Business

Civil Society fraternity are demanding for urgent guidelines on tax waiver offered to private companies by government. They argued that current system and procedures implemented by government is too weak to prevent loss of tax payer’s money. “We demand for transparent and accountable guidelines to handle tax waivers. The current system being implemented by government organs is not clear,” Julius ...

Steel giant Roofings Limited has unveiled its new brand logo as the company celebrated its 25th anniversary. Last week Partners, distributors, suppliers, staff and well-wishers were treated to an evening of cocktails, food and entertainment during the Launch its logo at Roofings Rolling Mills in Namanve. “Today is a very special day for us. We are celebrating a 25-year-old journey ...

Budding entrepreneur, Benedicta Nanyonga who makes a living through selling straw bags is seeking funding to expand her business. The former staff of Bank of Uganda who makes various crafts from straws says her business is overwhelmed with orders from foreign countries. “We urgently need $20,000 to purchase straw machine to double our production so as to increase on our ...

The number of citizens using agent banking services has hit record of 6000  just one year after agent banking  services was introduced, Agent Banking Company of Uganda Chief Executive Officer Richard Yego has disclosed. “commercial banks have reported 40%in cash deposits,withdrawal,school fees payment  transaction volume growth of customers moving from traditional branches to agents. Agents have also facilitated recruitment of ...

Uganda Revenue Authority (URA) has named 817 companies that invading taxes since 2017 hence making the tax body fail from achieving tax collection targets. Cyprian Chillanyana, Assistant Commissioner Domestic Taxes and Business Policy in Uganda Revenue Authority named these companies while briefing the media in Nakawa. These companies include Munyonyo Commonwealth Resort Limited which declared a loss on 48.6 billion ...