Category: Business

Uganda Gold Scam Turns Deadly as British-Zimbabwean Buyer Is Killed

Uganda Gold Scam Turns Deadly as British-Zimbabwean Buyer Is Killed

Gold scams in Uganda are becoming increasingly violent, with criminals now using firearms, abductions and killings instead of relying only on fake documents to defraud buyers.The latest case involves Jama Munyaradzi, a British-Zimbabwean national who was allegedly robbed of $600 and killed

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How Vivo Energy’s purchase of KFC Uganda triggered a Shs 4.2 billion tax dispute with URA

How Vivo Energy’s purchase of KFC Uganda triggered a Shs 4.2 billion tax dispute with URA

Vivo Energy's acquisition of a 50% stake in KFC Uganda triggered a tax dispute with URAThe Tax Appeals Tribunal (TAT) has cancelled a Shs 4.24 billion tax assessment imposed on Kuku Foods Uganda, the company behind the KFC franchise in Uganda, following changes in the fast-food firm’s ow

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Banks Approved Loans Worth UGX2.03Tn In April Out Of The Requested UGX4.074Tn-Report

Banks Approved Loans Worth UGX2.03Tn In April Out Of The Requested UGX4.074Tn-Report

The Ministry of Finance, Planning and Economic Development has revealed that in April 2026, the Supervised Financial Institutions approved loans worth UGX2.053Trn out of the requested UGX4.074Trn, translating into an approval rate of 50.4 percent.The details are contained in the Performanc

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STANBIC BANK’S TAX NIGHTMARE: URA Walks Away with UGX 11 Trillion Business Over Unpaid Taxes

STANBIC BANK’S TAX NIGHTMARE: URA Walks Away with UGX 11 Trillion Business Over Unpaid Taxes

Stanbic Bank Uganda is suffering a devastating reputational loss after the Uganda Revenue Authority (URA), recently moved to withdraw all its accounts from the bank, effectively stripping it of a lucrative tax collections business worth more than UGX 11 trillion a year.The decision means t

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UWA Arrests Three Over Suspected Poisoning of Seven Hyenas in Mburo Park

UWA Arrests Three Over Suspected Poisoning of Seven Hyenas in Mburo Park

The Uganda Wildlife Authority has arrested three suspects in Kiruhura District over the alleged poisoning of seven hyenas in Lake Mburo National Park, with investigations ongoing into a case that has raised alarm among conservationists over rising wildlife crime and its impact on protected ecosys

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Customs Enforcement at Entebbe Airport Foils Smuggling of 448 Mobile Phones Worth $76,704

Customs Enforcement at Entebbe Airport Foils Smuggling of 448 Mobile Phones Worth $76,704

URA enforcement team at Entebbe International Airport have intercepted 448 mobile phones worth over US$76,704 in a string of operations targeting illicit trade.According to the Assistant Commissioner for Public and Corporate Affairs Robert Kalumba, the seizures underscore a growing trend o

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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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