Category «Business»

UCC okays Airtel-Warid Merger

The Uganda Communications Commission has approved the merger of Airtel and Warid telecommunication companies. According to the commission Executive Director Godfrey Mutabazi, the merger will bring in more revenue for government. The approval however comes with conditions which include among others avoiding collusion to tariffs. He stresses that competition must be in terms on the …

Government tasked on tourism

The Ministry of Finance was today put on the spot over the declining budget support to the tourism sector. Members of Parliament on the Trade and Tourism committee grilled the State Minister for Investment, Gabriel Ajedra over not including funds to marketing Uganda as a tourism destination. The committee’s vice chairman, John Ssimbwa notes that …

NSSF speaks out on IGG probe

The NSSF is in the news again, this time over alleged misuse of savers money. The National Social Security Fund has denied allegation of misuse of contributors’ money in the dubious purchase of properties. This follows media reports indicating that the Inspector General of Government had opened up wide ranging investigations into the fund and …

Top 100 mid-sized company survey launched

Companies should look for more financial options other than commercial banks to set up shop. The Managing Director of National Social Security Fund, Richard Byarugaba says dependence on financial institutions for long term financing could cost companies longevity on the market. Speaking at the launch of the Top 100 mid-sized companies’ survey 2013 today, Byarugaba …

Pioneer Easy Bus given 30 more days

The Uganda Revenue Authority has given Pioneer Easy Bus Company another 30 days within which to pay the Shs.8 billion tax arrears. This has been revealed by the URA manager for debit collection Abdul Salaam Waiswa. He however does not explain the circumstances under which the decision was made. Meanwhile the tax body is also …