Business

The Secretary of the Treasury, Ramathan Ggoobi has said next year’s financial budget will focus on the production sectors. This is because these have higher economic returns to facilitate the country’s economic recovery. He further said that after several discussions, they resolved to give topmost priority to the vaccination of Ugandans against Covid-19. This will eventually speed up the process ...

A large number of tourists have canceled their trips to Uganda due to the delays at Entebbe International Airport. This move has caused losses for the tour operators who had already invested money to host tourists. Arriving air passengers have to take new Covid-19 tests before leaving the airport. The operators said this continues to frustrate the trust in certificates ...

Derrick Nkajja, the CEO of the Institute of Certified Public Accountants of Uganda (ICPAU) called upon professional accountants to help SMEs. He said professionals should provide business management ideas to SMEs facing financial crises due to COVID-19. He made these remarks while speaking at the virtual release of the Certified Public Accountants examination results. Furthermore, he said the development will ...

The Uganda Alcohol Industry Association recently released a report indicating that illicit alcohol production is one of the country’s biggest tax leakages. The report showed that the production of illicit alcohol is one of those big tax leakages. Apparently, it costs the government huge sums of money in taxes. ‘’Tax leakage is driven by wide-scale under-declaration of production of spirits. ...

Mobile telecommunications company MTN recently shared its plan to list in Uganda’s stock exchange. It said it will allow Ugandans and Africans to be partners in the company’s activities, an idea the president of Uganda hailed. On Wednesday, a meeting between Mr. Museveni and MTN officials happened at State House. The president thanked the MTN leadership led by the board ...