Category: Business

Court Rules in Favor of URA Against ATC Uganda

Court Rules in Favor of URA Against ATC Uganda

URA's Commissioner for Legal Services and Board Affairs, Mrs. Catherine Donovan KyokundaThe Court of Appeal has upheld URA’s withholding tax assessment of UGX 24,232,558,369 against ATC Uganda Limited in Court of Appeal, Civil Appeal No. 220 of 2022.ATC Uganda Limited obtained a s

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Uganda’s impeding debt crisis

Uganda’s impeding debt crisis

In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit

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Henry Musasizi Commends Progress at Ntungamo Coffee Park

Henry Musasizi Commends Progress at Ntungamo Coffee Park

The Minister of State for Finance, Planning and Economic Development, Henry Musasizi, has appreciated the progress of the Inspire Africa Coffee Park in Ntungamo during a visit he made alongside Amos Kankunda, the Chairman of the Finance, Planning and Economic Development Committee of Parliament,

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All Cash Withdrawals Now to be Taxed:

All Cash Withdrawals Now to be Taxed:

Even as Uganda pushes toward digital transformation, its deep-rooted reliance on cash presents a complex policy challenge, balancing revenue generation, fairness, and financial inclusion. The proposed tax may reshape behavior, but its success will depend on whether citizens trust, access, and ult

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Businesswoman Erina Barugahara Wanzala charged in alleged UGX 983 million fraud

Businesswoman Erina Barugahara Wanzala charged in alleged UGX 983 million fraud

Erina Barugahara Wanzala, a director of Basaam General Merchandise and Supplies Ltd., appeared before the court following a joint investigation by the State House Anti-Corruption Unit, the Criminal Investigations Directorate and the Office of the Director of Public Prosecutions.KAMPALA —

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Uganda Secures UGX 422B for 10 New Aircrafts to Expand Uganda Airlines Fleet

Uganda Secures UGX 422B for 10 New Aircrafts to Expand Uganda Airlines Fleet

The Ugandan government has secured UGX 422 billion to acquire 10 new aircraft for the national carrier, Uganda Airlines, as part of efforts to strengthen its operational capacity and expand its international route network.The funding, approved under a supplementary budget, will primarily b

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Man vanishes with Shs 3 billion from Kampala traders Sacco

Man vanishes with Shs 3 billion from Kampala traders Sacco

The SACCO administrators led by one Hassan Muhoozi are said to have withhold savings from traders before going into hidingPolice have launched a manhunt for leaders of Kamu Kamu Traders SACCO following allegations that they mismanaged and disappeared with more than Shs 3.1 billion belongin

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Wisdom High School Director Ambrose Ogwal Awards 41 Million Shillings to Top UACE Students and Teachers

Wisdom High School Director Ambrose Ogwal Awards 41 Million Shillings to Top UACE Students and Teachers

Kole, Uganda — In a remarkable display of commitment to academic excellence, Mr.Ambrose Ogwal, the Executive Director of Wisdom High School, in Koke District on Tuesday 24th March, 2026 announced a reward of 41 million shillings aimed at celebrating the school’s outstanding academic performan

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MTN Gets Relief in Shs169.9 Bn Tax Case

MTN Gets Relief in Shs169.9 Bn Tax Case

MTN Uganda has secured a major reprieve in its tax dispute with the Uganda Revenue Authority (URA), after the Tax Appeals Tribunal ruled that the company may not be required to immediately pay part of a contested Shs169.9 billion tax bill linked to mobile money transactions.The dispute ste

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Crown Beverages sacked Musinguzi for ‘feigning’ sickness due to exposure to ozone gas

Crown Beverages sacked Musinguzi for ‘feigning’ sickness due to exposure to ozone gas

Oscar Musinguzi worked at Crown Beverages’ Kakungulu plant off the Entebbe Express Way, as an operations supervisor for Nivana mineral water.He claims that the work was risky since it involved getting in close contact with ozone gas, a powerful, chemical-free oxidant used for water purif

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