A man who has been impersonating as Uganda Revenue Authority (URA) customs staff has been arrested. The Acting commissioner Customs at URA Julius Lubagumya says that Kareb Kankireho was intercepted at Jinja Road following numerous complaints from traders who have fallen victim to his tricks. It is alleged that Kankireho extorted one million shillings from Fred Kasozi, a trader in…
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The Uganda National Roads Authority – UNRA is reviewing designs of the Entebbe expressway. The reviews follow an increase in the number of accidents between the expressway extension from Mpala in Katabi Town Council to Kitooro in Entebbe Municipality. An average of 10 accidents take place between the Victoria Mall junction and Mpala every week, according to statistics at Entebbe…
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Uganda’s public debt has grown to Uganda shillings 46 trillion (USD12.5bn) as at the end of June 2019 up from Shs 39 trillion (USD10.7bn) in June 2018, according to the latest Ministry of Finance report. This raises the share public debt from 34.8% of GDP in 2017/18 to 36.1% of GDP in 2018/19. Most of the debt is externally sourced,…
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There was panic and fear in Kikulu zone in Kikaya-Kisaasi in Kawempe North on Saturday night following multiple explosions of gas cylinders. Locals said that they heard a loud bang followed by ablaze that engulfed the entire structure that housed the cylinders. The explosion happened minutes to 9:30PM in the premises belonging to the LC I Chairperson, Ismail Bukenya…
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Parliament has referred the matter of unlawful blocking of Lwemiyaga County Cattle Market and confiscation of cattle by Gen. Elly Tumwine to the Agriculture committee for scrutiny. The Speaker of Parliament Rebecca Kadaga on Thursday referred a petition from Cattle keepers and traders in the cattle corridor and residents of Lwemiyaga in Ssembabule district against security Ministry Gen Elly Tumwine…
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The One-Stop Border Post (OSBP) at Nimule international cross border town has been opened to boost efficient trade between Uganda and South Sudan. The USD 5 million (18.3 million Shillings) facility was on Thursday handed over to the Government of South Sudan by TradeMark East Africa. It is expected to reduce congestion that has been causing slow movements of people…
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Uganda is set to lose more than 500 billion Shillings in tax waivers during the 2019/2020 financial year alone, the Uganda Revenue Authority has indicated. A tax waiver is when a company or an individual engaged in a certain activity where they are supposed to pay, is granted a chance not to pay. This can be mainly to make sure…
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More than 700 victims of DunamisCoins Resources Ltd, a crypto currency scan in Arua have petitioned for the intervention of President, Yoweri Museveni to allow them access their money, which has been frozen in two banks. Dunamiscoins ltd, which deals in bid coins, opened business in Arua town on September 1st 2019. However, it was by the Finance Intelligence Authority…
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The International Monetary Fund-IMF has slashed Uganda’s growth projection from 6.3% to 6% this year, citing the country’s challenges to get oil out of the ground and government’s inability to do all budgeted activities. After assessing the economy, the IMF said Uganda had challenges to raise money to carry out activities in the budget. This has made the country borrow…
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President Yoweri Kaguta Museveni has called upon the people of Rwenzori Region and Uganda in general to “wake up” and put themselves out of poverty by engaging in diverse economic activities. Museveni says it’s unfortunate that in a region full of potential ranging from the good climate to fertile soils the people there continue to wade in poverty and unemployment.…
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