The brisk business Julius Kirya did from his cash transfer kiosk in the Ugandan capital has slowed right down with a new tax on mobile money. Many of his customers have returned to sending banknotes by hand, in some cases via motorbike taxi. How to tax digital revenues, from fintech
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Controversial former information minister, Kabakumba Masiko has partnered with three former Members of Parliament (MPs) who failed to win back their seats in the 2016 general elections to venture into the ‘mushrooming’ labour recruitment and export business, Business Focus exclusively reports. The four former MPs have already registered their company,
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The European Union is supporting the Government of Uganda to revitalise railway transportation in Northern Uganda On Wednesday, the European Union approved to finance the project for the rehabilitation of the Tororo-Gulu railway. A grant of EUR 21.5 million will be disbursed from the European Development Fund (EDF) to rehabilitate
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A number of Bank of Uganda (BoU) officials are under investigation by the Inspector General of Government (IGG) over alleged corruption and abuse of office. The officials under probe include BoU Governor, Prof. Emmanuel Tumusiime-Mutebile and his deputy, Dr. Louis Kasekende, who are believed has started an to investigate governor
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Under the Women in Business (WiB) program, dfcu bank in partnership with the Uganda Law Society (ULS), recently held a financial literacy training session for over 50 women lawyers in Kampala. The session conducted at the dfcu Head offices in Nakasero on Friday 12th October 2018 is a component of
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Youth leaders from 14 districts of Western Uganda are calling for a review of the criteria for the election of Youth Members of Parliament. They want the legislators to be elected from sub regions, as opposed to regions arguing that the review will ensure that youths get effective representation from
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Middle East Consultants Ltd (MECL), Uganda’s leading labour recruitment and exporting agency has revealed that it will soon start exporting Ugandans to China for lucrative jobs. This was revealed by MECL Managing Director, Gordon Mugyenyi in an exclusive interview with Business Focus at the sidelines of the National Symposium and
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President Yoweri Museveni Wednesday commissioned the new cable-stayed bridge in Jinja. Below is his speech; The Shs41b bridge was constructed with support of the Japanese International Cooperation Agency (JICA) and it will last 120 years. [caption id="attachment_18627" align="aligncenter" width="600"] President Museveni (C) cuts the ribbon to officially commission the new
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By xinhua Tanzanian police on Tuesday released 19 suspects out of 26 who were being held in connection with the abduction last week of the east African nation's young billionaire, Mohammed Dewji. "The 19 suspects were released on bail on Monday after interrogations. We are still questioning the remaining seven
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By AFP Ugandan pop star turned opposition MP Bobi Wine on Wednesday accused police of blocking him from holding a much anticipated concert this weekend. In a letter seen by AFP, Uganda's head of police operations said Wine, whose real name is Robert Kyagulanyi, was "advised to call off the
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