tax
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News
Nebbi Municipality launches IRAS to enhance revenue collection
NEBBI – To improve local revenue collection in Nebbi Municipality, authorities have launched the Integrated Revenue Administration System [ IRAS ]. IRAS is an online and mobile application platform that enables local…
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Finance & Banking
Centenary Bank posts 11.4 percent growth as rivals dispute Auditor General on undercapitalisation claims
KAMPALA – Centenary Bank had its gross profit rise by 11.4 percent to Shs 321.2 billion in the year ended December 31, 2022, from Shs 288.5bln posted in 2021, the bank’s managing…
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Finance & Banking
UDB readies Shs 18.3bln for 19 projects in Bunyoro
HOIMA– At least 19 projects in Bunyoro Sub-region that need cheap loans will benefit from Shs 18.3 billion offered by Uganda Development Bank [UDB], with the projects expected to create 432 jobs…
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Development
Gov’t urged to pay contractors
KAMPALA-Government has been urged to prioritise funds meant for the payment of contractors hired by Uganda National Roads Authority [UNRA] if financial hemorrhage is to be avoided. As of 27 September 2022,…
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Cooperatives & Communities
Paicho Central Kal Cooperative Society farmers keen on record keeping
GULU– Farmers under Paicho Central Kal Cooperative Society in Gulu district have prioritised record keeping, saying it helps them to track their business transactions. The cooperative which largely grows maize, sorghum, soybeans,…
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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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