Category: Business

UEDCL Purge: Vindictive House-Cleaning or Necessary Reform? Taxpayers Face Costly Legal Reckoning

UEDCL Purge: Vindictive House-Cleaning or Necessary Reform? Taxpayers Face Costly Legal Reckoning

KAMPALA — In a move that has sent shockwaves through Uganda’s power sector, the interim leadership at the Uganda Electricity Distribution Company Limited (UEDCL) has terminated the contracts of seven senior managers, barely weeks after assuming office.The decision, executed on Monday,

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Gulu’s Shs6b greening project at risk as developers scramble for Kaunda Grounds land

Gulu’s Shs6b greening project at risk as developers scramble for Kaunda Grounds land

The heightened demand for portions of Kaunda Grounds and neighbouring Green Valley by several developers could cost Gulu City its Shs6 billion greening project, the Monitor has learnt.Mr Alfred Okello, the Gulu City Landscape Officer, expressed fears that the city administration could lose

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National Gaming Board destroys over 8,000 illegal gaming machines in countrywide operation

National Gaming Board destroys over 8,000 illegal gaming machines in countrywide operation

The National Lotteries and Gaming Regulatory Board (NLGRB) has destroyed 8,714 illegal gaming machines confiscated from various parts of the country as part of its ongoing efforts to eliminate unlawful gambling operations and protect the public from unregulated gaming activities.The destro

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URA Waives Penalties on Undeclared Goods Cleared by June 30, 2026

URA Waives Penalties on Undeclared Goods Cleared by June 30, 2026

The Uganda Revenue Authority (URA) has announced a temporary waiver of penalties and fines for undeclared and falsely declared goods, provided they are cleared by Customs by the end of June 30, 2026.The scheme is intended to encourage taxpayers to regularize their tax affairs and facilitat

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Court orders Ernst & Young to pay URA Shs 3.48 billion in VAT

Court orders Ernst & Young to pay URA Shs 3.48 billion in VAT

Ernst & Young Uganda, one of the leading audit firms, has been ordered to pay the Uganda Revenue Authority (URA) Shs 3.48 billion as VAT from services it received from foreign companies within its global network.The dispute began after URA audited Ernst & Young Uganda for the perio

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The shilling keeps depreciating against the dollar. Here's what Ugandans are doing about it

The shilling keeps depreciating against the dollar. Here's what Ugandans are doing about it

If you have been following the exchange rate lately, you already know the story. The Uganda shilling has been under sustained pressure against the US dollar, and for ordinary Ugandans who are either receiving money from a relative abroad, running a small business, or simply trying to save, that d

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Pearl Bank Backs UGX 14.8 Billion Drive for Uganda’s First Bone Marrow Transplant Centre

Pearl Bank Backs UGX 14.8 Billion Drive for Uganda’s First Bone Marrow Transplant Centre

Jane Atuhairwe (C), Branch Business Manager at Pearl Bank, Jinja Branch, Dr. Cissy Kityo (2nd L), Executive Director, JCRC, together with teams from Pearl Bank and Joint Clinic Research Centre in Jinja today, in commemoration of World Sickle Cell Day, which also doubled as the regional Bone Marro

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Digital number plate delays leave vehicles stranded across Uganda

Digital number plate delays leave vehicles stranded across Uganda

Delays in Uganda's digital number plate system are leaving thousands of vehicles idle, costing businesses millions and disrupting transport operations across the country.Many vehicles remain grounded due to delays in issuing ITMS digital number plates.Shortages of tracking component

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HUGE SCANDAL! Newplan Boss Omulen Cited In Fake Money Racket As 11 Are Caged Over Sh11bn ‘Industrial Park’ Land Scam

HUGE SCANDAL! Newplan Boss Omulen Cited In Fake Money Racket As 11 Are Caged Over Sh11bn ‘Industrial Park’ Land Scam

sensational fraud case involving billions of shillings, allegations of counterfeit currency and a prominent Ugandan businessman has exploded in court after consultancy firm Newplan boss Omulen Levy Lawrence was cited in a purported fake money racket during proceedings that saw eleven suspects rem

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Busoga Master Plan Seeks to Replace Sugarcane Dependence with Cocoa, Coffee and Palm Oil

Busoga Master Plan Seeks to Replace Sugarcane Dependence with Cocoa, Coffee and Palm Oil

Government is in the final stages of developing a transformative strategic development plan for the Busoga sub-region, with a focus on science, productivity, and long-term socio-economic recovery.The proposed Busoga Master Plan, which is currently undergoing extensive consultations, is bei

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