Traders in Kikuubo, a busy business hub in the heart of Kampala Government is proposing offering tax exemption to startup businesses so as to encourage them to grow. The revelation was made by Henry Musasizi, Minister of State for Finance while appearing before Parliament’s Finance Committee to present the seven
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Henry Musasizi, Minister of State for Finance Government has also moved to streamline the penalties governing Electronic Fiscal Receipting and Invoicing System (EFRIS) by dropping the Shs6M fine imposed on non-compliant taxpayers, and instead have the traders pay twice the amount of tax they owe. The revelation was made by
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ICT and National Guidance Minister, Chris Baryomunsi (left) leads the Ministry team before the House Committee on ICT on Thursday 3 April 2025 Government is moving to revitalise the Uganda Telecommunications Corporation (UTel), after it secured investment commitments from Rowad Capital Commercial LLC (RCC), a United Arab Emirates (UAE) company.
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Government through the Ministry of Finance has proposed to increase taxes on cigarettes and beers manufactured from local raw materials in order to generate Shs19.40Bn. Government argues that it has been under pressure from players in the health sector to have the tax on tobacco increased so as to reduce
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Christopher Legilisho, Economist at Stanbic Bank Strong demand conditions drove growth in input buying, as firms stocked up amid anticipation of more upturns in activity later in the year, slightly lifting the monthly Stanbic Purchasing Managers’ Index (PMI). The headline Stanbic PMI rose to 52.9 during March, up from 52.6
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A group photo of the students with officials from TotalEnergies EP Uganda led by Laurent Stephane, Tilenga Academy Recruitment and Training Manager One hundred (100) young Ugandans are commencing advanced studies in Oil & Gas operations and maintenance in France, Malaysia, and Oman in preparation for their future deployment on
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Dr. Rosemary Byanyima, Executive Director of Mulago National Referral Hospital Mulago National Referral Hospital has warned of the staffing and logistical crisis it faces in treating patients of HIV/AIDs who were initially handled by donors, but the move to incorporate them into Mulago will further strain its staffing level that
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49th Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) Taskforce of Senior Officials meeting at Speke Resort Munyonyo President Yoweri Museveni has reaffirmed Uganda's commitment to continue supporting regional & global initiatives aimed at building a safer and more transparent financial system. Museveni's message delivered by the Prime Minister, Robina
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Officials of Uganda Airlines and local communities engage in the clean up on March 29, 2025 in Kigungu. Uganda Airlines, in its continued commitment to sustainability and aviation safety, successfully conducted its first community clean-up at Kigungu in Entebbe over the weekend. The initiative was part of the airline's broader
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School children sharing a meal from a fellow pupil whose parent had packed him lunch. Many parents in Mpigi are yet to embrace the Ministry’s call to feed learners at school. A new report by ActionAid International Uganda has called on the government to adopt progressive tax reforms to increase
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