Government to slap taxes on online services without a plan for device uptake Kampala, Uganda | JULIUS BUSINGE | Finance Minister, Matia Kasaija’s decision to impose a value-added tax on digital services without creating an enabling environment for the population to access internet-enabled devices such as smartphones reveals a disconnect between …

But directors have recommended a dividend of Shs2.5 per share payable in September this year which is higher than Shs2 per share paid last year. Kampala, Uganda | JULIUS BUSINGE | Pharmaceutical manufacturing company Cipla Quality Chemical Industries Limited has reported a 21% decline in profit after tax from Shs24bn in …

Kampala, Uganda | JULIUS BUSGINGE  | The National Social Security Fund has earned a total of Shs31.5billion as dividends for the year ended December 31, 2022, from its investment in MTN Uganda. NSSF Uganda, East Africa’s largest national savings fund by value, invested Shs360 billion in December 2021 to acquire …

Banks are ready to finance the sector but with stringent conditions    Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …

The body has increased its efforts in regulating competition and consumer protection within the common market Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa (COMESA) Competition Commission on May 4 turned 10 years of operation with various activities held in Lilongwe, Malawi. CCC was established …

The group wants a clear government plan for putting money in people’s pockets Kampala, Uganda | JULIUS BUSINGE | Civil Society Organizations under their umbrella, the Civil Society Budget Advocacy Group (CSBAG) are concerned about the insufficient budget allocation to address domestic arrears arguing that the move could stifle private …

Over 1400 new employers registered since the start of the drive in March Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund has announced an extension of the mandatory registration for employers to June 30, 2023, following requests from small and medium enterprises. The non-compliant employers will thereafter be …

Kampala, Uganda | JULIUS BUSINGE | The former Minister of Trade Industry and Cooperatives Amelia Kyambadde has urged women in business to be innovative to be able to succeed in business. She was speaking during the World Intellectual Property Day celebrated on April 26, organized by Uganda Registration Services Bureau (URSB) …

Players warn that the move could discourage the growing savings culture Kampala, Uganda | JULIUS BUSINGE | Over the past few years, Uganda started experiencing a surge in the local population, especially youth interested in saving, growing their capital for future investments through the Unit Trust Funds. This is because Unit …

International visitor arrivals increase by 59% during the year Kampala, Uganda | JULIUS BUSINGE | Uganda recorded a 59% increase in international visitor arrivals to 814,508 in 2022 signalling a recovering tourism sector from the effects of the coronavirus pandemic. The report released by the Ministry of Tourism Wildlife and Antiquities …