Sunday , February 23 2025

In The Magazine

magazine stories

Telecom firms quarterly revenues cross Shs1tn mark

But there was an increase in expenses on input and wholesale services, salaries and taxes Kampala, Uganda | ISAAC KHISA | Uganda’s telecom sector has posted the highest total quarterly revenues on record, crossing the Shs1 trillion mark amidst the ravaging coronavirus pandemic, according to the latest Uganda Communications Commission …

Read More »

Tullow under debt pressure

Oil and gas explorer says ‘potential liquidity shortfall’ threatens ability to pass lenders’ test | THE INDEPENDENT | Tullow Oil plc has warned it risks defaulting on a debt facility if it does not resolve a potential liquidity shortfall, as it slumped to a $1.4 billion pre-tax loss for the …

Read More »

Bank of Baroda’s move for 2020

The lender will now focus on technology usage, human resource capabilities and credit earnings from agriculture, manufacturing sectors to drive growth Kampala, Uganda | JULIUS BUSINGE | Bank of Baroda Uganda Limited, a subsidiary of Bank of Baroda, India is focusing on investing in technology to offer efficient and timely …

Read More »

Why we need more journalists – not fewer

It is a great concern that like all other sectors of the economy, the coronavirus crisis has hit our media houses hard. COMMENT | CYRIL RAMAPHOSA | Dear Fellow South African, in many countries around the world, the coronavirus pandemic has required the limitation of many civil liberties and put …

Read More »

Businesses canceling planned investments

Majority of the respondents do not anticipate demand for their products to increase until after 2021 Kampala, Uganda | JULIUS BUSINGE | Several businesses are cancelling planned investments as a measure to survive the negative economic impact caused by COVID-19 pandemic, according to a new report published by the Institute …

Read More »

No tax relief for retrenched workers

URA’s legal win means benefits will be subjected to PAYE Kampala, Uganda | JULIUS BUSINGE | It is now official that workers who will be paid benefits as a result of retrenchment will be subjected to Pay as You Earn tax – which is 30% of the total earnings. This …

Read More »

What next after Uganda suspends refugee agencies?

Shutting down more than 200 refugee aid agencies is an indication to the world that the country cannot manage continuous inflows of refugees ANALYSIS | CRISTIANO D’ORSI | The Ugandan government recently suspended the operations of 208 refugee aid organisations. The organisations were suspended over non-compliance with Ugandan regulations. Only …

Read More »