War erupts between UNBS and clearing agents

Uganda National Bureau of Standards

A feud has broken out between the Uganda National Bureau of Standards (UNBS) the body concerned with certifying goods in Uganda with a clearing company known Frerich Forwarders Uganda. UNBS accuses these of failure to present goods for verification on two occasions last year, something that breaches the law under the Uganda National Bureau Standards (UNBS) Act. However Mr Frederick Kasoma,…

URA looms in deficit ahead of the closure of the financial year

URA looms in deficit ahead of the closure of the financial year

Uganda Revenue Authority (URA) is expected to close the financial year with a deficit for the second time in as many years. With just less than two months to the close of the financial year of 2020/21, the tax collecting body must collect at least Shs6 trillion to suffice the income inadequacy.  Ms Julie Njuba, the URA assistant commissioner business…

Businessman Ham set to drag his battle with DTB to the Supreme Court

Hamis Kiggundu

City businessman Hamis Kiggundu has decided to further his multi-billion case against Diamond Trust Bank (DTB) Uganda and Kenya branches to the Supreme Court after the Court of Appeal canceled out the Commercial Court’s decision on Wednesday. Mr Kiggundu announced this decision on Thursday through his lawyers Fred Muwema and Arnold Kimala. “The Court of Appeal did not just refuse…

MTN Set To Run To Court To Appeal Shs 50.7 Billion On License Ruling

wim vanhelleputte MTN Uganda CEO

Uganda’s leading telecommunication company MTN is set to appeal against the High Court’s decision where it was ordered to pay fees for a transitional license amounting to 14.14 million USD an equivalent of 50.7 billion shillings. High Court Judge Musa Ssekaana last week in his ruling said that there was no wrongness in UCC‘s decision to inflict transition fees based…

PAC Committee Orders A Thorough Audit Into The NMS Over SHS 13.3 Billion Supply Of Uniforms

Budadiri East MP Hon Nandala Mafabi

The Public Accounts Committee (PAC) in Parliament headed by Budadiri East MP Hon Nandala Mafabi has ordered a thorough audit of the National Medical Stores (NMS) over the supply of uniforms worth a whopping 13.3 billion shillings. Despite the Inspector General of Government (IGG) stating in her report that all the right procedures were followed during the purchase of these…

Uganda Investment Authority Announces Morrison Rwakakamba As The New Board Chairman

Uganda Investment Authority Announces Morrison Rwakakamba As The New Board Chairman

The Uganda Investment Authority (UIA) board has announced its new board chairman and its none other than Morrison Rwakakamba. Rwakakamba who will replace Dr. Emely Kugonza has been the CEO at Agency for Transformation (AfT) and also a board member at UIA. Dr. Kugonza will be stepping down just into his third year as the board chairman after winning the…

President Museveni commissions new multi-billion Picfare company

President Museveni commissions new multi-billion Picfare company

Over the last few years, Uganda has seen a robust increment in the rise of industries from both local and foreign investors. This became evident yesterday as President Museveni commissioned the new Picfare company.The company that is famous for scholastic materials will now start manufacturing other textile products that include labels for beverage, cosmetic, and tissue paper producing companies. Other materials…

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