Business news

November 13, 2018

Cosase kicks out BoU officials again over failure to present crucial documents of defunct banks

By Our Reporter The Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) led by the Chairperson Abdu Katuntu, has for the second time kicked out […]
November 9, 2018

Uganda to launch next oil exploration bidding licence round next May

By George Mangula The government of Uganda, which is developing oil deposits but has yet to begin production, will launch its next bidding round for oil […]
November 6, 2018

Gov’t to borrow US$150m for water and sanitation development

By George Mangula The Cabinet in one of its decisions has approved that government borrows US$150 million (about Shs555 billion) for water and sanitation in Uganda, […]
November 5, 2018

URA makes shortfall of Shs48.7 billion in mobile money tax

By George Mangula The Uganda Revenue Authority (URA) has reported first quarter of the 2018/19 financial year collections of Shs103 billion from mobile money tax but […]