Kampala, Uganda | THE INDEPENDENT | The government has started implementing the new 12% excise duty on airtime and internet data, among other fiscal measures for the year 2021/2022 that started Thursday. The new tax was part of the amendments in the Excise Duty Act and replaces the Over the …
Read More »ANALYSIS: Sudhir, BoU fallout
Sudhir, BoU fallout: An inside account of the politics behind the tycoon’s troubles Kampala, Uganda | HAGGAI MATSIKO | On July 6, President Yoweri Museveni chaired a meeting at which tycoon Sudhir Ruparelia and officials from Bank of Uganda (BoU) sought to resolve a crisis resulting from the takeover of Crane …
Read More »The secrets behind the Sudhir saga
How BoU is overseeing the biggest asset grab ever Kampala, Uganda | HAGGAI MATSIKO | On July 3, Crane Bank which is under receivership by Bank of Uganda (BoU) sued its former owner, Sudhir Ruparelia, and a company called Meera Investments Ltd also owned by Sudhir in what might turn …
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