Category «Business»

Traders strike kicks off

The traders’ strike has began, with shops remaining closed in most parts of Kampala. Along Namirembe road, many traders are seen standing outside their closed shops, as are those in shopping malls like Qualicel, Mukwano, Mini Price and Pioneer Mall. Streets like Luwum, Market Street and Kikuubo lane which are normally a bee hive of activity at such a time of the day are all deserted. The traders under their association the Kampala City Traders Association resolved to close shop today in protest of the implementation of Pre-Import Verification Exercise by the national standards body. The contentious issue is on who is to meet the cost of service with both government and the traders trading accusations. The traders have maintained …

Police, taxi drivers clash

Seven taxi operators have been arrested around Kampala for allegedly sabotaging the renewed KCCA operation collecting of the monthly dues. This morning, KCCA enforcement officers together with the police stormed the old taxi park and all roads leading to the city to trap all taxis whose dues had not been paid for the period between May and June. The Police spokesperson for Kampala Metropolitan Region Ibin Ssenkumbi says the suspects were trying to incite violence and also attempted to attack the enforcement officers. However some of the taxi drivers said that they are tired of mixed information with orders to await a decision from council on the due, while on the other hand, KCCA enforcement officers are asking for money. …

New taxes announced, Museveni speaks out on aid cuts

President Yoweri Museveni has lashed out at some members of the donor community over the recent aid cuts. Several development partners withdrew aid to Uganda over increased mismanagement of funds in many government departments. However, addressing parliament this afternoon, President Museveni has described the move as uncalled for and high handed. This comes shortly after the finance minister Maria Kiwanuka said only 18% of 13tn budget will be financed donors. Meanwhile, the poor service delivery in the country has been largely blamed on mismanagement rather than limited resources. Presenting the budget estimates for the financial year 2013/14, finance minister Maria Kiwanuka has promised to improve transparency and accountability to ensure improved service delivery. She says this will be done through …

Beer industry appeals for tax cuts

Players in the beer industry are asking for tax cuts in the upcoming budget. The beer industry is one of the top five contributors of taxes . Uganda Revenue Authority reported last month that the sector contributed Shs 21b in taxes, way ahead of other sectors including electricity, phone talk time and banking. One of the major players in the industry East African Breweries says though  government is under stress to collect more money, it is  not constructive to heap the burden on the leading sectors Speaking to KFM the Director of East African Breweries UGANDA Richard  Wejuli Wabwire said imposing high taxes will only serve to scare away potential investors in the sector.  

Government cancels Namanve land titles

Government has cancelled 74 land titles of investors set to establish business entities in Namave industrial park According to the Minister of Investment Gabriel Aljedra, a total of 277 investors were allocated land but 42 were granted leases after satisfying the Uganda Investment Authority board terms. Another 121 have surveyed their land and the authority is processing their lease while 35 entities have paid a total of 200,000 shilings to the authority to secure their land. However 74 were allocated land but have not taken any action beyond acknowledging the authority offers making the land idle. It’s on this note that government has announced cancellation of their entities and plans for re-allocation. Addressing a press conference, Ajedra said the authority …