The State House Investors Protection Unit (SHIPU) has conducted a stakeholders consultation meeting on the minimum capital requirements for investment licensing in Uganda.During the meeting held at the State House Investors Protection Unit Offices in Kampala, the unit head, Col. Edith Nakalema said SHIPU noted that there was a gap in having a clear investment […]
The State House Investors Protection Unit (SHIPU) and the Uganda National Chamber of Commerce and Industry (UNCCI) officials met and discussed partnership opportunities, aimed at promoting investments in Uganda. During a meeting held at the State House Investors Protection Unit Offices in Kampala, the unit head, Col. Edith Nakalema commended the leadership of UNCCI for […]
The Minister of State for Finance, Henry Musasizi, has revealed that government intends to generate Shs1.902Trn from the recently proposed taxes on cement, fuel, land transactions, mineral water etc, in order to finance the Shs58.340Trn budget for 2024/25 financial year. Musasizi made the remarks while appearing before Parliament’s Budget Committee where he had been summoned […]
President Yoweri Museveni has tasked leaders at all levels to preach the gospel of household income generation to the masses in order to uplift communities.The Presidenet who was hosting a group of exemplary farmers from the nine villages of Gomba and Sembabule Districts at his Kisozi farm on Tuesday, 2nd April, 2024 underscored the importance […]
The State Minister of Finance for Investment and Privatization, Evelyn Anite, has tipped investors not to be duped into buying land in Namanve Industrial Park in Mukono district because it is free.The minister also indicated that he had opened criminal cases against people who give fake titles on Uganda Investment Authority (UIA) land to Ugandans […]
The government of Uganda has in the Excise Duty Amendment Bill 2024 that was tabled before Parliament by the Ministry of Finance proposed a number of taxes.Tax on disposal of non-business assetsThe government has proposed to impose a 5% withholding tax on gains earned from the sale of land in cities & municipalities, the sale […]
Plans are underway for members of the private sector led by the Uganda Manufacturers Association (UMA) to set up the Uganda Fraud Database. It is believed that the incoming database will provide a solution to the increasing levels of fraud and financial crime.Francis Gimara, the Head, Alp East Africa, and promoter of the database, said […]
President Yoweri Museveni has promised to remove the Fisheries Protection Unit (FPU) from the water bodies and hand over the administration of fishing communities to the elders.“In the month of May, I want you the people who are near the lakes to guide me, to get the elders of this area; they should be the […]
President Yoweri Museveni has implored Italian investors to support Uganda through investing in the East African country. “What we need from Europe is capital, not from the government but from the private sector which needs money in the form of profits. It’s a win-win formula,” he said. The President made the appeal today while meeting […]
The Minister of State General Duties Henry Musasizi reveals that the government is coming up with important reforms to grow the Capital Markets in Uganda. Musasizi made the revelation while meeting the Capital Markets Authority (CMA) Board and the technical team to discuss the operations of the Authority.”There is growing interest in Private Equity. There […]