Government has dropped its plan to tax all cash withdrawals after strong resistance from stakeholders, highlighting concerns over economic impact, financial inclusion, and policy contradictions. While the proposal is shelved for now, authorities say the broader push toward a cashless economy and
Russian troops liberated two communities in the Kharkov and Zaporozhye Regions over the past day in the special military operation in Ukraine, Russia’s Defense Ministry reported."Battlegroup West units liberated the settlement of Novoosinovo in the Kharkov Region through decisive operati
Even as Uganda pushes toward digital transformation, its deep-rooted reliance on cash presents a complex policy challenge, balancing revenue generation, fairness, and financial inclusion. The proposed tax may reshape behavior, but its success will depend on whether citizens trust, access, and ult
There was commotion at Kawempe Chief Magistrate’s Court after the media was barred from using cameras and mobile phones during proceedings involving 21 supporters of the National Unity Platform (NUP).The group includes NUP Deputy Spokesperson Alex Waiswa Mufumbiro, Edward Ssebufu, also k
Peter Katongole worked for Airtel Uganda for 13 years, during which time he rose to the position of Revenue Assurance and Fraud Manager.In early 2020, Airtel began investigating suspected fraud in its mobile money commission system.In February 2020, Airtel’s Revenue Assurance Cent
MTN Uganda has secured a major reprieve in its tax dispute with the Uganda Revenue Authority (URA), after the Tax Appeals Tribunal ruled that the company may not be required to immediately pay part of a contested Shs169.9 billion tax bill linked to mobile money transactions.The dispute ste
KAMPALA: Uganda is planning sweeping changes to its personal income tax system to ease pressure on low-income earners, even as it rolls out new tax measures to recover at least 49 billion Ugandan shillings in additional revenue, according to official proposals for the 2026/27 financial year seen
Retired Assistant Inspector General of Police, Asan Kasingye, has raised concerns over the rapid depletion of a mobile data bundle, prompting responses from both the telecom provider and the public.In a post shared on X (formerly Twitter), Kasingye stated that a UGX 10,000 “Gaga weekdays
Rising mobile money transaction and withdrawal charges are increasingly eating into the profits of small businesses in Uganda, with traders and MSMEs warning that the high cost of digital transactions could slow the country’s push toward a digital economy.Mobile money has revolutionized
The cross-border heist signifies a new frontier in the evolving nature of financial crime, where digital fraud is increasingly sophisticated, fast-moving and now, transnational. The arrests may mark a breakthrough in the Equity Bank Rwanda probe, but they also expose a deeper reality: in a digita
