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Why MTN is at loggerheads with URA in Shs 1.5 trillion tax stalemate
For the past five months or so, Uganda Revenue Authority (URA) has been at loggerheads with Uganda’s biggest telecommunications company, MTN.This follows an audit carried out by SafariTech - a Kenyan company tha
Ultimate Uganda
Uganda Investment Authority and British High Commission Mired In Namanve Project Scandal
The Uganda Investment Authority (UIA), under the leadership of Robert Mukiza, in collaboration with Louis Arinaitwe, the Country Director for Trade at the British High Commission (BHC), has become embroiled in a significant scandal.
Ultimate Uganda
Shocking Truth: Posta Uganda Operating Illegally
(Kampala) â Posta Uganda, the countryâs postal service provider, has been operating without a valid license, according to revelations from a parliamentary Ad Hoc Committee. During an interface on Tuesday, November 19, 2024, chaired by Karim Masaba, lawmakers scrutinized Uganda Posta Limite
Ultimate Uganda
Uganda’s Kinshasa Property Faces Seizure Over Rent Dispute
(Kampala) â Uganda owes $433,582 (UGX 1.679 billion) in ground rent arrears to Kinshasa authorities for a commercial property in the Democratic Republic of Congo (DRC). Despite having the funds, the payment remains stuck due to unclear instructions from the DRC side, raising fears of property s
Ultimate Uganda
Excessive govt local borrowing starves private sector of credit
A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an
Ultimate Uganda
To cap or not to cap interest rates
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe
Ultimate Uganda
Tycoon Rajni Tailor faces jail over Shs148m rent arrears
Rajini Tailor, a renowned businessman and former Buganda Kingdom minister, has been embroiled in a debt dispute with the Muljibhai Madhvani Foundation, resulting in his recent detention at Luzira Prison. The dispute centres on unpaid rent arrears amounting to approximately Shs148 million
Ultimate Uganda
Speaker Among rallies states to fast-track EAC integration
Uganda's Speaker of Parliament, Anita Among, has issued a rallying cry to fellow leaders in East African Community (EAC) member states to fulfil their obligations to the bloc, stressing that unity is crucial for achieving the long-elusive goal of integration. Speaking at the 18th meeting