As African nations grapple with the imperative to enhance revenue generation, the African Tax Administration Forum (ATAF) unveils its latest guide, providing comprehensive guidance on implementing Voluntary Disclosure Programmes (VDPs). …
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Banking & SavingsFeaturesIndustry & TradeLatest News
Driving Growth Through Enhanced Customer Relations: dfcu Bank Initiates Comprehensive Customer Engagement Program.
On the official commemoration of it’s 60th year oof existence and operation in Uganda, dfcu Bank’s Chief Executive Officer, Charles Mudiwa, noted that the Bank’s success over the last decades …
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EconomicsLatest NewsNewsTaxation
Uganda’s tax exemptions: a catalyst for growth or financial burden?
Tax exemptions are a common fiscal tool used by governments worldwide to stimulate economic activity, attract investment, and boost key sectors especially those that drive the economy. In Uganda, this …
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Banking & SavingsIndustry & TradeLatest News
Stanbic Bank Wins URA’s Best Client Service Bank 2024 Award
Stanbic Bank Uganda has won the award for Best Client Service Bank 2024 during a high-profile gala event recently hosted by the Uganda Revenue Authority (URA) in Kampala. The country’s …
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Parliament on Thursday approved an unprecedented budget of 72.1 trillion shillings for the 2024/25 financial year, marking a significant 32% increase from the 54 trillion shillings initially proposed in the …
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London, May 17, 2024 — Moody’s Ratings (Moody’s) has today downgraded the Government of Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 and changed the outlook to …
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Nairobi Monday 13th May 2024 After reporting a 5% decline in profit after tax for the year ended 31st December 2023, Equity Group Holdings has bounced back recording strong 1st …
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15th May 2024 Delivering a resilient performance with strong underlying momentum, despite a volatile macro-economic environment Operating highlights Financial performance Capital allocation 1 Sustainability strategy Olusegun Ogunsanya, Chief executive officer, …
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In the financial year 2024/2025, companies manufacturing electric vehicles, electric batteries, electric vehicle charging equipment, or engaged in the fabrication of electric vehicle frames and bodies, and employing at least …
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Banking & SavingsFinanceLatest News
EFC closure: 24% of depositors under Sh. 10m unpaid; given May 31 deadline to process payments
After four months since EFC Uganda Limited shut down, 24% of depositors whose deposits are under the Shs 10 million insurance limit have not been paid. The Bank of Uganda, …