The promise of high-speed, satellite-based internet for every corner of Uganda has hit a significant regulatory wall. Just weeks after Airtel Africa announced its ambitious partnership with SpaceX to launch Starlink services across its 14 African markets, the Government of…
In a major move to formalise Uganda’s economy and accelerate digital inclusion, MTN Mobile Money (U) Limited and the Uganda Revenue Authority (URA) have unveiled enhanced digital tax services on the *165# platform. This partnership, officially launched on December 22,…
MTN Uganda has been publicly recognised as the country’s Top Taxpayer for the last three consecutive years, underscoring its pivotal role in funding Uganda’s ambitious national development agenda. The prestigious recognition was awarded by the Uganda Revenue Authority (URA) at…
Centenary Bank, a cornerstone of Uganda’s financial landscape, has announced impressive financial results for 2024, signalling a robust trajectory of market growth and operational excellence. The bank, under the leadership of Fabian Kasi, the Managing Director, reported a significant 15.2%…
A high-level MTN Group delegation, led by Group Chairman Mcebisi Hubert Jonas and Group President and Chief Executive Officer Ralph Mupita, over the weekend visited Uganda’s President, H.E Yoweri Kaguta Museveni, at State House, Entebbe. The meeting, which was alongside…
The Uganda Revenue Authority (URA) has banned groupage cargo clearance, citing loss of tax revenue due to fraudulent practices by container leaders. The ban was issued Sunday by the URA Commissioner General, John Musinguzi Rujoki, who said that these unscrupulous…
By Our Staff Writer As Uganda’s economy continues to digitize and diversify, the financial sector has seen an impressive transformation, particularly within the forex bureau and money remittance subsector. According to the Bank of Uganda, this subsector processed over Shs17.82…
In a landmark ruling, the Tax Appeals Tribunal has ordered CFAO Motors, formerly Toyota Uganda, to pay Shs2.08 billion to the Uganda Revenue Authority (URA) in a Value Added Tax (VAT) dispute. The tribunal’s decision clarifies the application of Value-Added…
Today, Private Sector Foundation Uganda and PwC Uganda launch a report on the Study of the Impact of Digital Tax Stamps in the Manufacturing Sector at the Kampala Sheraton Hotel. According to the report, there has been an increase in operational…