Experts say the interest rates are very high Kampala, Uganda |Isaac Khisa| Micro-credit is fast becoming a darling to millions of Uganda’s population following the rollout of new credit windows between financial institutions and telecom firms. But financial experts are worried that the new products may not create as much …
Read More »Thousands distressed after sim card switch off
Ugandans in their thousands Airtel subscribers especially were left cursing after their sim cards were switched off even after they had successfully re-registered through a process coordinated by Uganda Communications Commission (UCC) and National Identification Registration Authority (NIRA). Telecom companies were supposed to switch off those who had not reregistered …
Read More »BUDGET: Museveni warns telecoms on tax evasion
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 …
Read More »In The Independent: Museveni gets gadget to monitor telecoms
Cover story: Museveni gets Shs70bn telecom monitoring gadget An investigation by The Independent reveals that State House is closing in on a procurement of high-tech gadgets meant to forestall fraud among telecoms, which is costing government colossal sums in tax revenue. Last Word: Fight over misguided objectives Andrew Mwenda carries …
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