Kampala, Uganda | THE INDEPENDENT | French energy giant TotalEnergies announced on Tuesday the expansion of its renewables portfolio with new deals in Africa. The energy company bought 100% of SN Power, a subsidiary of Norwegian renewable energy company Scatec, the company said in a statement. SN Power, in partnership …
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Kampala, Uganda | THE INDEPENDENT | Civil society groups have protested against the latest extension of corporate income tax exemption by President Yoweri Kaguta Museveni to Bujagali Energy Limited (BEL) another year of tax waiver. Parliament recently allowed a one-year tax exemption to the power producer following the insistence of …
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EIB has supported Eastern Africa Transport Corridor and Bujagali Hydroelectric Project Kampala, Uganda | RONALD MUSOKE | A delegation from the European Investment Bank (EIB) has concluded a week-long (May 22-26) visit of Uganda that saw the bank’s representatives and senior officials from the government of Uganda and the private sector …
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Kampala, Uganda | THE INDEPENDENT | Bujagali Energy Limited (BEL) will refund US$342 million to the Ugandan government for overpaid fees subject to a forensic audit by the Attorney General. This is after Parliament chaired by Speaker Anita Among on Wednesday, 15 March 2023 adopted the report of the Adhoc …
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Kampala, Uganda | THE INDEPENDENT | Parliament has rejected the government’s proposed extension of the corporate income tax exemption for the Bujagali Hydro Power Project by 5 years. Parliament agreed to grant an exemption for only 1 year up to 2023. The decision was taken on Wednesday during a debate …
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| THE INDEPENDENT | Uganda government needs to carry out an audit to assess the impact of tax exemptions on Bujagali Hydropower Dam on the consumers prior to making any further extensions to minimise further revenue losses, according to civil society organisations. The CSOs under their umbrella organisation ‘The Tax …
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Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Finance, Planning and Economic Development has commenced scrutinising the new Tax Bills for the Financial Year 2022/23. The Minister of State for Finance for General Duties, Henry Musasizi, who on Friday, 29 April 2022 presented nine tax bills before the …
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Uganda Electricity Generation Company Limited has secured Shs2.7bn grant from Sweden’s Swedfund to conduct feasibility studies for floating solar development in the country. | THE INDEPENDENT | UEGCL Chief Executive Officer, Harrison Mutikanga and the Sweden Ambassador to Uganda Maria Hakanson signed memorandum of understanding in Kampala on Oct.12. “The …
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Kampala, Uganda | THE INDEPENDENT | Scores of traditional healers and spiritualists from Busoga region have pitched camp at Bujagali village, Budondo sub-county, Jinja district to celebrate the life of their leader, Budhagali Nabamba. Born Donozio Namunkanga Mukembo Zirabamuzale, the spiritualist, breathed his last on Saturday night after suffering a …
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New investors could trigger a drop in electricity costs Kampala, Uganda | ISAAC KHISA | Uganda’s planned commissioning of the multi-million dollar Isimba and Karuma Hydropower projects on the downstream of River Nile is expected to put government on the spot as sector players expect electricity tariffs to reduce. The …
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