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 […]
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 […]
Members of Parliament on the finance committee have opposed government’s proposal to tax Saccos and individuals engaged in agriculture. The proposals that also include a ban on importation of vehicles older than eight years are contained in tax bills for the financial year 2018/2019. The eight tax bills, which are being considered by the Parliament […]
Uganda plans to slap a new tax on social media users from July to raise revenue, which human rights activists denounced as another attempt by President Yoweri Museveni to stifle freedom of expression and quash dissent to his 32-year-rule. The move is unlikely to go down well in a country where more than 40 […]
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 today, the governor bank of Uganda Prof. Tumusiime Mutebire said that Uganda’s economic growth is projected to grow by 6.5% in the next three years. He said […]
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 (Rubanda County East) visited the customs border stations of Busia, Malaba, Elegu, Afogi, Oraba, Lia, Vurra and Pakwach. The field visit, which ended on Sunday, […]
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 of the financial year 2015/17. The funds were meant to clear delayed payment of over 8,000 retired army officers their gratuity and pension, land compensation […]
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 high and it needs structural reform, Zimbabwe mission chief Gene Leon said.The once-thriving economy is now seen as a regional basket case. “The economic situation […]
The Bank of Uganda officials led by the deputy governor bank of Uganda Louis Kasekende were grilled before the parliamentary committee on commissions, statutory Authorities and state enterprises over hiring external lawyers to battle court cases which are against central bank. The committee chaired by the MP for Bugweri county Abdul Katuntu had summoned the […]