Business •
08 Nov '24
Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025. The financing agreement signed on Friday is for the project expected to cost S
Business •
05 Nov '24
The head of Buruuli Cultural Institution has written to Kabaka of Buganda Ronald Muwenda Mutebi, accusing him of not honouring the 2013 agreement that called for mutual co-existence and cooperation between the two cultural institutions. In the October 31 document, Isabaruli Constantine
Business •
24 Oct '24
Several businesspeople in Kigogwa Town are counting losses after a fuel tanker exploded at a trading centre on Tuesday. The northbound tanker overturned before bursting into flames that engulfed the area, destroying several shops that included hardware, stationery, salons, and eateries,
Business •
24 Oct '24
The High Court in Kampala has ordered the government to compensate novelist Kakwenza Rukirabashaija with over Shs50 million for torturing him and invading his privacy. In a 24-page ruling delivered via email on October 23, Judge Boniface Wamala found that Mr Kakwenza had demonstrated he
Business •
21 Oct '24
Parliaments all over the world have been known as places where elected representatives of the people develop, deliberate, and adopt legislation that promotes public interests. In Uganda, Parliament has been at the forefront of originating, drafting and passing Bills that are often aimed
Business •
16 Oct '24
Uganda Revenue Authority (URA) has rolled out new income tax compliance measures that will require businesses with an annual turnover of Shs500m and above to submit audited financial statements, together with their tax returns. The submitted documents, according to URA guidelines, will h
Business •
13 Oct '24
When the machines at the factory first started roaring over a decade ago, its senior management pledged to turn the venture into “an engine for development to support the livelihoods of vulnerable populations”. More than a decade since its inception in 2013, Atiak Sugar Factory con
Business •
12 Oct '24
A presidential assistant and four clerical staff in the Office of the President are being held for questioning as part of a wider investigation into alleged corruption at State House and the Office of the President. Monitor could not readily identify the clerical staff who are being held
Business •
11 Oct '24
Ugandans are too broke to build a decent house, with only three in 10 able to acquire land, buy construction materials, and pay for labour to construct one. Ms Judith Nabakooba, the Minister of Lands, Housing, and Urban Development, said the low income earned by Ugandans both in urban an
Business •
11 Oct '24
Government has put the 2025/26 budget projections at Shs57.4 trillion, which is Shs14.7 trillion lower than the current budget. In May, government revised the Shs58 trillion budget for the 2024/25 financial year to Shs72.1 trillion, marking a significant increase of Shs14.1 trillion, a f