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Parliament passes the Tax procedures Code Amendment Bill 2018

Namuganza weeps before parliamentary committee

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...

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Direct Domestic Investment increases to 52%

Direct Domestic Investment increases to 52%

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...

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Members of parliament oppose new taxes introduced by government

Members of parliament oppose new taxes introduced by government

Uganda Minister of Finance Matia Kasaija displays a briefcase carrying national budget before presenting it to the nation during a budget speech. Members of Parliament on the finance committee have...

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Human rights activitists cry foul as Ugandan government introduces tax on social media

Human rights activitists cry foul as Ugandan government introduces tax on social media

  Minister of Finance Matia Kasaija Uganda plans to slap a new tax on social media users from July to raise revenue, which human rights activists denounced as another attempt...

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Bank of Uganda projects 6.5% growth in the next three years

Mutebile disagrees with Uganda’s BUBU campaign saying its a risky protectionist policy

Bank of Uganda has acknowledged a more positive Economic growth outlook in Uganda than it was forecasted in the February monetary policy committee meeting. While releasing April monetary police statement...

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Government urged to ease revenue collection at borders

Parliament grants Hon Akamba leave, to table a private members bill

The Parliamentary Committee on Finance, Planning and Economic Development, has concluded a five-day visit to customs border stations in Northern and Eastern Uganda. The Committee chaired by Hon Henry Musasizi...

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PAC grills Ministry of Defense officials over 718 billion arrears

Age Limit committee in financial crisis

The public Accounts committee of parliament has grilled the officials led by the undersecretary in the Ministry of Defence, Edith Buturo, over 718 billion shillings arrears that remained unpaid at the close...

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Zimbabwe’s economic situation very alarming – IMF

Zimbabwe’s economic situation very alarming – IMF

Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned. Government spending and foreign debt are too...

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BOU officials grilled over hiring external lawyers to battle court cases

BOU officials grilled over hiring external lawyers to battle court cases

Bank of Uganda appearing before the committee The Bank of Uganda officials led by the deputy governor bank of Uganda Louis Kasekende were grilled before the parliamentary committee on commissions,...

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Government urged to intervene in reducing financial exclusion

Government urged to intervene in reducing financial exclusion

Financial Sector Deepening Uganda (FSDU) has asked government to have a strategic approach of increasing mobile phones hand sets to the poor to facilitate the financial inclusion strategy that seeks...

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