The One-Stop Border Post (OSBP) at Nimule international cross border town has been opened to boost efficient trade between Uganda and South Sudan. The USD 5 million (18.3 million Shillings) facility was on Thursday handed over to the Government of South Sudan by TradeMark East Africa. It is expected to reduce congestion that has been causing slow movements of people…
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Uganda is set to lose more than 500 billion Shillings in tax waivers during the 2019/2020 financial year alone, the Uganda Revenue Authority has indicated. A tax waiver is when a company or an individual engaged in a certain activity where they are supposed to pay, is granted a chance not to pay. This can be mainly to make sure…
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Finland’s new government has announced plans to give all parents the same parental leave, in a push to get fathers to spend more time with their children. Paid allowance will increase to a combined 14 months, which works out as 164 days per parent. Neighbouring Sweden has Europe’s most generous system of parental leave with 240 days each after a…
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More than 700 victims of DunamisCoins Resources Ltd, a crypto currency scan in Arua have petitioned for the intervention of President, Yoweri Museveni to allow them access their money, which has been frozen in two banks. Dunamiscoins ltd, which deals in bid coins, opened business in Arua town on September 1st 2019. However, it was by the Finance Intelligence Authority…
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The International Monetary Fund-IMF has slashed Uganda’s growth projection from 6.3% to 6% this year, citing the country’s challenges to get oil out of the ground and government’s inability to do all budgeted activities. After assessing the economy, the IMF said Uganda had challenges to raise money to carry out activities in the budget. This has made the country borrow…
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Makerere University has secured funds for Government-sponsored students. The money authorized through the University Subvention Account in Stanbic Bank on Monday is meant to cater for first batch of payment. Yusuf Kiranda, the Acting University Secretary says that 1.48 billion shillings and 860 million shillings has been secured for students’ meals and accommodation respectively. This is short of more than…
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By Roy William Mayega On January 24th, a young woman by the names Leila Janah passed away due to an aggressive form of tissue cancer. Leila was a social entrepreneur who employed thousands of desperately poor people in Africa and India in the fervent belief that jobs, not handouts, offered the best escape from poverty. She was only 37. What Leah…
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Rwanda and Uganda have agreed to refrain from engaging factors that may create the perception influencing a regime change in each other’s country and also exchange prisoners. This was resolved in the Luanda Head of States meeting set up to resolve the tense relations between Rwanda and Uganda which has now marked a year. In the quadripartite summit held…
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Members of the Opposition in Parliament are concerned that the current cry by Government that they do not have money to run elections could be used against the opposition. Government recently announced plans to slash the budget for the 2021 elections. According to Justice Simon JByabakama, the commission requires 518.944 billion shillings for the 2021 elections. He says Government has…
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President Yoweri Kaguta Museveni has called upon the people of Rwenzori Region and Uganda in general to “wake up” and put themselves out of poverty by engaging in diverse economic activities. Museveni says it’s unfortunate that in a region full of potential ranging from the good climate to fertile soils the people there continue to wade in poverty and unemployment.…
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