Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund Amendment Bill, 2019 is discriminatory to employees in the informal sector, according to the Private Sector Foundation Uganda-PSFU. PSFU notes with the concern that the bill only provided for mandatory contributions for employees and employers in the formal sector. …
Read More »Qatar companies seek partnerships with Ugandan firms
Kampala, Uganda | THE INDEPENDENT | At least fifteen companies from Qatar are in Uganda to search for partnership opportunities with Ugandan counterparts. The companies are in six sectors, including manufacturing and agro-processing, which will be led to Uganda by the Qatar Development Bank in Uganda between September 10-11, 2019. …
Read More »Support National Graduate Scheme Bill
It offers a solution to the more than 500,000 unemployable graduates that enter the job market every year COMMENT | PATRICK AJUNA | Parliament is getting ready for debate of the National Graduate Scheme Bill, 2018 for debate in the following a series of consultations and discussions by its Committee …
Read More »Inside URA’s proposed customs taxes
Local consumers and businesses – not the exporting countries – will pay the price Kampala, Uganda | ISAAC KHISA | The good news coming from the Nakawa-based Uganda Revenue Authority (URA) is that local firms, will effective July this year, be protected from external competition as government increases taxes on …
Read More »PSFU blames Gov’t for not Implementing their proposals
Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda (PSFU) has accused government of failing to implement proposals they present during budgeting process. Speaking at the Ministry of Trade, Industry and Cooperative annual sector review, Moses Ogwal, the director policy advocacy at Private Sector Foundation said government usually accepts …
Read More »Mixed reactions to Museveni’s New Year speech on economy
What experts think is important in regard to president’s message Kampala, Uganda | JULIUS BUSINGE | Gideon Badagawa, the executive director at the Private Sector Foundation Uganda (PSFU), says President Yoweri Museveni’s New Year speech with regard to value addition was well-intentioned. “The concentration of the speech on value addition …
Read More »THIS WEEK: Businessman Kassim Omar passes on
Kampala, Uganda | THIS WEEK | New East Africa Business Council (EABC) boss Kassim Omar on Sept.05 passed on following a blood clot operation at Nakasero hospital. Omar was elected as chairman of the regional private sector body in June taking over from Mr Audace Ndayizeye, of the Federal Chamber of Commerce and Industry …
Read More »How central banks in EAC can boost private sector credit
The economic rescue initiatives can only succeed without political interference Kampala, Uganda | ISAAC KHISA | How can central banks in the East African Community boost private sector credit that has since last year slowed down? That was one of the issues that the Central Bank Governors in the region …
Read More »Akol’s new tax strategy
Analysts say the new initiative has to be all-inclusive to succeed Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority(URA) is designing a Medium Term Revenue Mobilisation Strategy (MTRS) seeking to meet the ever growing annual revenue collection targets. The MTRS’ core objective is to ensure that revenue collection matches …
Read More »URA’s missed collection targets
Tax experts say government needs to refocus its priorities Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has good and bad news these days. The tax body is collecting more and more money but, at the same time, is failing to meet ever rising annual targets. The pattern of missed …
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