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Business
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Banks Urged to Lower Interest Rates for Manufacturing Sector Growth
State Minister for Trade, Industry, and Cooperatives David Bahati has appealed to commercial banks to reduce interest rates and facilitate affordable financing for Uganda’s manufacturing sector. Despite government support of over Shs1.3…
Multichoice Uganda Urges Customers to Upgrade Decoders
Ugandan customers with these decoders have been advised to upgrade to newer versions as they will no longer be able to use the older ones.
The decoder versions going offline are DSD 1110, DSD 1131, and DSD 1132, all manufactured between…
State House Launches Four-Acre Model Farm For Small-Scale Farmers in Lango
The State House has endorsed the establishment of a four-acre model aimed at training farmers in the Lango sub-region on maximizing the use of small plots of land to generate significant income.
Jane Barekye, the State House comptroller,…
President Museveni Engages Traders on Tax Policies and Local Industry Development
President Yoweri Kaguta Museveni addressed traders' concerns regarding taxation during a meeting with them at Kololo Ceremonial Grounds on May 7, 2024. He disagreed with the notion that there are too many taxes in Uganda, emphasizing that…
Parliament Grapples with Fuel Tax Hikes and VAT Changes Amid Controversy
Parliament adjourned today without reaching a conclusion on the excise duty tax related to fuel increments.
Lawmakers debated the value added tax, particularly concerning donations subject to taxation. They argued that exempting…
Coffee Farmers Celebrate Surge in Prices, Gear Up for Expansion
Coffee farmers across the country are ecstatic due to a significant surge in coffee prices.
The current farm gate price for a kilogram of Robusta coffee (FAQ or Kase) stands at Shs125,000, a substantial increase from Shs6,500 last year.…
Residents of Bata Sub-County Dokolo District Advised on Enterprise Selection for PDM
The residents of Bata sub-county in Dokolo District have been advised to prioritise right enterprise selection if they are to fully benefit from the Parish Development Model (PDM) program.
This was revealed by the Special Presidential…
Feasibility Studies Commence for Transnational Expressway Linking Uganda, Kenya
In a bid to enhance regional connectivity and trade facilitation, the feasibility studies for a transnational expressway linking Uganda and Kenya are set to begin.
The project, spanning 256 kilometers, will traverse from Kakira in Jinja…
Tax Justice Alliance Disagrees with Proposed Tax Amendments
The Tax Justice Alliance Uganda has voiced its disagreement with several proposals outlined in the five tax amendment bills recently tabled before parliament as part of the 2024/2025 budget process.
These bills aim to increase tax…
BoU moves to enforce national ID use in mobile money withdrawals
While many welcome the move as a step towards curbing cybercrime, experts warn of potential challenges with identity verification.