Category: Business

BRAVO to President Museveni, Uganda is on track to start exporting refined petroleum

BRAVO to President Museveni, Uganda is on track to start exporting refined petroleum

Uganda is taking the lead in Sub Sahara Africa as one of the best growing economies and investment destination, this was published by the International Monitory Fund (IMF) last week.We are now ranked as a lower middle income country beside all this Uganda is in the first position in the Ea

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World Bank owes Vision Group Shs 2.7m in unpaid adverts

World Bank owes Vision Group Shs 2.7m in unpaid adverts

Vision Group is demanding the World Bank Shs 2.7 million in unpaid advertisements and promotions across its platforms, we can reveal.According to the list of Vision Group debtors seen by Bbeg Media, the World Bank, a multilateral lender, is one of several reputable international organisati

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BREAKING: Fire Engulfs Haruna Tower in Wandegeya

BREAKING: Fire Engulfs Haruna Tower in Wandegeya

A major fire has broken out at Haruna Tower in Kkubbiri, Wandegeya, sending thick smoke into the sky as police secure the scene while firefighters are yet to arrive.A fire has broken out at Haruna Tower in Kkubbiri, Wandegeya, with thick smoke seen billowing from the six-storey building.

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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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