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Proposed Tax Hike Threatens Uganda’s Alcohol Industry and Revenue
The Uganda Breweries Managing Director, Andrew Kilonzo, cautioned that the proposed tax increase in the Excise Duty (Amendment) Bill 2024 could render alcoholic beverages unaffordable for consumers. He emphasized that the anticipated rise…
URA Requests Additional UGX 169 Billion for Staff Wages
The Uganda Revenue Authority (URA), has asked Parliament for an additional UGX 169 billion to cover wages for new staff.
Minister of State for Finance, Henry Musasizi, revealed that URA faces a budget cut of UGX 55.73 billion due to this…
Uganda Breweries Launches Biomass Plant for Sustainability
In a significant step towards environmental sustainability, Uganda Breweries Limited (UBL) has unveiled its state-of-the-art UGX 37 billion biomass plant.
This marks a pivotal moment in the company’s commitment to reducing its carbon…
URA, Parliament to Consult Traders Amid Tax Protests
The Uganda Revenue Authority (URA) and two Parliamentary Committees are set to immediately consult with traders to resolve the current stalemate, as directed by the Speaker of Parliament, Annet Anita Among.
During plenary on Tuesday,…
Finance Defends Fuel Tax Increase
State Minister for Finance, Henry Musasizi, has defended the government's decision to implement increased levy on fuel.
Government proposes a sh100 additional levy on each liter of fuel, increasing the tax on fuel items such as petrol…
Lamwo Farmers Adapt Beekeeping to Transforms Livelihoods
Farmers' groups in Lamwo district are utilizing apiculture to enhance their household income.
Lamwo, one of the refugee-hosting districts, faces resource constraints due to the substantial refugee population it hosts.
To mitigate the…
Kampala Traders Protest Harsh Trade Policies
Kampala traders, organized under various trade groups, staged a peaceful demonstration on Monday, April 8, 2024, to voice their dissatisfaction with the alleged harsh trade policy enforced by the Uganda Revenue Authority (URA).
The trade…
KACITA Halts Planned Demonstrations
The Kampala City Traders Association (KACITA) has called off the planned traders’ demonstrations scheduled for Monday, April 8, 2024.
Thadeus Musoke Naggenda, the Chairperson of KACITA, announced that all traders in Kampala are free to…
SHIPU Consults on Investment Licensing Policy Reforms in Uganda
The State House Investors Protection Unit (SHIPU) convened a stakeholders' consultation meeting regarding the minimum capital requirements for investment licensing in Uganda.
During today's meeting at the State House Investors Protection…
Government Seeks Alternative Revenue Sources Amidst Global Credit Market Hurdles
The Minister of State for Finance, Henry Musasizi, has announced that the government aims to generate UGX1.9 trillion from newly proposed taxes on cement, fuel, land transactions, and mineral water. This revenue will contribute to funding a…