President Museveni-Traders’ Meeting Yield Results-Traders Agree to Open Businesses 

President Yoweri Kaguta Museveni on Friday paused the implementation of the Uganda Revenue Authority’s (URA) Electronic Fiscal Receipting and Invoicing Solution (EFRIS) which had triggered the traders in Kampala and the upcountry districts to close their businesses as a means of a peaceful protest.   On the fifth day of the traders’ strike, President Museveni […]

IGG Orders Contractor to Return Funds in Case of Failure to Meet Deadline

Mbarara City authorities and the Deputy Inspector of Government (IGG), Dr. Patricia Achan Okiria, have expressed concerns that the funds allocated for the construction of three roads in Mbarara City might be returned to the treasury if the contractor fails to meet the deadline once again. The joint contract awarded in May 2021 between Multiplex […]

Trade, Finance Ministers Have One Week to Resolve City Traders’ Tax Woes-Speaker Among

The Speaker of Parliament, Anita Annet Among has directed the Minister of Trade, Tourism and Industry, and that of Finance, Planning and Economic Development to resolve the woes of Kampala City Traders and report back to Parliament on Tuesday, 16 April 2024. The traders, under their umbrella body, Kampala City Traders Association (KACITA) started a […]

UBA Bank Denies Social Media Allegations of Loss of sh965m from Customer’s Account

United Bank for Africa (UBA) Uganda subsidiary has denied circulating social media claims regarding a purported loss of $250,000 (approximately sh965m) from a customer’s account, labelling these allegations as baseless and unfounded. “UBA Uganda categorically refutes these spurious allegations, asserting no such incident has occurred,” the bank said in a statement issued on April.08, reinforcing […]

Kampala Traders Close Businesses as URA Calls for EFRIS Talks

Business activities in downtown Kampala, particularly in the Kikuubo hub, have been disrupted as some traders opted to close their shops in protest over various concerns regarding business operations. These concerns include issues with tax policy and administration, particularly the enforcement of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS), which traders allege is unfair. […]

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