Business

The Uganda Revenue Authority together with the Ministry of Finance, Planning and Economic Development on Monday held a seminar to help tax payers understand what they are up against in the budget that was read last week. “We are here to help the ordinary person understand how the budget affects …

Telecom giant to roll out optic cable countrywide, to build state-of-the-art headquarters in Kampala On March 4, MTN CEO Brian Gouldie told journalists at a press briefing that the company was going to invest Shs 238 billion in its network in Uganda in 2016. On May 26 – exactly three …

Even for people who have lived in Kampala City all their lives, locating certain buildings in the city leave alone on a street can be a nightmare. Unlike other modern cities around the world, Kampala has very limited building identification signage and do are the city streets. Now, this is …

Uganda Bureau of Statistics (UBOS) has revealed an increase in prices of manufactured goods by 5.1% between April 2015 and April 2016. Some of the contributors to the annual increase include processed food by 8.1%, a result of a rise in sugar by 20.7%, processed coffee by 10.3%, vegetables and …

President Yoweri Museveni has said government will acquire the latest communication equipment to end what he termed rampant tax evasion and corruption within telecom companies in Uganda.  He said estimates indicate that the country was losing up to $400m (sh1.2 trillion) in tax per year. “There is still tax evasion …

Here is the FULL SPEECH – Uganda’s National Budget FY 2016-17 Madam Speaker, in accordance with Article 155(1) of the Constitution of the Republic of Uganda and the Public Finance Management (PFM) Act 2015 as amended; and in exercise of the power delegated to me by H.E the President of …

LIVE UPDATES from the Uganda Budget speech. BOTTOM, the FULL National Budget Framework Paper. *National Budget Framework Paper (NBFP) FY 2016-17 (Source Parliament Watch) *Report of the committee on Budget on the National Budget Framework Paper (Source Parliament Watch) *Motion on the Budget 2016/17 (Source Parliament Watch) Approved Budget 2015/16 …

Civil Society Organisations (CSOs) have challenged Uganda Revenue Authority (URA) to be fair, clear and transparent to encourage everyone to pay taxes. “It is our responsibility to pay taxes and as citizens we have an obligation of questioning how our money is used.  If we have a clear system, then …

The Inspectorate of Government has signed a Memorandum of Understanding (MOU) with the the  Financial Intelligence Authority (FIA) to share financial intelligence information int he fight to eliminate money laundering and corruption in general. The memorandum will enhance the partnership between the two institutions so that they can achieve their …

Uganda’s annual headline inflation has increased to 5.4% from 5.1% registered in April 2016. The main driver for the Annual Headline inflation was the annual core inflation which registered at 7% in May as compared to 6.4% recorded last month. However the increase is as a result of a rise …