Category «Business»

Mobile money dealers to close outlets

By Ssebuliba Samuel. Mobile money operators in Kampala are set to meet today to take a decision on the controversial 1% tax on mobile money transactions. Last week President Yoweri Museveni announced that the 1% on mobile money was a misinformation asserting that the actual tax on mobile money is 0.5%. Speaking to KFM, the chairman Kampala mobile money dealer association Matthias Lukyamuzi says they have resolved to close down all mobile money outlets starting Monday for a minimum of two weeks to enable government reflect on its decisions. Lukyamuzi says working under the current tax regime is not economical and thus they have resolved to remain home until the proposed 0.5% levy by the president is scrapped.

Co-operatives to be introduced in the school curriculum

By Benjamin Jumbe Government is considering introduction of cooperatives as an independent subject in the school curriculum. This is in a bid to interest and improve awareness of Ugandans about cooperatives. Speaking ahead of the international cooperative day slated for July 7th, the state minister for cooperatives Frederick Gume says with a special subject on cooperatives introduced the young generation will be able to appreciate their importance in the country’s growth. Gume reveals that the ministry is also planning to upgrade the cooperatives colleges in Kigumba and Tororo to start offering degree courses. He also notes that over Shs13bn has been spent in compensating cooperatives around the country and so far 8 have benefited. The total budget estimated to cover …

Cooperators asked to challenge their leaders

By Samuel Ssebuliba  Cooperators have been asked to start challenging their leaders if they are to remain relevant and effective. This call comes as government considers revival of the cooperative movement as the only gate way to development. Speaking during the Ignatious Musazi Memorial lecture at Makerere yesterday, Irene Ovungi a former East African Legislative Assembly legislator said many leaders are co-opted by government and thus if cooperators do not challenge their actions  this movement will not take off. She added that cooperative leaders must be independent minded, but many are working under and for the state. The 96th International Cooperative Day is to be commemorated on July 7th at the Civil Service College in Jinja under the theme; “Sustainable …

Tour operators call for clear communication on social media tax

By Benjamin Jumbe Players in the tourism sector have called on government to come up with a clear communication on the newly introduced social medial tax. This follows widespread public uproar over the tax with many people and complaining of lack of clear information about the same from various government officials. Speaking to KFM, the Chief Executive Officer Great Lakes Safaris Amos Wekesa says the varying messages have confused potential tourists with some thinking the tax is on accessing internet. He says government therefore must ensure this is sorted out to give confidence to the potential visitors. Government recently imposed a Sh200 daily levy on use of social media, drawing outrage from various circles.  

Government drafts new law to cut mobile money tax

By Franklin Draku The ministry of finance, planning and economic development is planning to introduce a new bill to repeal the recently passed tax amendment bill that slapped a one percent tax on mobile money. The decision follows an uproar from the public about the tax, with many abandoning the mobile money services. Faced with stiff resistance, president Yoweri Museveni last evening issued a statement, saying the one percent was a misinformation and that they actual tax should have been 0.5 percent. The president also said mobile money deposits do not attract taxes and therefore should not be taxed. On social media tax, the president remained defiant, saying Ugandans who want to always spread false propaganda on social media must …