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New Tax Proposals On Alcoholic Beverages Could Lead To A Decline In Gov’t Revenues

Uganda Breweries Managing Director Andrew Kilonzo before Parliament’s Finance Planning and Economic Development Committee. The new tax proposals in the Excise Duty (Amendment) Bill 2024 once passed by Parliament, would make alcoholic beverages unaffordable to consumers, resulting in reduced volume sales, leading to a decline in annual tax revenues to

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AgribusinessNews

Traceability System: Parliament Asks Gov’t To Provide Shs32.5bn For Registration Of All Coffee Farmers, Players

The coffee traceability system will see all coffee farmers and players registered/Business Focus photo Parliament has asked Government to provide Shs32.5Bn to Uganda Coffee Development Authority (UCDA) to establish a coffee traceability system that will see all coffee farmers and players in the coffee sector registered. This is aimed at ensuring that Uganda

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UBL Commissions Shs37bn Biomass Plant, To Reduce Carbon Emissions By 92%

Minister Ruth Nankabirwa (3rd Right) commissioning the biomass plant as UBL officials look on Uganda Breweries Limited (UBL) proudly announces the commissioning of its state-of-the-art UGX 37 billion biomass plant, marking a significant milestone in the organization’s commitment to sustainability while demonstrating dedication to reducing its carbon footprint. The facility represents a substantial investment by

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Unilever’s Royco Wraps Up Ramadhan ‘Share Goodness’ Campaign With Eid Items Donation At Kibuli

Grace Nandawula,  (Second left) Nutrition Category Manager at Unilever hands over a basket with items donated to the muslim community to  Executive Imam at Kibuli Mosque, Sheikh Mutyaba Abdusalam during the culmination of the 'share goodness' campaign. Unilever’s iconic seasoning brand, Royco, concluded its month-long Ramadhan campaign with a grand

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State House Anti-Corruption Unit Starts Withdrawing Stolen Fertilizers From Container Village As Turkish Investor Loses Shs2.2bn

The fertilizer in question/ courtesy photo The State House Anti-Corruption Unit has started withdrawing stolen fertilizers from Container Village and the market in general. The Unit is currently investigating a matter in which a Turkish company, Iskenderun Fertilizer Inc., was defrauded over Shs 2.2 billion in a transaction for the supply

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Gov’t Defends Tax Increase On Fuel Products, Says Economy Has Recovered From COVID-19 Impact

Government through the Minister of State for Finance, Henry Musasizi (pictured), has defended the increase of tax on fuel products from Shs1,450 to Shs1,550, saying Uganda’s economy has recovered from the COVID-19 pandemic and the increase is part of Parliament’s earlier recommendation to have tax on fuel products increased every two years. The

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