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Tag Archives: loss

Uganda Clays to record a loss

Kampala, Uganda | THE INDEPENDENT | Clay products producer, Uganda Clays Ltd, has issued a half-year profit warning for the period ending June 30, 2023, attributed to machinery breakdowns. The company informed its investors that it is expected to register a loss during the period. “The Board of Directors of Uganda …

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The cost of sleep loss

Why playing catch-up on weekends may not help Kampala, Uganda | AGENCIES | Whether it’s work or play that prevents us from getting enough shut-eye during the week, assuming we can make up for it by sleeping in over the weekend is a mistake. New research led by Penn State reveals …

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‘Hold accounting officers personally liable for losses’

Kampala, Uganda | THE INDEPENDENT | The Parliament Committee on Public Accounts (Local Government) has recommended that the Secretary to the Treasury (PSST) should hold the accounting officers personally liable, for authorizing advances that were unaccounted for. Citing Kole District Local Government, the committee recommended that the accounting officer and the chief …

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Gov’t renews proposal to tax loss making businesses

Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry faced difficulty explaining a proposal by government to tax businesses that have been making losses for seven consecutive years. This same proposal was last year rejected by parliament. Ministry of Finance officials led by the State Minister of Finance …

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Auditor General reveals Sh 28 billion loss in YLP

Kampala, Uganda | THE INDEPENDENT | The Auditor General John Muwanga has released a new report revealing that government may never recover sh28.4 dillion disbursed to youth under Youth Livelihood Project (YLP). The AG found that almost 64 percent of the sampled youth projects, consisting of 71 percent value of loans, …

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