Category «Business»

URA explains banned sugar saga

By Tom Brian Angurini The Uganda Revenue Authority (URA) has refuted media reports that banned Kenyan sugar has been sneaked into Uganda. Addressing journalists in Kampala this afternoon, Vincent Seruma the Assistant Commissioner Public and Corporate affairs says the said shipment was from Kakira Sugar Works that had been sent to Mwanza, Tanzania but was …

Apple is first public company worth $1 trillion

Apple has become the world’s first public company to be worth $1 trillion (£767bn). The iPhone maker’s market value reached the figure in New York on Thursday and its shares closed at a new record high of $207.39. The stock has been rising since Tuesday when it reported better than expected results for the three …

IGG’s directive on all public servants to declare cash at hand questioned

By Ritah kemigisa. The Anti-corruption coalition Uganda has questioned the latest anti-graft guidelines from the inspector general of government. According to the directive, all public servants and leaders will effective march 2019 disclose their cash at hand when declaring their wealth as required by the amended leadership code Act 2017. The coalition’s Executive director Cissy …

Parliament fails to block ban on airtime scratch card

By Moses Kyeyune. Parliament last evening failed to block the ban on airtime scratch card. The ban by the Uganda Communications Commission takes effect today the 1st of August 2018 and no sale of airtime on scratch cards will be entertained going forward. The minister of Information and Communications Technology Frank Tumwebaze assured the House that …