The East African Community member states must immediately commence developing National Economic Recovery plans with special focus on agriculture. The plan will seek to guide
Category: Business
Baroda to replace ATMs with cash recycler machines
Bank of Baroda has said it will replace most of its Automated Teller Machines (ATMs) with Cash Recycler Machines. The move seeks to cement the
Landlords want clear guidelines on rent waivers
Landlords and arcade owners under the Kampala City Traders Association (Kacita) have asked government to set guidelines on loan waivers for at least three months
Inflation likely to remain low, says Stanchart
Standard Chartered Bank has said Uganda is likely to maintain low inflation because of low international oil prices, which by yesterday closed at $26.13 for
Government drops tax measures
Government has dropped the proposed new taxes on the various items following pressure from Parliament and other affected players in the economy. According to sources
Government to raise taxes for 2020/21
The government targets a total revenue collection of Shs21.4 trillion to support the budget for 2020/21.Out of the targeted amount, Shs19.89t will come from direct
The government hit with fuel stockouts
Parliament learnt yesterday that the national fuel reserves in Jinja only have 8,000 litres of petroleum products.The revelation was made by Mr Keefa Kiwanuka (NRM,
Doris Akol hands over office to new URA Commissioner-General
President Museveni on Sunday afternoon replaced Akol as the Uganda Revenue Authority Commissioner General and appointed Musinguzi. On Thursday, Akol bowed out after 25 years
Stanbic Bank to defer dividends payment
Stanbic Bank has said it will hold payment of dividends for the year ended December 31, 2019 until further notice following a directive from the
African airlines lose $4.4 billion in revenue following the spread of coronavirus on the continent
Rwanda Air and Air Mauritius are among airlines that have suspended flights to China. Morocco has suspended all international flights to and from its territory “until further notice”