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AYA Investments, 14 Other Companies Exempted from Taxes

The Minister of State for Planning, David Bahati, has listed  has listed companies that the Uganda will grant tax exemptions in the next financial year as government seeks to woo more investors into the east African land locked country. Minister Bahati told the Parliamentary Committee on Budget chaired by Ntenjeru North

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MP Muhammad Nsereko Arrested in Kampala Traders’ Strike

Kampala Central Member of Parliament Muhammad Nsereko has this morning been arrested by Police under the command of Kampala CPS DPC Joseph Bakaleke during a traders' protest in Kampala.  Nsereko was addressing Kampala traders at Nakasero as demonstration against Chinese involvement in retail trade in Uganda took shape.  According to the traders, retail businesses

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Rugunda Speaks out on Progress of Sim-Card Verification Exercise

Uganda’s Prime Minister Dr Ruhakana Rugunda has Tuesday chaired a meeting of officials from government’s information and communication agencies, and ministries of security, internal affairs and ICT with the issue of Sim-Card verification high on the agenda. Last week, after a meeting with telecommunication companies’ representatives and officials from security forces,

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Activists Drag UCC to Court, Want Sim-Card Verification Halted

With barely two days to the deadline of a sim-card verification exercise, activists from the Rights Trumpet want have dragged communication regulator Uganda Communications Commission (UCC). The activists have Tuesday rushed to the civil division of the High Court in Kampala seeking that the verification exercise be halted. The activists lead counsel

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Central Bank Closes Sudhir’s Forex Bureaus

Bank of Uganda has shut down forex bureaus belonging to city businessman Sudhir Ruparelia after their licences expired four months ago and were not renewed. The affected bureaus are Crane Forex Bureau at Speke Hotel, Crane Forex Bureau at Kampala Road, Karibu Forex Bureau at Mukwano Arcade on Namirembe Road; and Redfox

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Nakumatt Supermarket Closed Over Unpaid Rent Arrears

Latest news on The Tower Post desk indicates that Nakumatt Supermarket’s Katwe branch located on Muganzilwaza building has been closed over accumulated rent arrears. This website has learnt that that the supermarket owes rent amounting to $ 82,000 (about Shs 297,000,000) to the building. This is not the first time Nakumatt is

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RwandAir CEO Fired

Rwanda’s President Paul Kagame on Wednesday chaired a cabinet meeting that relieved John Mirenge of his duties as the chief executive officer of national carrier RwandAir. Mirenge was replaced with Col Chance Ndagano, who is also the vice chairperson of the Rwanda Civil Aviation Authority (RCAA) board. Lt Col Sylvere Munyaneza was

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Two Fuel Tankers Crash, Burn Houses

Two fuel tankers have crashed in separate incidents in Kijabwemi and Bisanje villages in Masaka District on Thursday. According to Southern Region Police Spokesperson Diana Nandawula, a Moil Petroleum Company fuel tanker crashed after it failed to brake and overturned at Kijabwemi at around 10am. ‘Residents notified us and we swung into

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