Finance

Uganda-UN Initiative to Empower Youth Receives $84.1 Million Boost

Summary: Uganda and the UN have launched a program to empower 25,000 youth with $84.1 million. Focused on health, skills, and participation, it aims to address youth needs in eight districts. The initiative aims to bridge education and job market gaps and foster youth engagement in critical issues like peace …

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URA Launches Crackdown on Vehicles Misusing Duty-Free Exemptions

Summary: The Uganda Revenue Authority (URA) has launched a joint operation with the Uganda Traffic Police and the Military to crack down on vehicles misusing duty-free exemptions, resulting in over UGX 129 million in penalties and 13 vehicles forwarded to customs warehouses to pay taxes and register. Advertisement KAMPALA, (Examiner) …

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URA Waives Penalties for Traders Not Using EFRIS

The Uganda Revenue Authority (URA) will waive penalties for traders who failed to issue e-receipts and e-invoices (EFRIS) due to initial implementation challenges. The waiver targets traders from Kikuubo and the Central Business District. Affected traders can visit URA offices from May 27 to May 31, 2024, for assistance and training on the EFRIS system.

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Julius Kakeeto Elected as New Chairman of Uganda Bankers’ Association

Summary: The Uganda Bankers’ Association (UBA) elected Julius Kakeeto, CEO of Post Bank Uganda, as its new Chairman during their annual meeting on May 17, 2024. He succeeds Sarah Arapta. Other key appointments include Michael Mugabi as Vice Chairman, Edgar Byamah as Treasurer, and Mumba Kalifungwa as Auditor. KAMPALA, (Examiner) …

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