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Ugandan Firms Secure $7 Trillion in Oil and Gas Contracts

Uganda’s oil and gas sector receives a substantial boost as PAU approves contracts totaling $7 trillion for local companies, signaling promising growth opportunities. Following the announcement of the Final Investment Decision (FID) in February 2022, the Petroleum Authority of Uganda (PAU) has approved contracts valued at approximately $7.16 billion (shillings 28 trillion). Of this amount, […]

Uganda Allocates Funds for Coffee Farmer Registration to Meet EU Regulations

The Ugandan government has earmarked $9.15 million (sh35.6 billion) for the registration of all coffee farmers, aligning with European Union Regulations on deforestation-free products (EUDR). This initiative, mandated by the National Coffee Act 2021, aims to establish a National Coffee Register and a Traceability System. The Government is committed to register all coffee farmers and […]

Uganda Revenue Authority Collaborates with Traders to Reform Used Clothes Import Valuation

Uganda Revenue Authority (URA) Commissioner General, John Rujoki Musinguzi, and Treasury Permanent Secretary, Ramathan Ggoobi, engaged with Kampala City Traders Association (KACITA) to revamp the valuation process for second-hand clothing imports. The dialogue resulted in resolutions such as transitioning to invoice values, investigating foreign involvement in trading, and strict measures against under-declaring goods. Uganda Revenue […]

Indian Business Community Recognized for Enhanced Tax Compliance in Uganda

John Musinguzi, the Commissioner General of the Uganda Revenue Authority (URA), praised the Indian business community for their significant contribution to tax revenue during a breakfast meeting organized by the Indian Business Forum. He highlighted the growth in Uganda’s tax-to-GDP ratio, attributing it to improved taxpayer compliance. Musinguzi emphasized the importance of reaching a 20% […]

URA Implements New Warehouse Guidelines to Protect Local Industries

Uganda Revenue Authority’s Commissioner General, John Musinguzi, urges clearing and forwarding agents to follow established guidelines for trade efficiency. The Commissioner General of the Uganda Revenue Authority (URA), Mr. John Musinguzi, has urged clearing and forwarding agents to adhere strictly to the established guidelines to ensure a seamless flow of trade. Mr. Musinguzi’s directive comes […]

Prime Minister Nabbanja Promotes Investment: Highlights Opportunities for Italian Investors

The Prime Minister of Uganda Rt. Hon. Nabbanja Robinah and several ministers have today met Italian investors and discussed strategies of bolstering trade and investment between the two countriesat the office of the Prime Minister in Kampala on 5th march 2024. The Prime Minister of Uganda, Rt. Hon. Nabbanja Robinah, and various ministers met with […]

Gen. Kainerugaba Tours Kakira Sugar Limited

Gen. Muhoozi Kainerugaba, Senior Presidential Advisor for Special Operations, visited Kakira Sugar Limited, invited by Managing Director Mayur Madhvani. Gen. Muhoozi Kainerugaba shaking hands with the managing director Kakira Sugar Limited, Mr.Mayur Madhvani The Senior Presidential Advisor for Special Operations Gen. Muhoozi Kainerugaba visited Kakira Sugar Limited at the invitation of the company’s Managing Director, […]

Ambassador Walusimbi Roots for Collaboration in Diaspora Community to Grow Uganda’s Economy

The Senior Presidential Advisor on Diaspora Affairs,Ambassador Abbey Walusimbi emphasized the significance of cooperation for unity and advocated for innovative approaches to connect the Diaspora community with Uganda, aiming to capitalize on opportunities for economic advancement. During a meeting that brought together prominent Diaspora leaders like Susan Gakwavu and Patrick Ogwang, Ambassador Abbey Walusimbi, the […]

Strengthening Uganda’s Tax System: URA’s Innovative Approach to Combat International Tax Evasion

A three-day onsite assessment by OECD experts to evaluate Uganda Revenue Authority’s readiness for receiving financial information from over 120 countries regarding Ugandan taxpayers with assets abroad. A team of experts from the Organisation for Economic Co-operation and Development (OECD) has undertaken a comprehensive three-day onsite assessment of the Uganda Revenue Authority’s readiness pertaining to […]

Empowering Uganda from Abroad: Minister Alice Kaboyo’s Call for Diaspora Investment

Minister Alice Kaboyo urged Ugandans abroad to invest in self-help projects back home, emphasizing their crucial role in advancing socio-economic development. She commended initiatives like the Agroforestry Recreational Center Uganda, empowering women in Kiboga, Jinja, and Masaka through various income-generating activities. The Minister for Luwero-Rwenzori triangle, Hon. Alice Kaboyo and the founder of Kibisi Women’s […]