Financial
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House approves Shs 9.5bln in tax waivers for local companies
KAMPALA, February 22, 2025 — Parliament on Thursday approved tax waivers of over Shs 9.5 billion for selected local investors for the running financial year 2024/2025. This followed the adoption of the report…
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Coffee prices surge to record highs amidst global market shifts
KAMPALA, February 21, 2025 –– In January 2025, the International Coffee Organisation [ICO] Composite Indicator Price [I-CIP] for green coffee reached an average of 310.12 US cents per pound [0.453592kg], marking a…
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Nebbi councillors to probe schools over ghost learners
NEBBI, February 21, 2025 — District councillors in Nebbi are preparing to begin investigations into headteachers of both Universal Primary Education [UPE] and Universal Secondary Education [USE] schools regarding learner enrolment. During…
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Chia seed company turns to cooperatives to meet international standards
GULU, February 21, 2025 – Talia Group Limited, a company that grows and purchases chia seeds in the Acholi Subregion, has turned to cooperatives in an effort to meet the international organic…
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Remove Uganda from Anti-Money Laundering grey list, Tayebwa asks EU Parliament
KAMPALA, February 20, 2025 –– Deputy Speaker of Parliament, Thomas Tayebwa has urged the European Union [EU] Parliament to expedite the process of removing Uganda from its anti-money laundering and terrorism financing…
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AG faults ministry for shortage of agricultural extension workers
KAMPALA, February 20, 2025 – The Auditor General’s latest report has revealed a significant shortfall of over 3,000 agricultural extension workers across Uganda, which is expected to have a detrimental impact on…
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Kasese and Rubirizi women groups receive Shs 300mln for climate adaptation
KASESE, February 19, 2025 — The World-Wide Fund for nature [WWF] in Uganda in partnership with International Institute for Sustainable Development [IISD] from Canada has handed over Shs 300 million to three…
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MPs cite irregularities in Bujagali Hydropower Project tax waiver
KAMPALA, February 19, 2025 — Members of Parliament [MPs] have raised concerns over the Bujagali Hydropower Project’s tax waiver, exposing alleged financial miscalculations and possible overcharging of Ugandans. The legislators sitting on…
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Credit unions in US defend income tax exemption
NEW YORK, February 18, 2025 — Credit Unions in the United States of America [U.S.A] have launched a campaign explaining how they are different from commercial banks so that they can be…
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UBOS tablets enable efficient distribution of PDM funds in Gulu district
GULU, February 18, 2025 – Alfred Ocen, the Gulu District Commercial Officer, has noted that tablets recently provided to technical officers to facilitate the implementation of the Parish Development Model [PDM] have…
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