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The independent

Shell to buy Heritage?

By Agencies Sale of Heritage Uganda assets to Shell more likely The oil exploration sector is rife with takeovers and speculation at the moment, and traders are currently hearing of another possible bid, Royal Dutch Shell for Heritage Oil. Initially, the value of Heritage shares rose over the news but …

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Battle for Kyabazinga still rages on

By Isaac Mufumba On Sunday June 7, Prince Edward Columbus Wambuzi, backed up by three of Busoga Kingdom’s 11 hereditary chiefs, a host of musclemen called Kanyamas and some followers from his native Bulamogi County, installed himself as Isebantu Kyabazinga of Busoga when he took the crown from the head …

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Corruption returns to URA

  By Mubatsi Asinja Habati Tax body ranked most corrupt in East Africa In 2003 President Museveni described the Uganda Revenue Authority (URA) as “a den of thieves” because the levels of corruption were alarmingly high. Soon after, the tax body restructured and appeared to have put corruption and incompetence …

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High taxes encouraging tax evasion?

By Mubatsi Asinja Habati Nasser Husain imports used Japanese cars from Japan for his small depot in Bugolobi opposite the defunct Tri Star fabrics factory. Husain says used cars would be affordable if it were not for the high taxes. He says a car that would cost Shs 8 million …

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