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We need a policy on fake investors

By Patrick Kagenda You have been accused of running down the chamber. What is happening? That is not true. If anything I have done a lot to make the chamber an established institution. I found the chamber being run without functional structures, affiliated to the National Enterprises Corporation (NEC) and …

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Broadband for Uganda: The inside story

By Joe Powell July 23, 2009, 159 years after the world’s first submarine cable was laid, will go down in history as the day East Africa became fully connected to the world’s digital super-highways. Seacom’s cable, 17,000km long and costing $650 million, is now officially ‘live’ with a capacity of …

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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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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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