Uganda Revenue Authority (URA) collected gross revenue totaling to Shs1.37 trillion in October 2018 against a target of Shs1.29 trillion. This implies that the tax body registered an impressive gross surplus of Shs79.28bn. According to information obtained from URA, net revenue collection for the month of October 2018 totaled to
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Denise Coates (in featured photo), the British founder and chief executive officer of online bookmaker Bet365 Group Ltd., is more than 10 times richer than Queen Elizabeth II on the back of the bookmaker’s latest accounts. Coates, 51, has a net worth of $4.5 billion thanks to her majority stake
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Stanbic Bank has today awarded graduation certificates to 420 entrepreneurs from 119 Small and Medium Enterprises (SMEs) through its business incubator. This is the second cohort to graduate since the incubator was launched earlier this year. Cohort one saw 94 entrepreneurs from 34 businesses graduate; thereforemaking a 2018 total of
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Uganda is the most preferred investment destination by Kenyan small and medium enterprises looking to expand outside the country, a new report says. The 2018 annual Top 100 survey by Nation Media Group and KPMG shows that 78 per cent of local SMEs have opened branches in Uganda, 59 per
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Irish potatoes is one of the crops that can easily make one a millionaire-only if they do the right thing. In Uganda, Irish potato growing is increasingly becoming commercial, thanks to the growing demand resulting from the increase in townships, population and hospitality industry. For farmers looking to venture into
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The 2019 shortlist for the Africa Prize for Engineering Innovation was announced yesterday in Cape Town, South Africa, recognising the most promising entrepreneurial engineers from across sub-Saharan Africa. Among the 16 shortlisted engineers, Uganda has two; Anne Rweyora, who came up with a combination of technologies that help women acquire
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The Uganda National Bureau of Standards (UNBS) has closed down the production facility belonging to Mbogo Quality Cuts Limited located in Bulenga, the processors of Alpha Special brand of sausages, due to poor hygienic conditions contrary to the Standard for good manufacturing and hygienic practices. [caption id="attachment_19625" align="aligncenter" width="598"] The
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MTN Uganda Wednesday became the first telecom company in Uganda and in the MTN Group to grant access to third-party access to its Mobile Money Access Programming Interface (API). An Open API platform enables developers and programmers to get free access to MTN mobile money proprietary software platform. MTN Mobile
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Today dfcu bank joins the rest of the world to celebrate the Global Entrepreneurship week, a worldwide movement to shine a spotlight on the importance of entrepreneurship to our economy. In 2007, dfcu Bank established the Women in Business program (dfcu WiB) with specific focus on supporting women entrepreneurs and
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Doris Akol (in featured photo) was first appointed Commissioner General of Uganda Revenue Authority in October 2014. She was definitely headed for a daunting task considering the fact that she was replacing Allen Kagina, the ‘lady’ who had literally become the image of URA. Under Kagina’s leadership, URA became one
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