Bitature Loses Again As Court Halts Transfer Of Companies Shares
The High Court in Kampala has ruled that businessman Patrick Bitature should not alter shareholding of four of his companies until it determines a loan dispute between him and his South African financiers of Vantage Mezzanine Fund II Partnership and Vantage Mezzanine Fund II Proprietary Limited. In a ruling by High Court Judge Ocaya Thomas, the court…
NCBA Rallies Insurance, Vehicle Dealers for Safer Importation in Uganda
A global motor vehicle exporter has partnered with a local insurer and a commercial bank in a bid to improve the shipping of vehicles into Uganda. The three; NCBA Bank Uganda, ICEA Lion and World Navi Co. Ltd, say that the growth of the automobile industry in Uganda has for long been curtailed by a…
Loading…
Something went wrong. Please refresh the page and/or try again.
Over UGX 160B Lost in Incentives- URA Report
Uganda Revenue Authority (URA) has disclosed a shortfall of over 160 billion Shillings in corporate income taxes. This shortfall is attributed to the various tax incentives issued by the government to investors with the aim of stimulating investment. This revelation stemmed from collaborative research conducted by URA’s research department and the United Nations University (UNU-Wider)…
URA Revamps Taxpayers Ledger to Improve Compliance
The Uganda Revenue Authority-URA has moved to revamp the national taxpayers’ ledger management system in a bid to improve efficiency and levels of compliance in tax collection. The innovation was revealed by the URA Commissioner General John Musinguzi Rujoki, at the commissioning of their South-Western Regional Offices for Customs and Domestic Taxes, which was built…
Loading…
Something went wrong. Please refresh the page and/or try again.
China Assures Rubondo on Supply of Crude Oil Pipeline
Panyu Chu Kong (PCK) Steel Pipe says it is ready to deliver the first one hundred kilometers of “Smart Crude oil pipeline” for the East African Crude Oil Pipeline (EACOP) project. The pipelines are part of those needed for the construction of the 1,445-kilometer pipeline that will transport Uganda’s oil from Hoima to the Port…
Minister Kasolo Orders Banks To Refund Cash For PDM Account Opening
The Minister of State for Microfinance, Hajji. Haruna Kasolo Kyeyune has given banks in Teso Sub Region one week’s ultimatum to refund funds they allegedly extorted from Parish Development Model (PDM) beneficiaries when opening bank accounts. Kasolo’s directive follows an outcry from PDM beneficiaries over alleged excessive charges from banking institutions while processing PDM cash. …
Loading…
Something went wrong. Please refresh the page and/or try again.