URA Urges Landlords to Voluntarily Declare Rental Properties and Avoid Penalties
The Uganda Revenue Authority (URA) has urged landlords to voluntarily declare their properties and register for rental income tax to avoid penalties for non-compliance. Isaac Aijuka, the Acting Supervisor of Tax Education Outreach in South Western Uganda, made this appeal while addressing landlords in Mbarara and Lyantonde. “URA has a
Stanbic Uganda posts 478 billion Net Profit for 2024
Stanbic Uganda Holdings Limited (SUHL), the parent company of Stanbic Bank Uganda, SBG Securities, Stanbic Business Incubator, Stanbic Properties, and FlyHub, has posted Shs 478 billion profit after tax in financial year 2024. Despite the challenges posed by a volatile global economy, Stanbic Uganda showcased its resilience, with impressive revenue
AEW 2025 to Host National Oil Company (NOC)-International Oil Company (IOC) Forum in Cape Town
This year’s African Energy Week (AEW): Invest in African Energies conference will debut the first-ever National Oil Company (NOC) and International Oil Company (IOC) Forum, a dynamic platform that brings key public and private sector stakeholders into direct conversation to drive investment, secure new deals, foster local capacity building and
XRP Healthcare to Go Public in Q3 2025, Driving AI-Powered Healthcare Innovation
XRP Healthcare, a fast-growing innovator in AI-driven healthcare and mergers & acquisitions, has announced plans to go public by Q3 2025. The company confirmed today that it is accelerating its initial public offering (IPO) timeline, moving the listing from 2027 to the third quarter of this year on a Canadian
Helpware CEO backs Uganda’s new BPO Policy as a game-changer
Helpware, a global leader in Business Process Outsourcing (BPO), has welcomed Uganda’s newly launched BPO policy, hailing it as a transformative step in positioning the country as a major outsourcing hub in Africa. Speaking at a media briefing in Kampala, Helpware CEO Robert Nash said the policy provides a structured
Ugandan Shilling Remains Stable as Kenya’s Currency Faces Pressure
The Ugandan shilling remained stable throughout the week, trading consistently at 3660/3670 per dollar. The short-term outlook appears positive, with expectations that the shilling will continue its upward trend, likely fluctuating between 3640 and 3690 in the near term. Richard Nsubuga, Trader CIB Markets at Absa Bank Uganda, noted that
Governments, Companies Borrow USD 25 Trillion in 2024
Governments and companies borrowed a record USD 25 trillion from markets in 2024 USD 10 trillion more than pre-COVID levels and nearly three times the amount raised in 2007 according to the latest OECD report. The OECD Global Debt Report 2025: Financing Growth in a Challenging Debt Market Environment projects
UDB launches RISE initiative to facilitate sustainable development
Uganda Development Bank (UDB) has launched the Reshaping Industries for a Sustainable Economy (RISE) Program, an initiative that is expected to transform the way the Bank deploys its resources within the economy. The RISE Program delivers a groundbreaking solution to address modern-day challenges, diversify the economy, and establish high-tech, high-value-added,
MTN Uganda empowers families of children with autism through skills training initiative
MTN Uganda, through its corporate social responsibility arm, MTN Foundation, has donated vocational training equipment to Teens and Tots Neuro Development Centre in Kira Municipality, Kampala. The initiative aims to support parents of children with autism and young adults with disabilities by equipping them with skills to build sustainable livelihoods.
Patrick Bitature Suffers Another Legal Defeat Against Vantage Mezzanine
City businessman Patrick Bitature has lost yet another court battle against Vantage Mezzanine Fund II Partnership, a South African venture capital firm, in an ongoing debt dispute. High Court Judge Steven Mubiru ruled in favor of Vantage, overturning a previous decision that had awarded the firm 194 million shillings in
