The sector faces several challenges, including limited access to financing and copyright infringement due to weak copyright laws, enforcement mechanisms and a lack of awareness Kampala, Uganda | AGENCIES | Africa’s multilateral lender, African Export-Import Bank, is working on the establishment of a US$1-billion African Film Fund to be launched in 2024 …
Read More »URA rolls out voluntary disclosure of offshore interests
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority is rolling out a Voluntary Disclosure Program (VDP), urging people with offshore incomes and assets to disclose their holdings. The VDP is among the tax administration measures put in place by URA to ensure tax compliance and has been on for …
Read More »NSSF upgrades whistleblower portal to protect employees
This move is expected to increase compliance by 3% in the next few months as executives race to grow assets by Shs2tn towards 2025 Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund has upgraded its web-based whistleblower portal to enable members to report defaulting employers in a seamless …
Read More »UBL launches new flavor for Uganda Waragi
Kampala, Uganda | THE INDEPENDENT |Uganda Breweries Limited, the makers of Uganda’s gin, Uganda Waragi have revealed their new premium limited flavor of Uganda Waragi – Uganda Waragi Lemon and Ginger. This exceptional and exclusive edition brings a burst of refreshing flavors to the renowned classic, promising to create unforgettable …
Read More »Airtel Uganda makes stock exchange debut with moderate IPO success
The company’s share price remains steady reflecting investors’ cautious “wait and see” approach Kampala, Uganda | THE INDEPENDENT | On November 7, Airtel Uganda marked a significant milestone by becoming the second telecom company to be listed on the Uganda Securities Exchange, following in the footsteps of MTN Uganda, which accomplished …
Read More »Stanbic PMI: Companies report higher output due to rising customer demand
Kampala, Uganda | JULIUS BUSINGE | During October, Uganda’s private sector reported that improving customer demand fed through to increases in output and new orders, with employment and purchasing activity raised accordingly. However, higher building material and fuel costs added to inflationary pressures, in turn feeding through to an increase in …
Read More »URA revamps taxpayers ledger to improve compliance
Masaka, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has moved to revamp the national taxpayers’ ledger management system in a bid to improve efficiency and levels of compliance in tax collection. The innovation was revealed by the URA Commissioner General John Musinguzi Rujoki, at the commissioning of …
Read More »Over 300 business entities evicted from Makerere
Kampala, Uganda | THE INDEPENDENT | More than 300 small business operators have been evicted from Makerere University. This follows a Makerere University Council order in 2022 that all businesses vacate campus premises. The University Council’s decision was based on the findings that numerous business activities that were operating on University …
Read More »ROAD SAFETY: Boda Boda riders get safety training and gear from betPawa
Kampala, Uganda | THE INDEPENDENT | In an effort to enhance road safety in Kampala, a ‘betPawa Boda-boda Road Safety Campaign’ has been launched. This initiative by betPawa, aims to address the pressing issue of road accidents, particularly involving boda boda riders who are among the most vulnerable groups to traffic …
Read More »Uganda Baati executive speaks on roofing materials for construction projects
SPECIAL FEATURE | CONSTRUCTION | Selecting the right roofing material is a pivotal decision for any construction project, and stone-coated tiles have risen in popularity due to their durability and aesthetic appeal according to Maclean Kukundakwe, the Head of Marketing at Uganda Baati. To make a wise investment, Kukundakwe says, …
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