Business

KCCA budget finally read

KCCA budget finally read

The budget for the Kampala Capital City Authority for the financial year 2012/2013 has finally been presented, showing a reduction in government funding. Funding from government is to reduce from  Shs101b to Shs 86 billion. The city Executive Director Jenipher Musisi says ...

June 28th, 2012

1 Comment

URA Collections below target

URA Collections below target

The Uganda revenue authority continues to register shortfalls in revenue collection. The latest is an over 22 billion shilling shortfall registered in May 2012. There was optimism after the tax body reduced its cumulative shortfall from Shs71 billion to Shs14 billion in the ...

June 28th, 2012

No Comments

Ugandan at helm of Tullow Oil

Ugandan at helm of Tullow Oil

Tullow Oil Uganda has appointed Jimmy Mugerwa as the General Manager. Mugerwa who officially assumes his new position on October 1st, brings almost 20 years of experience in managing large and diverse international teams within the energy sector. He joins Tullow Uganda from ...

June 25th, 2012

2 Comments

Terry Kahuma fights interdiction

Terry Kahuma fights interdiction

Interdicted Uganda National Bureau of Standards Boss Terry Kahuma has gone to court, challenging his dismissal from office. Kahuma says the investigations on which his sucking was based were illegal and wants to be reinstated into his office. In the petition filed before ...

May 9th, 2012

No Comments

BOU returns Libyan assets

BOU returns Libyan assets

The Governor of Bank of Uganda Prof. Emmanuel Tumusiime Mutebile has today returned Tropical Bank Uganda Ltd to its majority shareholders of the Libyan foreign bank. The Central Bank took over the management of the bank following a UN Security Council resolution, which ...

March 6th, 2012

1 Comment