tax
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Africa
ADF invests over US$ 6mln to strengthen public finance governance in African countries
KAMPALA-The Board of Directors of the African Development Fund [ ADF ] have approved a grant of US$ 6.12 million to help strengthen public finance governance in low-income African countries. The funding…
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International
Stakeholders urged to support UK co-ops and mutuals bill ahead of its second reading
LONDON-Co-operators in the UK are being urged to voice their support for the Co-operatives, Mutuals and Friendly Societies Bill, which is due for its second reading in the House of Commons next…
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International
Mutual trust and improved communications critical for voluntary tax compliance-OECD
LONDON-Effective taxation of large businesses would benefit from increased efforts to build trust and improve communication between tax administrations and Multinational Enterprises (MNEs), according to a new report from the Organisation for…
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News
MPs call for more money to fund road maintenance in districts
KAMPALA-Members of Parliament are not happy with the delay by government to release money to the Road Fund for the maintenance of roads in various districts of Uganda. MPs were concerned that…
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Finance & Banking
Absa Africa Financial Markets Index Launch 2022 set for October
LONDON- The launch of Absa Africa Financial Markets Index 2022 is slated for October 13, 2022, according to the Official Monetary Financial Institution Forum [OMFIF], the producers of the index. Since its…
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Cooperatives & Communities
Indian UCBs to be brought at par with commercial counterparts
NEW DELHI– Speaking on the occasion of onboarding of co-operatives on the GeM portal recently in Delhi, Indian Union Minister Amit Shah said that co-ops can no longer be treated in a step…
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Cooperatives & Communities
MPs launch investigations into rice business at Mutukula border post
MUTUKULA– Legislators under the Parliamentary Committee on Trade, Industry, and Tourism have launched investigations into the alleged corruption and unfair competition in the rice trade at Mutukula border post. This comes after…
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Energy & Mining
Bujagali Hydropower audit: Furious MPs kick minister out of parliament
KAMPALA – The State Minister for Energy Sidronius Opolot alongside other officials were yesterday sent away from parliament by the legislators on the Parliamentary Adhoc Committee investigating the financials of Bujagali Energy…
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News
Fort Portal City seeks Shs 60bln for urbanisation and climate change mitigation
FORT PORTAL – Fort Portal city authorities are targeting Shs 60 billion as part of a bigger loan which the Ugandan government is set to secure from the French Development Agency [FDA]…
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Development
UDB’s Shs 2.45trn helped anchor Uganda’s growth in 2021-report
KAMPALA– Uganda Development Bank [ UDB ], the country’s national development finance institution days ago released its 2021 Direct Impact [DI] Report highlighting the fundamental role that the Bank continues to play toward…
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