The Speaker of Uganda’s Parliament, Rebecca Kadaga has ruled that the August House no powers to stop social media and Mobile money taxes, noting that the House can’t interfere with a law that has already been enacted. She gave her ruling during a plenary sitting held Thursday afternoon where she
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US President Donald Trump has vowed to help end "vicious and violent" conflicts in Africa. Speaking to journalists during a Nato summit in Brussels, Mr Trump said Africa was on "our very strong list" of priorities. He added: “Africa right now has got problems like few people would understand. They
Read MoreSouth Sudan's parliament has voted to extend President Salva Kiir's term in office until 2021 amid failure to hold elections this year, the BBC reports. Mr Kiir has been in power since South Sudan's independence in 2011 and elections in 2015 were also postponed. The move could undermine ongoing peace
Read MorePresident Yoweri Kaguta Museveni has said taxing deposits was wrong and it should stop immediately. And re-imbursments will be made. In a statement issued Thursday evening, Museveni said there was confusion about 1% and 0.5% charges on deposits on mobile money accounts which were not supposed to be taxed. “It
Read MoreBanks Shun Private Sector As They Reap Big From Lending Gov’t
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
Read MoreGovernment 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
Read MoreStanbic Bank has been recognized as the Best Bank in Uganda at the 2018 Euromoney Awards. The Euromoney Awards for excellence are the world’s most prestigious and respected banking and capital markets accolades that recognize institutions bringing the highest level of expertise, service and innovation in the global financial industry.
Read MoreBy Peter Abaanabasazi Hoima Police in Hoima are holding 12 suspects including a top businessman in the connection to the rampant theft of livestock in Bunyoro region. The suspects are Frank Tumwine, 29, Dan Namara, residents of Buseruka sub-county in Hoima district, Karebu Rwomushana, 36, a resident of Kiryandongo district,
Read MoreThe Tanzanian government has issued a seven-day ultimatum to research organisation Twaweza to explain why legal action should not be taken against it for allegedly conducting a survey without a permit. In a letter, the Tanzania Commission for Science and Technology (Costech) wants Twaweza to state why it should not
Read MoreBarclays Africa Group Limited officially changed its name to Absa Group Limited Wednesday and said it will rename its Barclays Bank subsidiaries in Uganda, Botswana, Ghana, Kenya, Mauritius, Mozambique, Nigeria, Seychelles, Tanzania and Zambia within the next two years, subject to regulatory approvals. The name change signals the start of
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