Category «Business»

Porter charged for stealing 3 pairs of jean trousers

By Ruth Anderah A porter has been arraigned before City Hall Court and charged with offence of stealing 3 pairs of jean trousers valued at 90,000 shillings. 19 year Isaac Ndaulaa resident of Naguru has been charged with theft offence, which he denied before a grade one magistrate Patrick Talisuna. Prosecution led by Lydia Batiibwe states that on 2nd January 2019 at Mulimira zone in Kampala, Ndaula stole three pairs of jean trousers valued at 90,000 shillings the property of Christopher Bataganya. He was remanded until January 25th 2019 for trial to kick off.

Gov’t to grow revenue to GDP ratio

By Ssebuliba Samuel. Government is planning next financial year to start implementing the new comprehensive Domestic Revenue Mobilization Strategy, which aims to raise the revenue to GDP ratio from 14.2% to at least 16% in the next 5 years. This comes the time when government is grappling with growing debt stock which is now standing at 41 trillion equivalent to 41% of Uganda GDP. According to the minister for Finance Matia Kasaijja, this increase in domestic revenue will provide Government with the additional resources for financing development projects and service its debt obligations annually. He said that this development agenda will be guided by high National priorities with expected high economic return as identified in National Development Plan.

URA creates special unit to ensure tax compliance

By Benjamin Jumbe. Uganda Revenue Authority is working on a number of strategies to ensure tax compliance The authority is among other things encouraging voluntary tax compliance to avoid clashes. The commission’s acting Commissioner General Patience Tumusiime says taxation of wealthy individuals (commonly referred to as High Net Worth Individuals has remained a challenge. She however notes that to address the above, a special unit has been created to follow up and ensure compliance.

Tanzania clears Uganda’s Maize and beans

By Ritah Kemigisa. Tanzania has cleared Uganda’s dry produce following a bi-lateral meeting between Uganda’s Minister of Trade Amelia Kyambadde and her counterpart of Tanzania Joseph Kakunda. In November 2018, Ugandan traders at Mutukula border demonstrated over a ban on dry produce like Maize and Beans intended for export to Tanzania. Now the ministry’s Senior Public Relations Officer Khadija Nakakande says after a meeting between the two ministers on Wednesday at the Mutukula One Stop Border Post, the ban is no more. Nakakande adds that the Tanzanian Government has also agreed to grant import permits to the importers immediately to enable them buy produce from Ugandan traders. This is after the Tanzania government denied import permits to the Tanzanian importers. …

Uber, Taxify drivers go on strike

By Ritah Kemigisa. Uber and Taxify drivers in Uganda under their umbrella body Smart online Drivers Association have gone on strike demanding for a review of rates and working conditions amid the escalating fuel prices. The association’s spokespersons Mercilus Katinba says the drivers are struggling to survive because of the low charges and the huge percentages Uber and Taxify operators take from each trip made. He says the drivers now want minimum rates for both Uber and Taxify increased from shs 4000 and shs 4500 to at least shs 7000 or higher to cater for vehicle maintenance, Airtime, mobile data and insurance cover. They also want charges for a Kilometer increased from shs 500 to shs 1500 and the waiting …