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Ugandans choosing MDIs over banks, UMRA reveals

Ugandans choosing MDIs over banks, UMRA reveals

The Executive Director Uganda Microfinance Regulatory Authority (UMRA) says 86 percent of the borrowing in Uganda is happening in the Tier IV sector “A recent study shows that most Ugandans have ditched banks for Microfinance Deposit-taking Institutions (MDIs),” Ms Edith Namugga Tusu

Ultimate Uganda

URA: Agricultural Machinery and Feeds Tax Free

URA: Agricultural Machinery and Feeds Tax Free

(Masaka) – The Uganda Revenue Authority (URA) recently participated in the CBS PEWOSA Agri-business Expo held at Pookino Grounds in Masaka City. During the event, URA emphasized that agricultural machinery and animal feeds are exempt from VAT. The expo served

Ultimate Uganda

Nina Roz avoids clarifying Kenzo’s claims about receiving Federation cash

Nina Roz avoids clarifying Kenzo’s claims about receiving Federation cash

Nina Roz remained evasive during her appearance on Sanyuka TV when asked to address claims by Eddy Kenzo that she received money from the SACCO managed by the Uganda National Musicians Federation, where she once served as 

Ultimate Uganda

Parliament wants review of salary enhancements for security forces

Parliament wants review of salary enhancements for security forces

Minister Muruli Mukasa said the salary enhancements were being guided by a 2017 Cabinet decisionParliament has advised Cabinet to rethink salary enhancements for security forces saying the current arrangement is unfair to junior officers whose welfare is

Ultimate Uganda

Vision named among top 'kiosks' bleeding the taxpayer

Vision named among top 'kiosks' bleeding the taxpayer

President Museveni authorised a late Shs14 trillion tax increment that Minister Kasaija added to the Budget Estimates, leaving Ibrahim Ssemujju Nganda in a tiffFrom the standard gauge railway to Lubowa hospital and Kiira Motors to the Preside

Ultimate Uganda

Wazalendo SACCO donates items worth 50million to Busoga Community

Wazalendo SACCO donates items worth 50million to Busoga Community

Wazalendo Savings and Credit Cooperative Society (SACCO) has extended a helping hand to the Busoga community, contributing items valued at 50 million shillings.The donation, presented during the official launch of Tarehe Sita activities in Buyende District, included 20 hospital delivery be

Ultimate Uganda