Uganda earned $1.35 billion (about Shs4.990 trillion), from coffee exports between September 2023- August 2024, which indicates that the country now gets more from the oversea market, according to the Uganda Coffee Development Authority (UCDA). The monthly UCDA coffee report for August r
Tax controversies have recently stirred debate across the country, with the country’s tax body – the Uganda Revenue Authority (URA)—and the National Treasury struggling to justify certain tax breaks to particular companies while in the National Assembly. In a new twist, the two age
Sean "Diddy" Combs used his fame as one of hip-hop's biggest names to coerce women into demeaning sexual acts as part of a long-running scheme of sex trafficking and racketeering, prosecutors said on Tuesday in bringing three criminal charges against him. Combs, 54, pleaded not guilty in
Republican Donald Trump said that he will not make a fourth consecutive run for the U.S. presidency if he loses the November 5 election, saying "that will be it" in an interview released on Sunday. Asked if he saw himself running again in four years if he is not successful in his third c
The Anti-Fraud Brigade of Kinshasa City in the DR Congo have threatened to seize a commercial house, Uganda House, owned by the Uganda government in Kinshasa over non-payment of property tax arrears to the tune of $443,000. A source, who preferred anonymity because he has no authority to
Ugandan coffee shipments are overflowing the European Union (EU) as traders scramble to get their hands on beans before the year-end implementation of new environmental regulations. Under the EU's Deforestation Regulation (EUDR), importers into the bloc will have to demonstrate that good
Telecom investments have shored up NSSFâs income, strengthening the Fundâs assets. National Social Security Fund (NSSF)'s earnings in the year ended June increased by 15 percent, from Shs2.2 trillion to Shs2.53 trillion, due to a surge in interest, dividend, and real estate inc
Justice and Constitutional Affairs minister, Mr Nobert Mao, has warned that the state of democracy in Uganda is unsatisfactory and called on citizens to demand for better. Mr Mao made the comments yesterday at an event to mark the International Day of Democracy hosted by the Swedish emba
The annual debt statistical bulletin and public debt portfolio analysis by the Ministry of Finance indicates that the stock of domestic debt rose from Shs34.5 trillion in June 2023 to Shs40.6 trillion in June 2024, representing a growth of 5 percent. The increase represents a rise of dom
The East African Court of Justice (EACJ) kicked off its September session in Arusha this week after taking a break since May due to lack of funding. The judges started working on September 16, hoping to clear a backlog of cases by October 11. “Due to financial challenges, the cour
