tax
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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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Cooperatives & Communities
Making 100 years: Indian Co-op Bank offers 15 percent extra dividend
GUJARAT– Gujarat-based Surat People’s Co-operative Bank crossed the business mix of Rs 9,000 cr in 2021-22 and gave 15 percent extra dividend to its shareholders on the completion of 100 years of…
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News
International Day of Cooperatives: Ugandan cooperators hold series of activities
SHEEMA– On July 2, 22, Uganda will join the rest of the world to mark celebrate the 100th International Day of Cooperatives [#CoopsDay]. The celebrations are held on the first Saturday of…
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