Jinja Municipal Council is organizing Uganda’s first ever Urban Expo to be held at Civil Service College Jinja which is expected to attract more than 10,000 visitors from over 50 countries. The event is expected to run from the 5th to 9th of September 2018. According to the statement realized, “the main aim of the […]
This follows an outcry and anger from the citizens who, rather than make mobile money transactions as was before the taxes, prefer to use public means such as motorcycles, taxis to transfer money as they found it cheaper to travel than incur the extra costs that come with the tax. For social media, users have […]
Financial Institutions have been encouraged to develop innovative ways of delivering financial services to more Ugandans. The call has been made by the deputy Governor Bank of Uganda Louis Kasekende while launching the Finscope 2018 Financial inclusion Survey at Kampala Serena Hotel. The survey showed that 22% of the country’s adult population is still financially excluded with […]
Parliament has finally passed the budget for the financial year 2018/19 worth 32.5 Trillion shillings. The passed budget includes the recurrent Expenditure of 9.4 trillion shillings, Development Expenditure of 13 trillion shilling s and statutory expenditure of 10 trillion shillings. Parliament also passed the Appropriation Bill, 2018, authorizing the public expenditure from the consolidated fund worth […]
Uganda is most likely to miss its target of becoming an upper middle income country by 2040, a study to determine the impact of age structure on development has found. The study by the Population Reference Bureau (PRB) predicts that the average GDP of $9,500 target is unrealistic, as Uganda’s population will remain young and […]
The Speaker of Parliament Rebecca Kadaga has directed government to stop using funds meant for the Women Enterprise Fund to train local government officials about the project. Kadaga made the directive at a workshop that was updating members of parliament on the implementation of the Uganda Women Entrepreneurship programme at parliament. She said that the local […]
Dry tests at the Teso Fruit Factory in Soroti indicate it will finally be ready for launch before the end of this year. Trade Minister Amelia Kyambadde, members of the Board of Uganda Development Corporation (UDC), Leaders of Teso Region, farmers and other stakeholders toured the factory on Wednesday 16th May 2018 and were shown the […]
Parliament has passed the Tax procedures code amendment Bill 2018. The Bill provides for the manner in which tax returns are to be furnished to the Revenue Authority. It also requires licensed persons in the business of casinos, lotteries and gaming to furnish weekly and monthly returns in order to manage risk as payouts are done […]
Uganda Investment Authority has noted an increase in the number of Ugandans investing in their own country. Giving a quarterly report on the licensed projects for the last 9 months, the authority’s investment director, Lawrence Byensi said out of the targeted 225 projects for this financial year, the authority has seen 193 projects registered which represents […]
The National Chamber of Commerce and Industry’s invisibility has raised concern among members of parliament. The Vice Chairperson of the parliamentary Trade committee who is the woman member of parliament for Apac district, Betty Engola, while meeting the private sector foundation Executive Director, Gideon Badagawa, questioned why the Uganda National chamber of commerce and industry […]