Uganda's tea industry saw a slight price surge at the recent Mombasa Tea Auction, with the national average climbing to $0.98 (Shs3,605.45) per kilogramme, up from $0.87 (Shs3,200) in August. The recent auctions at the Mombasa Tea Auction, closing on September 17, revealed a notable incr
Banks are steadily taking positions, establishing in-house collective investment schemes that have, for long, been traditionally a reserve of fund managers, the majority of which are insurance firms. The move creates a new dimension, in which assets under management - especially by ins
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
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
(Kampala) – When you think of Uganda Revenue Authority (URA), you imagine tireless civil servants keeping our tax money safe, right? Well, it seems a few of them have decided to play a different game—dodging the very taxes they’re supposed to protect. We are not talking about a few missed shil
Telecom investments have shored up NSSF’s income, strengthening the Fund’s 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
The Equal Opportunities Commission (EOC) has asked the government to stop funding top schools that continue to charge excessive school fees. Ms Susan Nambatya, the EOC research associate, who yesterday spoke at the release of findings of a study on fees charged by government and private
Dear Professor Jimmy Ssentongo, As a cultural institution representing the Bamasaba people, we have received a complaint from one of our clan members, Eric Joseph Sakwa, of Namwenula Village, Siu Clan, Mbale District. It concerns your recent public comments, in which you described him as a â€
Contributors to the National Social Security Fund (NSSF) can expect to receive more than the 10 percent interest they earned this year when the Finance minister announces the yield from the last financial year next week. NSSF managing director Patrick Ayota said at a news conference in
