Category: Business

Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

withholding tax exemption allows qualifying businesses to receive income without deductions at source, improve cash flow management, and reduce administrative burden related to tax credits and reconciliations.The Uganda Revenue Authority (URA) has officially announced the opening of applic

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Court Charges Businessman for Stealing $2.4 Million Worth of Gold, Remanded To Luzira Prison

Court Charges Businessman for Stealing $2.4 Million Worth of Gold, Remanded To Luzira Prison

The court has charged Mohammad Ali, a 32-year-old businessman from Kampala, with stealing 30 kilograms of gold worth $2.4 million. The charge, which was filed in April 2026, follows an investigation into an incident that took place between September 22nd and October 2nd, 2025, in the Bukasa-Muyen

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Uganda Nears First Oil as Projects Reach Completion

Uganda Nears First Oil as Projects Reach Completion

Uganda is approaching what officials describe as a decisive phase in its petroleum journey, with major oil infrastructure projects reporting near-completion ahead of expected production in the second half of 2026.This was announced ahead of the 11th Annual Oil and Gas Convention (OGC 2026)

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Fuel Crisis Hits Tororo as Stations Run Dry

Fuel Crisis Hits Tororo as Stations Run Dry

A growing fuel crisis has gripped Tororo, with many petrol stations running dry, long queues forming at the few operational pumps, and prices rising sharply from Shs5,000 to Shs5,800 per litre.Across the district, several filling stations have gone completely dry, while others remain barel

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Uganda’s petrol will last 19 days, government says

Uganda’s petrol will last 19 days, government says

Uganda has 70.5 million litres of petrol, enough to last 19 days, according to a government update released on April 21, 2026.In a press statement, the Ministry of Energy and Mineral Development and the Uganda National Oil Company (UNOC) said the country also has 43.2 million litres of die

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Parliament passes VAT Amendment Bill as committee pushes tax relief for SMEs and investors

Parliament passes VAT Amendment Bill as committee pushes tax relief for SMEs and investors

Parliament has passed the Value Added Tax Amendment Bill, 2026, adopting a series of reforms aimed at easing compliance for small businesses, improving tax administration, and attracting investment, following a report presented by Mbale Industrial Division MP Karim Masaba.The House approve

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Nansana Sacco Leaders Arrested Over Shs200m Mechanics Fund Scandal

Nansana Sacco Leaders Arrested Over Shs200m Mechanics Fund Scandal

Eleven members of a Nansana mechanics SACCO have been arrested over allegations of mismanaging more than Shs 200 million intended to support mechanics’ livelihoods, as police widen investigations into suspected embezzlement and abuse of office.Police in Nansana Municipality have arrested

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Ibanda Traders Protest One-Month Relocation Notice Under USMID Programme

Ibanda Traders Protest One-Month Relocation Notice Under USMID Programme

Traders in Ibanda Municipality have protested a one-month relocation notice issued under the USMID programme, citing inadequate consultation and uncertainty over alternative trading spaces, while authorities insist preparations and support measures are in place.Traders in Ibanda Municipali

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Landlocked Uganda Beats Europe, East Africa on Fuel Prices

Landlocked Uganda Beats Europe, East Africa on Fuel Prices

Uganda has secured incoming fuel shipments totaling more than 450 million litres, with authorities saying the deliveries will reinforce national reserves and sustain one of the most competitive pump price regimes globally.In a statement released Tuesday, the Ministry of Energy and Mineral

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Don’t Send on This Number”: Ugandans Bypass Mobile Money to Escape Aggressive Loan Deductions

Don’t Send on This Number”: Ugandans Bypass Mobile Money to Escape Aggressive Loan Deductions

KAMPALA — A growing number of Ugandans are increasingly finding ways to bypass mobile money loan repayments, highlighting rising tensions between digital lenders and borrowers struggling with daily financial pressures.Reports indicate that many users are diverting transactions to alterna

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