Category: Business

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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Stanbic Bank ordered to compensate worker it dismissed after suspicious cash withdrawal

Stanbic Bank ordered to compensate worker it dismissed after suspicious cash withdrawal

Elizabeth Nyasuna, who worked as Team Leader at Stanbic Bank’s Entebbe branch, has been awarded Shs 40 million by the court after the bank unlawfully dismissed her over a suspicious Shs 75 million cash withdrawal in 2012.Justice Anthony Wabwire Musana of the Industrial Court said Stanbic

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BoU Allays Fears of Cash Withdrawal Caps at Banks

BoU Allays Fears of Cash Withdrawal Caps at Banks

The recent announcement by the Bank of Uganda introducing new limitations to over-the-counter cash withdrawals and check payments have has raised questions over the motives behind it. ‎The banks have been given the next six months to transition to the new policy adjustment.‎The new mea

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