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Uganda Revenue Authority Names Top Companies Invading Taxes

Uganda Revenue Authority

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 ...

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Barclays Bank Uganda Posts 13% Growth In Profits In 2018

Barclays bank Uganda

Barclays Bank Uganda has announced a 13% increase in profits before tax from 86.8billion in 2018, the bank’s managing Director Rajesh Jha has revealed. “it was a good year for the bank where we saw solid growth on the balance sheet, coupled with growth in come .we managed our costs well and portfolio quality has improved giving rise to very ...

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IFC Extends $1.9million To Support Growth Of Agent Banking Services

IFC banking

International Finance Corporation (IFC) a member of the World Bank has extended $1.9million to Agent Banking Company of Uganda (ABC) to support growth of agent banking services in rural areas. Richard Yego ABC Chief Executive Officer says over two and half years, IFC funds will be used to roll out agent banking network infrastructure and accelerate financial expansion services to ...

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Jumia Lists On New York Stock Market

jumia packages

Jumia has become the first African technology company to ever list on the New York Stock Exchange. Jumia an online shopping company is riding on e-commerce to deliver fast goods to consumers at their convenience on real time. “With technology, everything becomes possible. We certainly believe that the best is yet to come for Africa. We thank our customers for ...

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Crown Beverages Unveils 4 Billion Consumer Campaign

crown beverages, pepsi

Crown Beverages Limited (CBL), the bottler of Pepsi, Mirinda,Mountain Dew, Sting, and Nivana Water has launched new consumer campaign dubbed Tukonectinge with Pepsi.  Worth shs 4billion.  Tukonectinge is a Luganda slang that means let’s connect. Through the campaign, Pepsi will reward its consumers with a total of; 24 fully-paid trips to Dubai in the United Arab Emirates, 24 Toyota Wish ...

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