Archive for 'Business'
NSSF to introduce unemployment benefit.
The National Social Security Fund (NSSF) has revealed plans to introduce a wide range of benefits for its members as soon as the pensions sector is liberalised. The planned products include a housing/mortgage product, unemployment benefit, [...]
URA to start taxing funeral services and churches
Uganda revenue authority has announced that funeral services are liable to taxation. The tax body is also going to churches following reports that some churches have gone commercial and making huge profits. The exceptions have only [...]
Museveni calls for more funding.
President Yoweri Museveni has advised development partners to consider increasing capital to development countries. Museveni was speaking at the opening of a three day international workshop for experts in money transfers under the umbrella ‘SWIFT’ at [...]
Uganda’s inflation falls.
Uganda’s year-on-year inflation fell for the second straight month in April to 20.3 percent from a revised 21.1 percent, due to slowing food prices, the statistics office said. The core rate of inflation also slid to [...]
URA registers surplus in tax collection.
Uganda revenue Authority has registered 560.31 billion shillings against the projected target of 503 billion shillings that was meant to be collected in March. The surplus registered for the month of March has therefore reduced the [...]
Investors asked to sell some shares to Ugandans.
Kampala traders have called for a strict law compelling foreign investors to have local partners in their businesses to reduce on repatriation that causes a strain on the local shillings. It should be noted that, most [...]
Centenary bank records super profits.
Agriculture accounts for one-third of GDP and three-quarters of employment in Sub-Saharan Africa but In Uganda, interventions to develop the sector have been limited by a low desire by financial institutions inject money into farmers. Centenary [...]
East Africa looses $2.8 billion us dollars a year.
A new report by Tax Justice Network Africa and Action Aid titled “Tax Competition in East Africa” has showed that East African governments including Kenya, Uganda, Tanzania and Rwanda are competing to offer incentives to attract [...]
U.N.B.S inquiry report complete, Exective director interdicted.
A commission of inquiry that was set up by the Trade minister to investigate the mismanagement of the Uganda National Bureau of Standards yesterday handed over the report to Trade Minister, Ameria Kyambadde. The report has [...]
Mutebile grapples with economy.
The Governor Bank of Uganda Emmanuel Tumusiime-Mutebile has given a grim assessment of the economy saying credit growth has stagnated and macro-economic indicators point to a rather uncertain outlook. During the press conference, he said that [...]
Uganda receives sh248b World Bank loan for poverty reduction.
Ugandan economy is likely to take a high jump from a remarkable walkin
Government accused of neglecting nodding disease victims.
Nodding Disease - cause is malnutrition: Lately, while sharing with a
Police launches mobile command vehicles to beef up security.
Just like many other inquires and investigations that are yet to made
Lukwago warned.
mr luyiga welaga nnyo tolowoza nti gwosinga lukwago amateka...wakayiga
Uganda lacks entrepreneurship skills- Museveni.
I told the President, Museveni, earlier on but he shrugged off. Check