told this site last week that William Sekabembe, the Chief of Business and Executive Director resigned his job to join KCB as Managing Director. He reportedly served dfcu a three-month notice. Last week,
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President Yoweri Museveni has explained why the ruling National Resistance Movement (NRM) party won massively in the recently concluded LC elections. Below is his statement. Dear Countrymen and Countrywomen, especially the Bazukulu. Again, I greet you. Thanks for responding to my two long messages on the social - media and
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2018 Fifa World Cup final: France v Croatia Date: Sunday, 15 July (16:00 BST/6PM EAT). Venue: Luzhniki Stadium, Moscow Every team have their own history. Every generation of players has its own path towards glory. This France squad is no different. To get to the 2018 World Cup final, they
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Bank Lending Survey Report for the Fourth Quarter - FY 2017/18 released by the Bank of Uganda recently indicates that banks are expecting businesses to borrow more and at the same time default more on Dollar Loans. Findings from the survey for the period April – June 2018, as well
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A new report has revealed how government is literally killing Uganda’s private sector and the economy at large. The Bank of Uganda (BoU) Supervision Report for 2017 released recently says that the significant increase in the banks’ investment in Government of Uganda and BOU securities, with a meager increase in
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Government through the Ministry of Energy and Mineral Development has spoken out on the possibility of oil being discovered in Kayunga district. “There is no oil in Kayunga district,” says Yusuf Masaba, a Communication Specialist at Ministry of Energy and Mineral Development. This is after Daily Monitor published two articles
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