Thursday , November 14 2024

Business

Business news

Lukwago wants property rate tax reduced

Kampala, Uganda | THE INDEPENDENT | Kampala City Lord Mayor Erias Lukwago wants property rate tax reduced to cater for low income earners. According to the Local Government Act, local governments can charge a percentage not exceeding 12 percent of the taxable value of the property and a minimum of …

Read More »

Government rallies banks to help increase tax revenues

Kampala, Uganda | THE INDEPENDENT | The government is rallying commercial banks and other financial institutions to help it increase tax revenues by ensuring more people are taxed. As the presentation of the 2022/23 national budget draws closer, the Uganda Revenue Authority figures show an uphill task if the agency is to …

Read More »

Road Fund to become operational 14 years late

Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has assured parliament that the Road Fund was going to be operationalized following a legal opinion provided by the Attorney General. Kasaija’s statement follows a motion tabled by Tororo Woman MP, Sarah Opendi questioning why government was not …

Read More »

NDA to clampdown on misleading drug adverts in Ugandan media

  Kampala, Uganda | THE INDEPENDENT | Amidst the struggles to ensure that producers of herbal medicines comply with the set guidelines for the promotion of medicines, the National Drug Authority (NDA) is partnering with the Uganda Communications Commission (UCC) to block any irregular advertisements on TV or radio. Abiaz …

Read More »

Equity, IFC in $165 million partnership to support SMEs

IFC to support Equity’s lending to5 million SMEs under the ‘Africa Recovery and Resilience Plan’ Nairobi, Kenya | THE INDEPENDENT | Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses …

Read More »

C-labs officially launched in Uganda

Kampala, Uganda | THE INDEPENDENT | C-labs, an Ultra-Modern Laboratory facility has officially been launched at International Hospital Kampala (IHK). The internationally recognized diagnostic laboratory will be the leading medical laboratory in the region providing quality testing and diagnostics. C-Labs offers to include; Tumour Makers, Hormonal Tests, Vitamins, Cardiac Makers, …

Read More »

MPs want presidential initiative on science disbanded

Kampala, Uganda | THE INDEPENDENT | The committee that was established to investigate the utilization of funds meant to facilitate the COVID-19 vaccine development by the Minister of Science, Technology, and Innovation, Dr. Monica Musenero has pinned the Minister saying that the process was marred with irregularities. Xavier Kyooma, the …

Read More »