Uganda Revenue Authority facing scrutiny for withholding funds without the approval of Parliament.
According to the Auditor General, URA received authorization from the finance minister to retain the mentioned funds
Read More
Equity Group has announced an increase in its lending rates effective July 10
Equity Group has announced an increase in its lending rates, effective from July 10, following the Central Bank’s decision to raise its benchmark lending rate to commercial banks by 100 basis points to 10.5 percent on June 26.
Dfcu shareholders vote in favor of increasing the remuneration for the company’s chairman and directors
During the 58th Annual General Meeting held at Serena Hotel on July 6, shareholders of dfcu Limited voted overwhelmingly to increase the remuneration for the company’s chairman and directors.
Former NSSF Managing Director Richard Byarugaba cleared of mismanagement, abuse of office, and corruption
The findings of the probe by the Inspectorate of Government into the affairs of NSSF spanning 61 pages, have absolved Mr Byarugaba of many allegations of mismanagement, abuse of office, and corruption, convicting him only of irregular payments and insubordination.
Over 2000 entrepreneurs have graduated from the GIZ E4D, Stanbic incubator training program
More than 2000 entrepreneurs who participated in various training programs at Stanbic Business Incubator Limited (SBIL) between January 2022 and April 2023 have successfully graduated in a ceremony, held at hotel Africana.
The Crucial Role Of Supermarkets In Empowering Local Economies
Supermarket chains have a significant role in supporting local suppliers and boosting the economy. By prioritizing the sourcing of products from local businesses, supermarket chains contribute to the growth of local economies and promote job creation and sustainability. One such supermarket chain making a notable impact is Carrefour, operating through an exclusive franchise agreement with…
We are committed to digitizing operations and streamlining processes – Housing Finance Bank
Last week, Housing Finance Bank organized a customer service forum at Silverback Hotel in Mbarara as part of its ongoing commitment to show appreciation to its valued customers. The event aimed to reward customers in the western region and gather valuable feedback. This forum is just one of many customer reward engagements planned by the…
Kevin Nandase Wagubi appointed as Head of Human Resources at Equity Bank Uganda
Kevin Nandase Wagubi, a seasoned banker with extensive experience in both Human Resources and Business within the financial industry and with a career spanning 20 years has been appointed as the Head of Human Resources at Equity Bank Uganda. Previously serving as the Head of Human Capital Management at United Bank of Africa Uganda since…
Government set to establish a threshold of Shs200 million for forex bureaus.
The Ugandan government is proposing a draft law that would require individuals or businesses offering foreign exchange services to have a minimum capital of at least Shs200 million. Failure to meet this requirement within six months could result in closure.
URA engages Airtel to enhance their relationship
URA recently welcomed a delegation from Airtel to engage in discussions regarding tax-related issues and foster stronger ties between the two organizations. During the meeting, Manoj Murali, the Managing Director of Airtel Uganda, expressed his concerns about the 0.5% tax imposed on mobile money withdrawals. He highlighted that this tax has led customers to opt…