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Jul 4206 results
17:06
17:06

MTN Uganda Signs License Renewal Agreement 1

In a statement, MTN Uganda said “This brings to an end the long-standing negotiations between MTN Uganda, the Uganda Communications Commission (UCC) and the government. This license renewal comes almost 2 years later, since MTN Uganda applied for a license renewal following the expiry of their 20 year license in October 2018”.
16:20
16:20

Temporary Relief for Coca Cola in Battle over UGX 58b Tax Bill 1

According to an assessment by URA, an audit of Coca Cola Uganda between January 2014 and December 2017 found that the beverages maker had not paid 58.1 billion Shillings in taxes. But Cola rejected URA’s position and dismissed the assessment which was presented to the company in January 2020.
14:38
14:38

Uganda May Not Produce Oil Until 2025 – World Bank oil production 1 1

In its Economic Update report, the bank says “the sharp decline in world oil prices resulting from the COVID-19 crisis could delay oil sector investments in the medium term and oil production beyond 2025”
10:18
10:18

Mutebile Warns Banks Against Refusing to Reduce Interest Rates on Loans commercial banks 1

Mutebile, who appears to make a U-turn from earlier position that banks can charge borrowers based on their own assessments, says he was disappointed that banks had refused to reduce charges on loans to spur growth.
07:58
07:58

MPs Ask Gov’t to Resolve Uganda- Kenya Milk Row common market 2 1

Members of Parliament have asked Government to comprehensively resolve the Uganda-Kenya impasse regarding milk exports saying milk farmers are suffering.
18:48
18:48

KCCA Issues Guidelines for Reopening of Arcades 2 1

The guidelines include, keeping the premises and access ways clean, hygienic and not blocked and that corridors and access ways are free of any obstruction, stockpiles and temporarily structures.
18:47
18:47

Digital Transactions Can Save Country UGX 179b in Printing Money Annually – BOU 2 1 Top story

The biggest hindrance at the moment, Mugume said, is the fear that people have over platforms like mobile money and internet transactions. He said that even when people receive money on their phones, they rush to withdraw it thinking it is not safe on the phone.
18:40
18:40

Cross-Border Informal Exports Fall 99% – Official Figures Bank of Uganda 1

BOU says earnings from cross border trade dropped from USD 52 million (193.5 billion Shillings) in March 2020 to just USD 59,000 (219 million Shillings) at the end of May 2020. The main reason for the fall is that while those in formal-trade are being tested for Coronavirus Disease and cleared to keep taking out or bringing in goods, the informal traders don’t have this luxury and are stranded at home
17:41
17:41

KCCA Suspends Taxi Park Charges 2 1

Kampala and Metropolitan Affairs Minister Betty Amongi, says that the suspension takes effect on Thursday. She explains that they have received complaints from several taxi operators about the exorbitant charges.
17:14
17:14

Salon Operators Ready to Observe Standard Operating Procedures President Museveni 1 3

Salon and Spa Operators have called on Government to reopen their sector since they have been observing hygiene and safety before the covid-19 lockdown.
15:33
15:33

Employee Not Liable to Clear Loan If Wrongfully Fired – Court Rules Court of appeal. 1

Mufumba ran to the Industrial Court over wrongful dismissal from Uganda Development Bank in 2011 where she was working as the Principal Internal Auditor. She argued she had been dismissed while on leave and was not given any reason for her dismissal. The judges of the industrial court agreed with her that she was dismissed wrongfully.
11:24
11:24

Non-Performing Loans Jump to UGX 783billion – BOU Bank of Uganda 1

This trend, BOU says, has been observed since March 2019, a year before the coronavirus troubles came in. This means long before lockdown, many businesses and individuals were struggling to thrive.
20:47
20:47

Parliament Discussed Loans Worth UGX 2.5 Trillion in June irrigation 2

The 10 loan requests were introduced by the Ministry of Finance to Parliament in the month of June alone. They came just a month after Parliament approved another 2.9 trillion Shillings to mitigate the effects of COVID-19.
15:42
15:42

House Prices Fell in Kampala, Wakiso between April and June – UBOS 1 1

Ibrahim Mugera, a real estate dealer, said it is a buyers’ market currently and anyone with little money can get themselves a property at a bargain. He said people currently don’t have money and those who have are not spending it, yet expatriates who usually rent the properties went back home, making the industry unattractive.
04:55
04:55

Traders Seek More Funding to Recover from COVID-19 Lockdown Effects

Issa Ssekitto, the spokesperson of Kampala City Traders Association-KACITA, an umbrella for the business community in the capital, says that businesses need a stimulus to recover from the effects of the COVID-19 lockdown which started with the outbreak of the COVID-19 pandemic in March. He says that although the government has partially lifted the lockdown, many businesses are yet to recover.
12:27
12:27

UNBS Starts Construction of Three Regional Testing Labs 2

According to Sylvia Kirabo the spokesperson of UNBS, the move is aimed at taking services closer to their clients, many of whom have been facing challenges to get their products certified.
22:50
22:50

Accounting Officers Cautioned as Fraudsters Forge FIA’s E-mail to Fleece Public 3

Lazarus Mukasa, the Manager Operational Analysis at the authority says that fraudsters are presenting themselves as producers of essential commodities but disappear once availed with credit card information.
07:26
07:26

No Money to Pay South Sudan Traders-Kasaija juba crisis 3 1

Appearing on Wednesday to explain about the delay of payment of the traders, Kasaija said Government did not have money to pay the traders because it had deferred several other payments due to lack of money in the COVID-10 crisis.
17:32
17:32

UCC Pursuing Policy to Regulate Online Businesses 2

Speaking during an online discussion organized by Uganda Nation Bureau of Standards-UNBS under the theme “Ensuring Quality of products and services in e-commerce, Henry Mugabi, the Assistant Technical Officer in Uganda Communications Commission, said the frame work will act as standard procedure for all other member states.
20:44
20:44

Gov’t to Write-off UGX 108B Youth Livelihood Program Loans lockdown 1

The plan was unveiled by the State Minister for Labour, Mwesigwa Rukutana in a presentation before the National Economy Committee of Parliament. The Ministry officials had appeared before the meeting to submit their views on the impact of the COVID-19 pandemic on the economy.
Jul 4206 results