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Govt Abandons Plan to Tax all Cash Withdrawal

Govt Abandons Plan to Tax all Cash Withdrawal

Government has dropped its plan to tax all cash withdrawals after strong resistance from stakeholders, highlighting concerns over economic impact, financial inclusion, and policy contradictions. While the proposal is shelved for now, authorities say the broader push toward a cashless economy and

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UEDCL records Shs1.71t revenue in first year of power distribution takeover

UEDCL records Shs1.71t revenue in first year of power distribution takeover

Uganda Electricity Distribution Company Limited has registered a strong operational and financial rebound in its first year of managing the country’s electricity distribution network, posting Shs1.71 trillion in revenue as it stabilised a system inherited from private operators.The perfo

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Equity Bank Uganda Ordered to Pay Millions to Indian Company Over Mukwano’s Documents Shipping Deal

Equity Bank Uganda Ordered to Pay Millions to Indian Company Over Mukwano’s Documents Shipping Deal

The Commercial Division of the High Court has ordered Equity Bank Uganda to pay millions to Indian Company over Mukwano’s documents shipping deal.On or around September 13th, 2016, Mukwano Industrial Suppliers Limited based in Uganda ordered 72 metric tonnes of Liquid Glucose Concentrate

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Uganda’s impeding debt crisis

Uganda’s impeding debt crisis

In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit

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Iran's largest steelmaker appeals to global industry bodies after strike kills workers

Iran's largest steelmaker appeals to global industry bodies after strike kills workers

Iran's largest steelmaker appeals to global industry bodies after strike kills workersintellinews.com3hIran's largest steelmaker appeals to global industry bodies after strike kills workersMobarakeh Steel Group, the largest steel producer in the Middle East and North A

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Relief as Najjera–Kira road nears completion

Relief as Najjera–Kira road nears completion

Tarmacking of the section this week reached Najjera Police Station, about half a kilometre from Kiwatule where the works are expected to end Residents and motorists using the Kiwatule–Najjera–Kira road are finally seeing visible progress, bringing long-awaited relief after years of nav

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Over 7,000 Former Special Police Constables Begin Training for Private Security Roles

Over 7,000 Former Special Police Constables Begin Training for Private Security Roles

More than 7,000 former Election Special Police Constables have started a one-month intensive training program to transition into Uganda’s private security sector, enhancing both employment opportunities and sector professionalism.Over 7,000 former Election Special Police Constables have

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Asan Kasingye Raises Concerns Over Rapid Data Depletion by MTN Uganda

Asan Kasingye Raises Concerns Over Rapid Data Depletion by MTN Uganda

Retired Assistant Inspector General of Police, Asan Kasingye, has raised concerns over the rapid depletion of a mobile data bundle, prompting responses from both the telecom provider and the public.In a post shared on X (formerly Twitter), Kasingye stated that a UGX 10,000 “Gaga weekdays

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How Mobile Money Taxes Are Squeezing Life Ouf of Small Businesses

How Mobile Money Taxes Are Squeezing Life Ouf of Small Businesses

Rising mobile money transaction and withdrawal charges are increasingly eating into the profits of small businesses in Uganda, with traders and MSMEs warning that the high cost of digital transactions could slow the country’s push toward a digital economy.Mobile money has revolutionized

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JUST IN: Mirembe Beddings breaks silence on relationship with Nsambya Furniture

JUST IN: Mirembe Beddings breaks silence on relationship with Nsambya Furniture

Mirembe Irene Nagawa has announced her separation from Ivan Segujja and assured clients that her business operations will continue without disruption.Mirembe Irene Nagawa has announced that she is no longer in a marital partnership with Ivan Segujja.In a public notice dated March 17

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