EAC countries to borrow $18bn to resuscitate respective economies
Several countries in the East African Community (EAC) bloc plan to increase expenditure over the…
Economy
COVID-19: LDC economies most affected
Least developed countries (LDCs) have so far been spared from the worst effects of the…
Middle-income status; Museveni’s missed 5th term goal
By URN President Yoweri Tibuhaburwa Museveni has formally began his walk to a 40-year-rule on…
Gov’t lists agencies to be scrapped
Government has listed its agencies, commissions and authorities that were approved for mergers or being…
Parliament votes to scrap OTT, introduces new internet tax
Parliament has passed a 12 percent tax on internet data, replacing the unpopular over-the-top (OTT)…
Gov’t drops Social media tax
In July 2019, URA reported a collection of only Shs 49.5 billion out of the targeted Shs 284 billion from OTT as more Ugandans opted to use virtual private networks (VPNs) to access social media sites without paying the daily Shs 200 for the tax.
EAC states agree to pursue private trade deals with EU
The leaders of the East African Community have given a go-ahead to partner states willing…
URA insists on re-verification of Bobi Wine’s car
“An inquiry has been conducted into the circumstances under which motor vehicle Toyota Land Cruiser Registration Number UBJ 667F was declared to customs vide reference UGCWH C54 dated January 12, 2021, was cleared and subsequently registered,” reads a letter signed by URA Commissioner for Customs, Abel Kagumire.
Uganda’s debt burden soars beyond IMF threshold
The government remains adamant about the debt burden on the country, despite now having exceeded…
Banks reject tax on cash withdrawals
The Uganda Bankers Association (UBA), is petitioning Bank of Uganda to block the proposed taxation…