Representatives from 24 countries of the World Customs Organisation (WCO) of East and Southern Africa are in Uganda to participate in a two-day 22nd governance council meeting that is discussing tax matters. The Ministry of Finance, Planning and Economic Development and the Uganda Revenue Authority are taking the lead in this …
Read More »
Washington, United States | AFP | President Donald Trump’s sudden dismissal of FBI Director James Comey on Tuesday has seen the betting odds of a Trump impeachment skyrocket, bookmaking sites told AFP on Wednesday. Opposition Democrat lawmakers have ramped up calls for an independent investigation into possible collusion between the …
Read More »
Top management at Uganda’s oldest telecom company UTL has been sacked to pave way for investigations into the company operations. In an interview with The Independent, Evelyn Anite, the state minister of finance for investment and privatization confirmed Uganda Telecom Ltd (UTL) has been put under provisional administration for one month (from …
Read More »
Uganda Revenue Authority (URA) is on track to collect tax revenue of Shs 500 billion above target by end of the financial year 2016/2017. URA’s Commissioner General, Doris Akol says Shs 10.5 trillion has so far been collected as revenue for this financial year, and projections are now that they will collect …
Read More »
Abuja, Nigeria | AFP | Italian oil group Eni’s Nigerian subsidiary Agip is planning a 150,000-barrel per day refinery as part of efforts to reduce imports, junior oil minister Emmanuel Ibe Kachikwu said. Kachikwu met representatives from Eni and said agreement had been reached to build the facility in the …
Read More »
Government of Uganda has set up a five-member committee to check the powers of the self regulated tax agents. Henry Saka, the commissioner for domestic taxes told The Independent on the sidelines of an event unveiling the committee at the Uganda Revenue Authority (URA) headquarters in Nakawa on May 10, …
Read More »
MTN, which has 60 million subscribers in Nigeria, says it is the largest distributor of music Lagos, Nigeria | AFP | Phizbarz is only 23 but hopes to become the next Nigerian Afropop star to be famous across Africa — and to get himself known and earn a living, he’s using …
Read More »
Kampala, Uganda | PWATCHUG| Former Energy Minister, Syda Bbumba has feigned ignorance of the content in an oil production sharing agreement that led to a $157 million tax waiver to Tullow Oil Company. Bbumba is in the eye of the storm after President Yoweri Museveni, while meeting legislators on the …
Read More »
Listed enterprises record 50% increase in sales Nabukeera Plaza is a large building in downtown Kampala which is home to an extensive array of cubicle-sized shop where an army of traders peddle clothing, home appliances, personal care products, food and drinks and more. That description fits any of the numerous …
Read More »
But profits decline over declining sales, high costs By Susan Babijja Bralirwa, the biggest brewing company in Rwanda registered annual revenue growth of 5.6% despite a decline in sale volumes, according to its financial performance figures announced recently. According to the results, the firm’s revenue for the period ended December …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
