The taxman plans to increase sentisation to meet targets of the program Last financial year, Uganda Revenue Authority (URA) set an ambitious target to collect Shs420bn from small businesses across the country but preminary performance shows that it is likely not to be as expected. Data from the URA shows …
Read More »Museveni locked in intelligence fight
Reports on Tumukunde, Kayihura, Muhwezi, Muhakanizi In the wee hours of May 9 this year, President Yoweri Museveni was slated to travel to Jinja. But before he could embark on his trip there, he held a key meeting. The meeting was to discuss findings from an investigation he had asked …
Read More »BUSINESS: Uganda’s rice politics
Tax waiver on brown rice is meant to reduce its price from Shs 4,500 to Shs 3,000 per kilogramme The good news for rice consumers in Uganda is that if the Ministry of Finance, Planning and Economic Development sticks to its guns to have unprocessed rice commonly known as “brown …
Read More »Uganda to open investment office in Doha, Qatar
Uganda plans to open an investment office in Doha, Qatar to facilitate prospective investors with information on trade, investment opportunities and to promote tourism. “Uganda will open an investment office in Doha. It will be part of Uganda’s Embassy in Qatar andwill also work on the promotion of tourism,” said President …
Read More »NOTU opposes Kasaija move to liberalize pension sector
Finance Minister Matia Kasaija will soon convene a stakeholders meeting to deliberate on the latest disagreements over liberalizing the pension sector. The disagreements follow the re-tabling of the Uganda Retirement benefits sector liberalization bill 2011 before parliament seeking to end the monopoly of NSSF and allow private players join …
Read More »Fight looms over takeover of UTL
Libyans vow to take on Uganda after `quitting’ It is not clear what the Uganda government’s plan is since it announced that the Libyan owners of Uganda Telecom Ltd (UTL) have quit, but the move might get dirty if the Libyans instead implement a fight for the company. The government …
Read More »Muhakanizi, Isabalija ‘fight’ sparks Shs 30bn UEGCL audit
Finance PS controls government purse, but new Energy PS has Museveni’s ear A stealth fight is brewing between new Energy Ministry Permanent Secretary, Stephen Isabalija, and veteran Secretary to the treasury, Keith Muhakanizi, with insiders saying it threatens to hurt implementation of government projects worth billions of shillings, if not …
Read More »Bad news: IMF is back
Lagarde is visiting when the government is desperate for new money but in no mood to listen. Usually that means no deal but possibly not when the IMF and Museveni need each othe. Meetings between teams from IMF and planners of Uganda’s economy, especially President Yoweri Museveni, have historically involved …
Read More »Uganda gets $150m loan to construct 4-Lane Expressway
The Minister of Finance Matia Kasaija (Pictured) has signed a $150million loan from the African Development Bank towards the construction of the Busega-Mpigi 4-Lane expressway. The project will involve construction of 4 major interchanges to facilitate interconnection with roads at designated locations including Nabbingo, Nsangi, Maya and Lungala, construction of …
Read More »Opposition against Museveni growing?
Attacks on security installations, poverty, transition politics mark 2016 2016 might easily go down as one of the most challenging years in recent times for President Yoweri Museveni. The year recorded the highest number of attacks on security installations in the west, north, and central and saw growing sympathy for …
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