Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) is set to enlist all vatable smaller and medium size businesses on the Electronic Fiscal Receipt and Invoice Systems (EFRIS), to ensure efficiency in the collection of Value Added Tax (VAT), from these establishments. This revelation was made by the …
Read More »Equity Uganda investigates multi-billion shillings suspected fraud
Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has launched investigations into cases of fraud surrounding their Stock Loan and Agent Float financing that happened recently. The Stock Loan product is a credit facility meant to support entrepreneurs, small and medium-sized enterprises (SMEs), and large businesses across various sectors with …
Read More »Basemera shows a woman’s will to build a business from scratch
Peruth Basemera Defies Odds, Grows Her Business from a Retail Shop to a Franchise Distributor Chain Across 3 Districts Kampala, Uganda | THE INDEPENDENT | Her journey began in 2005 as an airtime stockist for Airtel Uganda (then CELTEL Uganda), selling scratch cards in her retail shop. However, in 2012, …
Read More »UNOC seeks sh550 billion for new fuel storage terminal
Kampala, Uganda | THE INDEPENDENT | The Uganda National Oil Company (UNOC) has revealed that the first phase of the new fuel storage facility will cost over 550 billion Shillings (USD 140 million). The new reserve facility in Buloba is designed to store up to 320 million liters of fuel. …
Read More »Access to finance to headline PSFU’s Katale in Jinja
Kampala, Uganda | THE INDEPENDENT | Women Entrepreneurs from Busoga sub-region could benefit from access to patient and low-interest capital in the long run, thanks to the 2024 Women’s Day Katale slated for 15th and 17th March at Dam Waters Rugby Grounds in Jinja, organisers said in a press …
Read More »TotalEnergies unveils US$2.3million centre for enterprise development
The company has issued a 3-year contract to a joint venture comprising Zoramu Consulting Group and Invest in Africa to establish the IEC Kampala, Uganda | THE INDEPENDENT | TotalEnergies EP Uganda has launched the Industry Enhancement Center (IEC), a sector-led initiative aimed at enhancing the capacity of Ugandan Small and …
Read More »Minister Bahati, Uganda Breweries agree to fight illicit alcohol
Kampala, Uganda | THE INDEPENDENT | The state minister in Charge of Industry at the Ministry of Trade, Industry, and Cooperatives David Bahati has pledged to work with Uganda Breweries Limited (UBL) and other sector players in addressing the challenge of illicit alcohol that costs Gov’t billions of lost taxes. …
Read More »NSSF annual contributions rise to sh1.72 trillion
Kampala, Uganda | THE INDEPENDENT | The amount of money that Ugandans contribute to the National Social Security Fund (NSSF) has risen from 1.27 trillion shillings in 2020 to 1.72 trillion in 2023. This contribution comes from up to 2.2 million members. Information obtained from NSSF indicates that this growth in savings …
Read More »European Investment Bank gives 420 billion to Ugandan Micro-businesses
Kampala, Uganda | THE INDEPENDENT | European Investment Bank (EIB Global) and Centenary Rural Development Bank Ltd (“CERUDEB”) have announced the agreement to make over 426 billion shillings (€100 million) available to private sector enterprises, with a focus on female borrowers and microenterprises in rural areas. A statement from EIB says …
Read More »‘Abakyala ku Ntiiko’ as Equity Bank celebrates women
Kampala, Uganda | THE INDEPENDENT | Equity Bank is set to celebrate Women’s Month with a series of special events aimed at empowering and enabling women in small-scale businesses to achieve their full potential. In line with the International Women’s Day theme of ‘invest in women; Accelerate progress,’ Equity Bank …
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