Earlier this year as economies picked up, pump prices in Uganda rose sharply from 3,700 Shillings to 4,150 Shillings per litre of petrol at Shell and Total stations and have been largely stable since April. New tax measures also saw a 100 Shillings increase in the Excise Duty per litre, although this did not take immediate effect on the prices, at least in the first two months of the financial year.
URBRA which is mandated to regulate and supervise the establishment, management and operation of retirement benefits schemes in Uganda levies a compulsory annual fee paid by NSSF and other retirement benefits schemes of up to 0.0256 % of the Total Asset Value in the statement of financial position.
Prof Kaawaase says that such institutions, including Crane Bank which is still a center of conflict between Bank of Uganda and the bank’s shareholders, always have audit reports with unqualified opinion of the auditors, on such institutions’ financial positions.
The testing of the products has often been delayed because of the movement of samples from the production sites to the UNBS testing labs in Kireka, which led to more expenses on the part of the producers.
With 4,477,808,848 ordinary shares being offered, from the 20 per cent of its share capital, the company says it is looking to raise 895 billion Shillings, which will be about double the cumulative sum raised in Initial Public Offers since June 2000 when the first IPO was done.
According to the contracts, the companies are required to levy a monthly charge of shilling 30,000 for premium services (3 bags per week) and UGX3000 per month for bring-to-truck services. Concessionaires are also required to assess each client objectively depending on how much garbage they generate.
“You are buying shares into MTN Uganda Ltd., which includes 100% of the MTN Mobile money company," says the CEO.
Mobile Money is the second most important source of revenues for the company, accounting for a quarter of total earnings, after voice which brings in half of the company’s revenues. Data accounts for 20% while the remaining 5% is from other digital services, wholesale and device sales.
The Auditor-General, John Muwanga’s report on the Embassy’s audited financial statements was tabled before Parliament last week. Muwanga’s qualified opinion notes that the finances of the Embassy were not handled well.
Zainab Ssesanga, working with 2Niles Public Relations Agency in Nsambya, says many of the domestic workers who had registered with them are quietly picking their passports, claiming they got other companies to process for their departure. She says therefore, Government needs to re-opening their training centres in order to save the poor girls who are desperately looking for jobs from misled by the bad characters.
In his July 1, 2021 letter, the president noted that projects were being delayed mainly due to corruption in the government procurement processes and delays in the procurement processes by the ministries, departments and agencies and the Public Procurement and Disposal of Public Assets Authority, PPDA.
According to the disbursement list, over Shillings 23.6 million has been sent to Makindye Division Community Cooperative Savings and Credit Society Limited, Shillings 11.56 million to Rubaga, Shillings 25.6 million to Kawempe, Shillings 14.69 million to Nakawa and Shillings 23.7 million to the Central Division Community Cooperative Savings and Credit Society Limited.
Engineer Nicholas Omoding, the head of Investigations at the National Buildings Review Board- NBRB, says that their investigations into collapsing buildings show that a number of developers do not hire qualified architects or engineers.
The United Nations Capital Development Fund, UNCDF further says many innovations are made because the innovators get an idea, without thinking about the market, and so despite an exciting product, it is rendered useless.
The acquisition follows the execution of an agreement signed on September 29, 2020, whereby Allianz agreed to acquire the majority shareholding in the short-term general (property and casualty) insurance business operations of Jubilee Holdings Limited, in the five countries.
“The National Telecom Operator (NTO) licensee shall require to list at least 20% of its shares on the Uganda Securities Exchange within two years from the date of grant or issuance of the licence," the guidelines state.
“I don’t know the motive of such people. I don’t know what they want or what their intentions are. Our aim is to attract investments and that is what we are doing and that is what Ugandans want,” says Rwakakamba, the UIA Board Chairman.
During the six months of the expo, President Museveni says that officials will show Uganda’s unique tourism potential to the people of the UAE and other participating countries and promote agriculture products such as diary, fish, simsim, cocoa, coffee, fruits and vegetables. They will also promote trade and seek joint ventures and investments in agriculture, manufacturing, services and ICT.
Another staff says Bamwesigye must lobby for extra funds because these funds are pegged to addressing staffing shortfalls, regulating safety and standards that could put UCAA in trouble when the International Civil Aviation Organisation-ICAO audits Uganda. "The ICAO audit is due this year and remember in 2014, that audit resulted in the closure of Air Uganda and suspension of Air Cargo."
“Today, too small a group of Ugandans find themselves bearing a tax burden that should be shared with others. Many more who benefit from the development of our economy, of our society, of our personal freedoms and chances in life, need to play their part and make a contribution as taxpayers so that we can all share in a better future,” says Keith Muhakanizi, former Secretary to the Treasury
Dr.Sabrina Kitakka, a senior pediatrician at Mulago hospital commends the UNBS for the step to standardize children mattresses. She says that as a paediatrician she has encountered a number of children having complications developed from the bad mattresses used.