The News Today

Uganda Revenue Authority (URA) collected sh11.23 trillion, 400 billion less than targeted for the fiscal year 2015/16. Despite the shortfall on the target, the tax figures represented a growth of 15.60% (sh1.5 trillion) from the previous year’s figure of sh9.7 trillion collected in revenue.  URA has now been taxed to …

President Yoweri Kaguta Museveni has said companies that sold goods to the government of South Sudan and have not been paid will be considered for a bailout. Museveni told Uganda’s Political Leadership Retreat at the National Leadership Institute (NALI), Kyankwanzi that these companies require government intervention because they are exporting …

Role of central banks: Kasekende caught between bulls and bears Central banks need to do something about market failures. The question is what? That was the focus of discussion at the Bank of Uganda organised debate on `The Role of a Central Bank in a Market Oriented Economy’ on July …

National Social Security Fund boss Richard Byarugaba has rubbished media reports that the institution would be providing a mind-boggling 1 trillion shillings to for an impending bailout of selected business moguls. The nation is grappling with tail-spinning details that emerged of President Museveni spearheading a life-saving campaign for heavily indebted …

One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …

What is driving soldiers to kill, commit suicide? Recently, on June 6, Sergeant Isaac Obua, a UPDF soldier attached to Makindye Military Barracks in the southeastern division of Kampala sent the nation in shock when he shot and killed seven people including children. He was shot and killed by his …

The death on July 16 of John Bosco Kyeyune, the renowned leader of the Mt Sion Prayer Centre Bukalango – also known as Mukajanga- could not have come at a more crisis-filled moment for the Catholic Church of Uganda. Earlier in March, Archbishop Lwanga had suspended Mukajanga over activities related …

Lagos, Nigeria | AFP | Nigeria on Sunday celebrated two years without a new case of polio, in a major stride towards Africa being declared free of the devastating disease. If no new case is reported by July 2017, Nigeria will be certified free of the virus, which mainly affects …

Lusaka, Zambia | AFP | Zambian authorities said on Sunday they had called off a planned show by Congolese singer Koffi Olomide following his deportation from Kenya for kicking one of his female dancers. Olomide was scheduled to perform at the annual agricultural trade show in Lusaka this week. “Following …

Fighting corruption will be high on the agenda when Ugandan leaders head to the National Leadership Retreat Kyankwnazi, Prime Minister Ruhakana Rugunda has said. “Corruption is one of the bottlenecks of government. Yes corruption will be tackled as one of the key issues at the retreat,” Rugunda told the press …