Category «Business»

UK investors decry bureaucracy in Uganda

By Benjamin Jumbe Bureaucracy and corruption have been cited as some of the factors frustrating UK investors seeking to start up business in Uganda. This was revealed by Lord Dolar Popat from the House of Lords during a meeting with the Speaker of Parliament Rebecca Kadaga whom he hosted to a dinner in London yesterday. …

Financial Intelligence Authority acquires new reporting system

By Benjamin Jumbe: The Financial Intelligence Authority has secured a financial reporting system to enhance its investigations. The establishment of the Authority under the Anti-Money Laundering Act, 2013 was for the prohibition and prevention of money laundering and terrorism financing in the country. The Authority’s deputy Executive Director Michael Olupot Tukei says the new system …