Category «Business»

Minister Gume leads cooperators in market clean-up exercise

By Ritah Kemigisa The Cooperative movement has been tasked to support their respective immediate communities if more Ugandans are to join cooperatives. The call was made by the state minister for Cooperatives Fredrick Gume during a market clean up exercise at St Balikuddembe market in Kampala this morning. The market clean up exercise was part of the various activities lined up for the Cooperative week which commenced to Friday last and will be climaxed with a symposium in Jinja town on July 7th. Earlier, the group launched The Cooperator Magazine which documents the cooperative movement’s journey, highlighting the opportunities and challenges. Other activities include the IK Musaazi Memorial lecture to be held at Makere University on Wednesday. The 96th International …

City traders speak out on social media tax

By Benjamin Jumbe The tax on social media platforms and mobile money continues to draw reactions from various stakeholders. This comes three days since government implemented the new Shs200 tax on social media platforms and a 1% levy on each mobile money transaction. The chairman of Kampala City Traders’ Association Everest Kayondo says government should reconsider its decision on these particular areas. He argues that if nothing is done, more revenue is bound to be lost and businesses will be affected. In a related development, the guild president of Islamic University in Uganda,Kampala Campus Sadat Sengendo has described as unjust the tax on social media. Speaking at the university’s first internal media challenge, Sengendo said this is also to affect …

Hotel owners cry foul over social media tax

By Moses Ndhaye The Uganda Hotel Owners Association has added voice to those opposing the newly introduced social media tax saying it will negatively affect development of the country’s hospitality industry. The association’s executive director Jean Byamugisha is worried that the Shs 200 daily tax will inevitably raise the cost of doing business. Byamugisha adds that the hotel business has been thriving on social media especially in marketing of its products. Amnesty international has also described the tax as an attempt to undermine the right to freedom of expression which must be scrapped as soon as possible. However, the Uganda Communications Commission says despite all contestations, government will not abandon this move that is expected to raise between Shs400bn and …

Day four of cooperative week marked with blood donation

By Ritah Kemigisa The annual Cooperative Week enters day 4 today with blood donation in Health Center IVs in all Municipalities across the country. The week-long activities kicked off on Friday last week with prayers in all mosques and in churches on Saturday and Sunday across the country. Tomorrow the cooperators will engage in cleaning of markets countrywide ahead of the launch of the cooperative study report and The I.K Musazi Memorial Lecture set for Wednesday at Makerere University. Leonard Okello the Chief Executive officer of The Uhuru Institute, which is co-organising the event with the Ministry of Trade, Industry and Cooperatives, says the cooperators will also engage in tree planting for green growth all schools countrywide, and hold a …

IT experts worried social media tax will fail gov’t

By Ritah Kemigisa. Information Technology experts have expressed fear that government will not actually collect the anticipated revenue from the social media tax after it became effective yesterday. The controversial shs 200 daily levy on social media platforms like WhatsApp and Facebook that was passed by parliament in May officially came it use yesterday, 1st July 2018. Speaking to KFM, Michael Niyitegeka an IT expert says the tax will not only infringe on peoples access to information but alsowill kick out many Ugandans from using technology because of the cost. Niyitegeka adds that telecom companies should prepare to pay a bigger price since those who can buy data will tremendously reduce. He meanwhile says the tax is detrimental on the …