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URA Registers Shs210B PAYE Surplus Resulting From Employee Promotion And Recruitment

URA Registers Shs210b PAYE Surplus Resulting From Employee Promotion And Recruitment

Uganda Revenue Authority has registered a sh210.02 billion surplus on Pay as You Earn (PAYE) for the period July 2020 to April 2021. This happened as a result of the public sector recruiting and promoting employees. Apparently, the authority also registered an increase in PAYE collections by sh61.91 billion. This increase was attributed to the payment of bonuses and higher ...

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Why Most Young People Fail To Breakthrough In Business

Why Most Young People Fail To Breakthrough In Business

More often, young people men and women approach me for advice on business. In most cases I do not give straight advice but I simply ask questions. In giving answers one will be able to identify possible solutions to the problem. Last week I was talking to this one young man. He said he wants to start a business and ...

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Business And Marriage: Behind Every Successful Man There’s Prayerful Woman

Behind Every Successful Man There’s Prayerful Woman

It is said that behind every successful man there is a prayerful woman, this is a statement that should never be taken for granted by those who are married. It is difficult to succeed in your hustle if you don’t have blessing from your wife. There are obvious things that a married man should do to ensure that his wife ...

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Uganda Public Debt Stands At Shs73.5 Trillion

Uganda Public Debt Stands At Shs73.5 Trillion

At the close of December 2021, the public debt stock stood at Shs73.5 trillion. Shs45.72 trillion of that is the total amount of external debt while the domestic debt amounted to Shs27.8 trillion. Matia Kasaija, the Finance Minister said the rise in debt could mainly be associated to the need to support the economy and preserve the welfare of households ...

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Bank Of Uganda Increases Lending Rate To 7.5%

Bank Of Uganda Increases Lending Rate to 7.5%

As inflation notably grows, Bank of Uganda has decided to increase the lending rate to 7.5% for all those borrowing. The Deputy Governor, Michael Atingi-Ego explained that recent developments in the world have seen inflation rise rapidly and that this is spreading broadly across the basket of consumer goods and services. He said this through a statement on Thursday. “The ...

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