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Business
We bring you the latest business news from Uganda, East Africa & around the world. Get insights on market trends, company updates, financial developments, and economic analysis
UDB Introduces SME Kazi Loan to Empower Local Enterprenuers.
Uganda Development Bank (UDB), which is headed by Patricia Ojangole as Managing Director, has introduced the UDB SME Kazi Loan, a tailored financial solution designed to empower small and medium enterprises…
Business
Kampala Traders Call for Enhanced Sensitization on EFRIS
Traders in Kampala have urged the Uganda Revenue Authority (URA) to conduct more awareness campaigns on the Electronic Fiscal Receipting…
Traders Close Shops in protest of EFRIS
Traders in Kampala's central business district and other areas across the city have opted to keep their shops closed until…
Traders’ Strike: Is the Problem EFRIS or Tax Evasion?
EFRIS- Electronic fiscal receipting and invoicing solution entails using electronic fiscal devices (EFDs); e-invoicing, e-receipting and direct communication with business transaction…
KACITA Call Off Strike Amidst Promised Presidential Meeting
Chairman of the Kampala City Traders Association (KACITA), Tadius Musoke Naggenda, has called off the planned city traders strike, following…
President Museveni Champions Industrialization in Northern Uganda
President Museveni emphasized the crucial role of urbanization, particularly through industrialization, during his visit to the Horyal Investment Holding Company…
Minister Anite Dismisses Favoritism Claims on Foreign Investors
The State Minister of Finance for Investment and Privatization, Evelyn Anite, has refuted talks of the ministry favoring foreign investors…
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…
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.…
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.…