Business •
28 Apr '25
A section of traders at Nyumanzi Market in Ajugopi Parish, Dzaipi Sub-county comprising both nationals and refugees are counting heavy losses following a devastating fire outbreak on Sunday evening.James Ondoga Okido, the Dzaipi Sub-county Local Council III Chairperson, said the
Business •
28 Apr '25
Tanzania East Africa Gateway Terminal Limited (TEAGTL), the private operator of Terminal 2 has successfully implemented the Fixed Berthing Windows (FBW) concept at the Dar es Salaam Port.This operational reform is being hailed as a transformational step in the modernization of Tanzania’s
Business •
26 Apr '25
Here are 20 of the most devastating character deaths in movies and TV, ranked by the ones that still hurt the most!There’s nothing worse than falling in love with a character, watching them grow, fight, love, and survive… only for them to
Business •
24 Apr '25
Tesla boss Elon Musk has pledged to "significantly" cut back his role in the US government after the electric car firm reported a huge drop in profit and sales for the start of this year.Musk has led the newly created advisory body - the Department for Government Efficiency (Doge) - since
Business •
24 Apr '25
President Museveni has called for judicial reforms and ordered a thorough investigation into a controversial land eviction in Kiboga District, which he described as a form of injustice.The president made the appeal during the swearing in ceremony of the recently appointed Deputy Chief
Business •
23 Apr '25
The British American Tobacco-Uganda (BAT) has urged Parliament to reconsider the Excise Duty Amendment Bill 2025, which proposes increasing taxes on cigarettes.BAT officials argued that the tax hike would not only reduce their sales but also lead to a decline in government revenue."
Business •
22 Apr '25
Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company's first-quarter earnings report, as analysts fret over "ongoing brand erosion."The stock closed at $227.50 leaving it less than $6 above its low for the year on April 8. The shares are now down 44% for the year af
Business •
06 Apr '25
The Uganda Revenue Authority (URA) is set to recruit 1,260 new staff members to enhance tax collection efforts, particularly targeting high-net-worth individuals in industries such as construction, transport, and professionals.This move aims to increase revenue collections and reduce depen
Business •
04 Apr '25
Speaking at the Diaspora Exchange Forum hosted by Equity Bank, under the theme “Re-Routing Back Home: Funds Transfer for Powering Personal and Continental Growth,” Prof. Nuwagaba explained that the high cost of borrowing to develop electricity infrastructure makes lower electrici
Business •
04 Apr '25
Henry Musasizi, Minister of State for Finance, presented the seven Tax Bills to Parliament’s Finance Committee, outlining the government’s strategies to boost revenue amidst economic pressures.The Ugandan Ministry of Finance has proposed significant tax hikes