Tag Archives: Informal sector

80% of economy is informal, only 20% of businesses pay taxes Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by …

  COMMENT: By Andrew Rugasira Economists used to consider the informal sector a “shadow economy”, a relic from the underdeveloped past that would be replaced by formal activities and better paid jobs. Not anymore. The informal sector has in many ways superseded the formal sector and is now the face …

URA urges Informal Sector to formalize their businesses and benefit from a wider Uganda market. READ FULL STORY (Click here) Share on: WhatsApp

Andrew Rugasira has warned that the difficulty in registering businesses in Uganda causes preference by many for informality in the economy. He said the entrepreneurial spirit is present among many Ugandans, but is undermined by many unnecessary obstacles, including that it takes up to 27 days to register a business. …