Business

Top officials from soft drinks companies in Uganda have met President Museveni to review their partnership with government. Officials from Uganda Revenue Authority attended the meeting yesterday. Coca-Cola Company pays more than Shs.100 billion annually in direct and indirect taxes.   FULL STATEMENT AFTER MEETING President meets executives of Soft …

Reforms spur social security services but still lag behind peers and standards in developed countries, writes Isaac Khisa. Things are changing for the better in the pension sector. Five years ago, the government enacted the Uganda Retirements Benefits Authority Act that created the Uganda Retirement Benefits Regulatory Authority (URBRA). According …

We have not closed WBS, We have only used one collection method among many to collect arrears. WBS is still going strong. @wbstvug — UgandaRevenueAuthori (@URAuganda) April 11, 2016 Two city lawyers Joshua Ogwal and Kabiito Karamagi will manage Wavah Broadcasting Services (WBS) Television until Uganda Revenue Authority (URA) gets …

Ugandans’ hopes of a resurgence of trade links rise as civil war comes to an end There is one very busy triangular area in down town Kampala along Ben Kiwanuka Street that got to be known as Arua Park. The triangle is where three streets namely Johnson, William and Ben …

Panama Papers expose efforts plot to dodge taxes in oil deals When 370 journalists from 76 countries collaborate on an investigation, the resulting story is bound to be explosive. That is exactly what happened with what has come to be known as “The Panama Papers”; which is a huge leak …

Caracas, Venezuela | AFP Venezuelan workers will get Fridays off for the next two months as part of an emergency plan to save electricity, the president said. Venezuela has the world’s largest proven oil reserves but its economy is a mess, with rampant inflation, shortages of goods as basic as …

Washington, United States | AFP Angola said Wednesday it had asked the International Monetary Fund for help after the crash in oil prices ravaged government finances. The IMF said discussions would begin next week in Washington on what could be a three-year support plan for the government. “The sharp decline …

Albert Einstein once said, “Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.” Basing on this, it is imagination that drives many companies and businesses as …

Bank of Uganda has reduced the Central bank Rate (CBR) to 16% to ease monetary policy for potential economic growth. BOU maintained the rediscount rate and bank rate at 20%and 21% respectively, the policy will also maintain the core inflation over the next quarters, so as to target 5% of the …

Web City Café, an Internet café in the heart of Kampala City, is only a fading shadow of its former self. In the early 2000s, it had hundreds of computer terminals that would be occupied by patrons throughout the day. The employees used to work in shifts into the wee …