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PSFU opens office in Mbarara city to serve western region

Mbarara, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda has opened its regional offices in Mbarara City. The offices will serve districts in Ankole, Kigezi, Rwenzori, Bunyoro, and Tooro. Daniel Kazibwe, a board member representing the Board Chairperson of PSFU, said that the office will enhance the region’s competitiveness among …

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Ugandan startups win big deals with Asian tech companies

Marrakech, Morocco | THE INDEPENDENT | Young Ugandan entrepreneurs have won major deals with Asian technology companies, at the Global IT Exhibition (Gitex) Africa 2024 in Morocco. The three are part of a 15-strong delegation of Ugandan startups from the Youth Startup Academy Uganda (YSAU), and Hive Colab which has played …

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Forging African unity paves path for progress

ADDIS ABABA, ETHIOPIA | Xinhua | Africa Day, observed on May 25, is a day symbolizing the African struggle for independence and unity. It commemorates the establishment of the Organization of African Unity (OAU) in 1963, now the African Union (AU), which heralded a new era of collective strength and …

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The real key for African tax policy

African countries would be far better advised to focus on ways to fix the attractiveness of their own domestic economies, including tax systems, than to wait for the world to develop a new taxation system. ANALYSIS | MUKHISA KITUYI & DANIEL A. WITT | A piece in the Financial Times published …

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URA, UMA educate manufacturers on EFRIS operations

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) and Uganda Manufacturers Association (UMA) have started sensitizing manufacturers about the Electronic Fiscal Receipting and Invoicing Solution system (EFRIS). The drive comes at a time when the digital tax administration measure that interfaces the taxpayers’ daily transactional operations with …

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Innovations poised to reduce high default rates among SACCOs

This system allows stakeholders real-time access to critical information, enabling them to make informed decisions about transactions and creditworthiness Kampala, Uganda | JULIUS BUSINGE | Uganda’s Savings and Credit Cooperative Societies (SACCOs) are grappling with a rising default rate, currently at 10%, which surpasses the industry cap of 5%. However, this …

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