EFRIS was first legally introduced through the Tax Procedures Code (E-Invoicing and E-Receipting) Regulations in 2020, with mandatory use by VAT-registered taxpayers beginning on 1 July 2020.In today’s rapidly digitizing economy, tax compliance in Uganda is no longer a back-office obliga
The Minister of Information and Communication Technology and National Guidance, Dr Chris Baryomunsi, has called on banks in Uganda to embrace modern technology to enhance efficiency and improve service delivery to customers.Dr Baryomunsi made the remarks while speaking at the National Lead
The State Minister for Works and Transport, Musa Ecweru, has commended contractors for what he described as commendable progress on road works along routes crossing River Katonga, assuring road users that normal travel will soon resume.Residents and motorists who depend on the Gomba–Masa
When President Yoweri Museveni summoned officials from the Ministry of Water and Environment and the National Environmental Management Authority (NEMA) to his Kisozi farm in Gomba recently, the mood was anything but routine. According to sources familiar with the meeting, the President was deeply
The Bank of Uganda has issued a strong warning to the public regarding the misuse of Uganda Shilling currency, urging everyone to preserve the integrity of banknotes and coins. The central bank specifically cautioned florists, designers, gifting stylists, and clients against using brand-new bankn
The business empire of the late tycoon Apollo Nyegamehe, popularly known as Aponye, has been listed for public auction after failure to clear billions in outstanding loans, barely two years after his death.One of the Properties belonging to the late businessman Apollo Nyegamehe (inset) und
From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank.When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went o
Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services.KAMPALA
The cracks inside Standard Chartered Bank are no longer whispers — they are now headline news.As the British banking giant retreats from struggling markets, its top executives are heading for the exit and its once-proud retail empire in Uganda has collapsed into a fire sale.In the
President Museveni concluded his campaign trail by issuing a stern warning against the theft of Parish Development Model funds, promising a nationwide audit and arrest of implicated leaders.Dear President Museveni, I write to express gratitude for your leadership and dedication to U
