Members of Parliament (MPs) have strongly rejected government’s proposal to reinstate corporation tax on Savings and Credit Cooperative Organisations (SACCOs) making profits. Government had exempted SACCOs from paying corporation tax up to June 30th 2027. Government through Ministry of Finance had hoped to get Shs10bn from this new tax measure
Read MoreFeatured
A section of youth have explained why tax increment on alcohol is long overdue in Uganda. The youth on Wednesday appeared before the Parliament Committee on Finance to defend government’s proposal to increase tax on alcohol, arguing that this will reduce on its consumption rate and increase food production the
Read MoreBy Godfrey Ssenteza Small and Medium Enterprises (SMEs) constitute 99.95% of all companies in Germany. There are 3.67 million SMEs in Germany employing 68% of the working population of the country. The SME sector is thriving in this part of the world. With an annual turnover of up to 500m
Read MoreKenya Forest Service officers seized 700 bags of charcoal illegally imported from Uganda, the Daily Nation reports. The officers arrested one person and impounded two Lorries in Nakuru that were ferrying the contraband on Tuesday evening. Mau Forest regional boss David Mutoro said one lorry was seized after it was
Read MoreThe Managing Director of National Social Security Fund (NSSF), Mr Richard Byarugaba, has urged employees to save for their future retirement. He said statistics in the region show that Ugandans have one of the least saving cultures compared to the other countries in East Africa “We save less than 10
Read MoreMTN Uganda, led by the CEO Wim Vanhelleputte, at the weekend, paid a courtesy visit to the King of Tooro, His Royal Highness Dr. Rukirabasaija Oyo Nyimba Kabamba Iguru Rukidi IV at his majestic palace, the Karuzika, overlooking Fort Portal town. The CEO was on a three day visit to
Read MoreUganda's First Lady who is also Minister of Education and Sports has launched a radio campaign aimed at ensuring good feeding of school going children. Janet Museveni revealed this development on Tuesday. "Tonight, I start a national radio campaign on school feeding. Please tune in and let's discuss how to
Read MoreThe Director of Interpol AIGP Dr. Fred Yiga has urged Ugandans seeking greener pastures abroad to always seek guidance from them, but most importantly go through professional companies licensed by the government. Yiga made the remarks while flagging off 71 Ugandans who are going through Middle East Consultants Ltd (MECL)
Read MoreThe Ministry of Tourism, Wildlife and Antiquities has signed and awarded a contract to “Strategic Friends International Limited”, a Ugandan firm for consultancy services for the preparation of a master plan and strategic Environmental Assessment for the Development of the source of the Nile Area-Uganda, into a World Class Tourism
Read MoreMembers of Parliament sitting on Parliament Committee of Information and Communication Technology (ICT) have recommended that Shs11bn meant to compensate businessman Hassan Basajjabalaba to be re-channeled towards revamping the Uganda Broadcasting Corporation (UBC). This is after Keith Muhakanizi, Secretary to the Treasury revealed that Shs11bn had been provided for in
Read More