Business •
06 May '25
The Uganda Revenue Authority (URA) has destroyed more than 100 tons of goods found without Digital Tax Stamps (DTS), intensifying its crackdown on tax evasion and substandard products in the market.The destruction took place on April 30, 2025, at Luweero Industries Ltd in Nakasongola Distr
Business •
01 May '25
The Ugandan government has raised fresh concerns over the financial sustainability of Public Sector Organizations (PSOs), signaling a possible move to de-gazette several of them and lay off tens of thousands of employees.According to government insiders, this dr
Business •
01 May '25
The Obama sisters stepped out in style and were captured partying in Los Angeles.Weeks after their mother Michelle Obama addressed divorce rumors, the former
Business •
28 Apr '25
ActionAid has criticised the outcomes of the 2025 Spring Meetings of the World Bank and International Monetary Fund (IMF), calling for the United Nations to take over the global debt resolution process, amid warnings that low-income countries face worsening economic hardship.The global jus
Business •
26 Apr '25
Residents of Kigombya village in Mukono Municipality on Friday blocked the Kampala–Jinja highway, setting fires in the middle of the road to protest its deteriorating condition.They say the thick dust from stalled road works has disrupted their businesses and posed serious health risks.
Business •
26 Apr '25
President Museveni has reappointed several senior political figures and former government officials as presidential advisors, signalling continuity and trust in familiar hands as he consolidates his political and policy agenda.The appointments, made under Article 172 of th
Business •
25 Apr '25
China has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that the President Donald Trump is serious about resolving the trade war between the two countries.A Chinese official said there had been no trade talks with the US, despite suggestion
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 •
22 Apr '25
Uganda continues to lose significant revenue from the artisanal and small-scale mining (ASM) sector due to rampant informality and weak regulatory enforcement, the Advocates Coalition for Development and Environment (ACODE) has said.Despite being rich in minerals, Uganda has failed to tran