Financial
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Bujagali Hydropower project faces forensic audit as it seeks tax exemptions
KAMPALA– The Members of Parliament are immovable on approving tax exemptions for some companies in Uganda Uganda, pending a report on its effectiveness. The MPs instead have allowed a one-year tax exception to…
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Govt slashes tax on opaque beer
KAMPALA – Brewers producing the low cost opaque beer in Uganda will in the new Financial Year 2022/2023 enjoy a tax cut as government entices more local manufacturers into alcohol brewing. Effective July…
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Donkey named most trafficked animal in the world
LONDON – The Donkey Sanctuary has today launched a new animated awareness film highlighting the plight of the world’s donkeys – and communities and individuals that rely on them – as they are declared the…
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EACOP gets four contractors
HOIMA – Four international companies that were contracted by government to implement the East African Crude Oil Pipeline [EACOP] have been unveiled to the local business community in the Albertine Graben The…
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Mbarara City official arrested for stealing salon money
MBARARA– Mbarara City Assistant Commercial Officer Donati Mutaahi and three others have been arrested by the police over the embezzlement of Shs10 million belonging to Emyooga SACCO of salon operators. Mutaahi who…
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BKCU grappling with debts ahead of next AGM
MBARARA– Preparations are in high gear as the debt-ridden Banyankole Kweterana Cooperative Union [BKCU] Limited prepares to hold its 49th Annual General Meeting [ AGM ] this Friday, over three weeks from the…
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Woccu webinar describes efforts to support credit unions in Ukraine
USA – The World Council of Credit Unions (Woccu) and the Regional Credit Union Center (RCUC) for Central and Eastern Europe recently hosted a virtual event to explore the realities on the…
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BoU holds CBR at 6.5 percent for April 2022
KAMPALA – The Bank of Uganda [BoU] has maintained the Central Bank Rate (CBR) at 6.5 percent. The decision was taken during the Monetary Policy Committee (MPC) meeting of April 2022. BoU…
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Gulu City resumes lending to Emyooga Saccos amidst low recovery of funds
GULU- Authorities in Gulu City have resumed the disbursement of Emyooga funds to different Savings and Credit Cooperative Societies [Saccos], even though the officials face hurdles in the recovery of the funds…
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Soroti leaders decry low funds allocated to PWDs
SOROTI – Soroti City leaders want the money allocated under the Special Grant for Persons with Disabilities [PWDs] to be increased by the Ministry of Gender, Labor and Social Development [MGLSD], saying…
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