Business

Hon. David Bahati, The Minister of state for finance has assured Ugandans that taxes on bank withdrawals are not yet imposed. This is because for the taxes to be imposed, Parliamentary approval is needed. This response came as a result of a complaint raised by the Kassanda North MP, Hon. Patrick Oshabe. Oshabe said there was a plan to impose ...

The government through the ministry of finance is working out a plan to start taxing cash withdrawals from commercial banks, Newslexpoint.com has learned. A letter dated February 9, 2021, by Patrick Ocailap, the deputy secretary to the treasury in the Ministry of Finance has written to the Governor, Bank of Uganda seeking an opinion and data not later than Friday, ...

Boda Boda hailing app, Safe Boda has assured customers that it will review its new terms and conditions. This comes after the Boda Boda ride service provider received a backlash from users over the new terms of service. In their new terms, the company stated that they will not be held liable for any damages and that they will have ...

Housing Finance Bank has signed a Memorandum of Understanding with the Buganda Kingdom. The Kingdom is the proprietor of Mirembe Villas that provides affordable housing to Ugandans. The MoU will see the development of 400 housing units comprising of 1 to 3 bedrooms on 50 acres. A vocational school on 10 acres and an industrial park on 50 acres. They ...

You can’t be in two different places at the same time, so as to expand, you will need to hire people and delegate them to do various duties for the company to progress. This is a very crucial part where most growing companies may experience. Employees needs consistent monitoring and supervision to avoid negligence and misconduct. You will need to ...