The Big Story

MTN Uganda loses USD14.4 million license case against regulator

Ephraim KasoziLegal & JusticeThe Big StoryApril 26, 2021April 26, 2021

Telecom firm, MTN Uganda Limited has lost a High Court legal battle in which it was challenging the payment of $14, 140,030 (about Shs50billion) as license fees for the three-year…

This is why the Private Sector Tourism Players, Should Attend and Participate in the Virtual POATE 2021

CEO ReporterThe Big StoryThought LeadershipApril 26, 2021April 26, 2021

By Amos Wekesa Uganda Tourism Board (UTB), Uganda’s tourism regulatory and marketing agency, will from tomorrow April 27th to 29th host the 6th Edition of the Pearl of Africa Tourism…

CHANGE OF PLAN: Govt Withdraws Annual License Measure on Private Vehicles, Introduces UGX100 per Litre of fuel

Thembo Kahungu MisairiThe Big StoryApril 23, 2021April 23, 2021

After facing a backlash from Ugandans over plans to introduce an annual license on privately owned vehicles, government has withdrawn the proposal and replaced it with a UGX100 levy on…

BREAKING: URA Slaps Bobi Wine with UGX337 million Tax Bill

CEO ReporterThe Big StoryApril 22, 2021April 22, 2021

After re-examining Robert Kyagulanyi aka Bobi Wine’s Toyota Land Cruiser V8 Reg. No. UBJ 667F and confirming that it is indeed armored, Uganda Revenue Authority imposed a tax of UGX337…

Parliament Permits UDB to Borrow UGX305.5b as Ojangole Targets More Private Sector led Investments

Thembo Kahungu MisairiBanking & Financial ServicesThe Big StoryApril 22, 2021April 22, 2021

Parliament has approved a motion authorizing the Uganda Development Bank (UDB) to take two loans amounting to $84.8m (UGX305.5b) that will be used to finance operations and extending more credit…

Govt to pay Shs100b in Redeemed Cost for Failure to Evacuate Power for Pader Based Achwa 2 Dam

Thembo Kahungu MisairiThe Big StoryApril 21, 2021April 21, 2021

Failure by the Uganda Electricity Transmission Company Limited (UETCL) to construct a power transmission line to evacuate electricity from the Achwa 2 hydro dam in Pader District, will see government…

ENERGY MINISTER: We are working on curbing skyrocketing electricity tariffs

Thembo Kahungu MisairiThe Big StoryApril 21, 2021April 21, 2021

Energy and Mineral Development Minister Mary Goretti Kitutu has assured the country that her ministry is working with the Electricity Regulatory Authority (ERA) to resolve the issue of fluctuating tariffs…

FORCE OF GOOD: Absa posts UGX41 billion profit, despite restructuring UGX260 bn loans and increased Covid-19 and rebranding costs

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryApril 21, 2021April 21, 2021

Absa Bank Uganda, yesterday, 20th April 2021, released their 2020 annual results, reporting a profit of UGX41 billion and growth in revenue to UGX316 billion. This is Mumba Kalifungwa’s first…

Demand taxes from Illegal Holders of Departed Asian Properties, Custodian Board to URA

Thembo Kahungu MisairiThe Big StoryApril 20, 2021April 20, 2021

The Departed Asians Properties’ Custodian Board (DAPCB) has called on the Uganda Revenue Authority (URA) to interest itself in finding out where Ugandans who have dubiously acquired or repossessed expropriated…

POATE 2021 is a marketplace for key players in the tourism sector, to meet, share profile and close deals – UTB’s Lilly Ajarova

CEO ReporterThe Big StoryApril 20, 2021April 20, 2021

Uganda Tourism Board (UTB) is set to hold the first-ever Virtual Pearl of Africa Tourism Expo. The 3-day event is scheduled to take place on 27th – 29th April 2021…