Kinyara Sugar Works

MPS accuse URA officials of connivance with new sugar factories to evade taxes

MPS accuse URA officials of connivance with new sugar factories to evade taxes

Members of Parliament sitting on the Parliamentary Committee of Trade and Industry have accused some Uganda Revenue Authority (URA) whom they say connive with some new sugar factories to help them evade taxes. The Committee Chaired by the  MP for Fort Portal Municipality, Alex Ruhunda, while interfacing with the officials from the URA and Uganda […]

Uganda government to sell its shares in Kinyara Sugar Works

The government of Uganda which owns 49% of the shares in Kinyara Sugar Works has announced plans to sell off its stake in the country’s second leading sugar factory. The Privatization Unit under Uganda’s Ministry of Finance Planning and Economic Development has indicated that the government is ready to make an Initial Public Offer (IPO) […]