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Illicit trade threatens BAT’s future prospects

Tracing illicit products to source is required to safeguard the legitimate tobacco industry, company executives say Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda (BAT Uganda) shareholders on July.23 approved Shs15.7billion or Shs320 per share as the final dividend for the year ended December 31, 2019. The dividend …

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Sand, clay miners oppose proposed licensing fees

Masaka, Uganda |  THE INDEPENDENT |  Artisanal miners involved in the extraction of construction materials in Masaka district are opposed to the proposed regulatory framework that seeks to introduce direct taxes on sector players.    Government, through the Mining and Mineral Amendment bill 2019 intends to take over ownership of all high …

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Nile perch stocks in lake Victoria increase by 31 percent

Soroti, Uganda |  THE INDEPENDENT |  Nile Perch stocks in Lake Victoria have increased by 31 percent, according to Dr. Edward Rukunya, the Director Fisheries Resources in the Ministry of Agriculture, Animal Industry and Fisheries- MAAIF. This comes after close to three years since Uganda People’s Defense Force- UPDF commenced operations …

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NGOs inflows and exports help Uganda Shilling stay strong

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has appreciated by at least 5.2% against the dollar since March, thanks partly to money coming into non-governmental organizations and low demand for dollars by importers. According to the quoting this month by forex bureaus, the shilling has gained as much …

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Minister Katumba Wamala commissions new Buvuma ferry

Buvuma, Uganda |  THE INDEPENDENT |  Residents of Buvuma district could not hide their joy as the government commissioned a new ferry on Friday. The ferry is expected to make transport easier to residents and the business community who are mainly farmers and produce traders.  Gen. Katumba Wamala, the Minister for Works …

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Court declares tax appeal deposits unconstitutional

Kampala, Uganda | THE INDEPENDENT | Taxpayers disputing assessments by Uganda Revenue Authority will no longer be required to deposit 30 percent of the amount in dispute before launching a challenge at the Tax Appeals Tribunal (TAT). Section 15 of the Tax Appeals Tribunal Act requires a company or any taxpayer …

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