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    Nandala Mafabi Sues ICPAU in Battle to Regain Accounting Practice License

    URNCompany NewsAugust 10, 2020August 10, 2020

    Budadiri West MP James Nathan Nandala Mafabi has sued the Institute of Certified Accountants of Uganda (ICPAU) for denying him and his company, MTC Associates, a license to practice this…

    Congolese militias Demand UGX 4M to free 10 Ugandan Fishermen

    URNBanking & Financial ServicesAugust 10, 2020

    Congolese militias holding 10 fishermen they kidnapped from Lake Edward in Rukungiri district are demanding for a ransom of UGX4 million to release them. The fishermen were rounded up last…

    Kadaga Directs Energy Minister to explain Suspension of Free Electricity Connections

    URNBanking & Financial ServicesAugust 6, 2020August 6, 2020

    The Speaker of Parliament Rebecca Kadaga on Thursday directed the Minister of Energy and Mineral Development to present a statement regarding the development of halting free electricity connections across the…

    Uganda Earned UGX1.8 Trillion from Coffee in 2019/2020 – Report

    URNBanking & Financial ServicesAugust 6, 2020August 6, 2020

    Uganda’s coffee exports topped 5.1 million bags in the financial year 2019/2020, a 21% jump compared to a year before, the Ministry of Finance has said. Each bag is 60…

    Parliament asks Judiciary to explain UGX 398m Unaccounted for by the Courts

    URNBanking & Financial ServicesAugust 4, 2020

    The Solicitor General Francis Atoke has withdrawn the undersecretary at the Judiciary from a Public Accounts Committee (PAC) session in Parliament over a questionable UGX398 million expenditure. The undersecretary Maureen…

    URA to Waive Penalties for Taxpayers Who Do Voluntary Disclosure

    URNBanking & Financial ServicesCompany NewsAugust 4, 2020

    Uganda Revenue Authority – URA says it will waive penalties for taxpayers who will come out to voluntarily declare the taxes that they were supposed to pay but didn’t pay…

    Ugandans Hold UGX 8.5 Trillion in Fixed Deposits – BOU

    URNBanking & Financial ServicesAugust 3, 2020August 3, 2020

    Ugandans have stashed record amounts of cash in banks, an indicator Ugandans feared to spend their money with the coronavirus uncertainty still hovering around. Bank of Uganda data shows that…

    Nandala Loses ICPAU Council Vote, Faces Off With Institute over License Renewal

    URNBanking & Financial ServicesJuly 31, 2020

    Budadiri West MP Nandala Mafabi has lost a vote to become a council member of the Institute of Certified Public Accountants of Uganda (ICPAU) on the technicality that his 2020…

    Transport Costs Increase by 47% in July – UBOS report

    URNBanking & Financial ServicesJuly 31, 2020July 31, 2020

    Ugandans paid the highest to move in July compared to the same month last year, thanks to Coronavirus (COVID-19) pandemic restrictions on passenger numbers in cars, Uganda Bureau of Statistics…

    Silverback Rafiki’s Killer Gets 11-year Jail Sentence

    URNBanking & Financial ServicesJuly 30, 2020July 30, 2020

    A man who killed one of Uganda’s silverback Mountain Gorilla, Rafiki, in a hunting escapade will spend 11-years in jail after pleading guilty to the charges. Rafiki, a member of…

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