Category «Business»

Pioneer buses grounded over Shs 8b debt

The grounding of Pioneer Easy buses is likely to affect city transport, with city dwellers already seen stranded at the various bus stops. This is after the Uganda Revenue Authority impounded all Pioneer Easy Company buses over taxes. The company is said to owe the tax body over Shillings 8 billion in unpaid taxes. All …

NSSF wins Alcon case

The NSSF has won another round in the 40bn shillings compensation dispute with Alcon International. A panel of seven Supreme Court Justices led by the Chief Justice Benjamin Odoki have ruled in favor of the National Social Security Fund. The Chief Justice has allowed an appeal by the NSSF challenging a 40bn shillings award to …

UCC strong on fake phones

The national communications regulator is at cross roads over a decision on fake phones. The Uganda Communications Commission is set to meet with mobile phone operators to agree on the way forward regarding switching off of fake handsets. The UCC plans to deactivate fake phones and sim cards that have not been registered as stipulated …

Inflation rate drops

Inflation has further dropped from 5.3% in December last year to 4.9%in this month. This is according to the new inflation rates released this morning by the Uganda bureau of statistics. According to the director micro economics statistics Dr. Chris Mukiza the decline comes as a result of the decline in the prices of energy, …

Mobile money to be regulated

The Uganda Communications Commission is set to release guidelines on the management of mobile money services this year. This follows public outcry over lack of a regulatory framework under which mobile money services are carried out, creating a gap for fraud. According to the Executive Director of the Commission Godfrey Mutabazi, mobile money services are …