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    Business News Uganda

    Century Bottling’s bid to knock out URA’s UGX 10.2b assessments failed as the Tax Appeals Tribunal ruled new audit facts allowed late claims for 2013–2019. It also rejected “parallel assessment” arguments and upheld reverse-charge VAT on separately invoiced Krones services (about UGX 364m). Other tax issues remain pending for now.

    Tribunal Backs URA in UGX 10.2 Billion Century Bottling Tax Fight

    CEO East Africa MagazineThe Big StoryDecember 4, 2025December 4, 2025

    Century Bottling Company Limited walked into the Tax Appeals Tribunal hoping to end a costly dispute before it truly began. The Coca-Cola bottler was facing a fresh set of tax…

    The Tax Appeals Tribunal backs URA in Nile Breweries export row, finding Kabaco and Ituri were buyers, not agents. Beer sold locally then exported, triggering VAT and excise; assessments upheld.

    The Nile Breweries-URA UGX 18.5 Billion Fight: When ‘Export’ Became the Battleground That NBL Eventually Lost

    CEO East Africa MagazineThe Big StoryDecember 4, 2025December 4, 2025

    On paper, it looked like a clean regional trade story: a Ugandan manufacturer producing beer for thirsty markets in South Sudan and DR Congo, using local distributors to move product…

    Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 245 Billion (UGX 6.6 Trillion) Deal

    Paul MurungiCompany NewsEast AfricaThe Big StoryDecember 4, 2025December 4, 2025

    Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 241 billion (UGX 6.5 Trillion Deal) The Kenyan government Kenya has officially begun the process of selling a 15…

    Beyond the Balance Sheet: How Uganda’s Top CFOs Are Forging Legacy Through Purpose, People, and Unwavering Integrity

    Paul MurungiBanking & InsuranceFinanceThe Big StoryDecember 3, 2025December 5, 2025

    Eight finance professionals won ten awards at the 9th edition of the Chief Financial Officer (CFO) Awards 2025 with Peter Ssenyange, CFO, Pearl Bank Uganda Limited emerging the overall CFO…

    Under Don Wanyama, Vision Group has accelerated long-overdue digital transformation through the launch of an in-house digital paywall, the rollout of Vision e-Shop and a courier tracking system, the creation of the Vision Group Analytics Dashboard (VGAD), and the automation of HR, asset, and administrative processes.

    Despite a UGX 25 Billion Government Lifeline, Don Wanyama’s Vision Group Remains Deeply Troubled

    CEO East Africa MagazineThe Big StoryDecember 1, 2025December 1, 2025

    Despite a UGX25 billion shot in the wallet by government, Vision Group, the state majority-owned media house (government owns 53.3%), is still fishing in troubled waters, the just-published Annual Report…

    Ambrose Kibuuka, CEO of ICEA Lion General, says Uganda’s insurance growth will come from disciplined underwriting, tech-driven innovation, and winning trust by bringing the uninsured majority, especially the informal sector, into coverage.

    ICEA’s Ambrose Kibuuka on insurance mergers, e-mobility risks, tech-driven innovations – dominance of general insurance and dealing with low uptake

    CEO East Africa MagazineThe Big StoryNovember 27, 2025November 27, 2025

    In Uganda’s fast-evolving insurance market, questions of trust, innovation, and growth remain central. The insurance industry has been expanding, attracting bigger regional players and new products, but challenges of low…

    A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.

    Absa–Standard Chartered Wealth and Retail Business Acquisition Deal Enters Regulatory Review as Sector Impact Becomes Clear

    Muhereza KyamuteteraThe Big StoryNovember 21, 2025November 21, 2025

    Less than a year after Standard Chartered announced its plan to exit its Wealth and Retail Business (WRB) segment, the long-anticipated transfer to Absa Uganda has entered a decisive phase….

    Uganda has increased its recoverable oil resources to 1.65 billion barrels, strengthening confidence in ongoing oilfield developments and reinforcing the country’s readiness for First Oil as major projects near completion.

    Uganda Raises Recoverable Oil to 1.65 Billion Barrels

    Muhereza KyamuteteraThe Big StoryNovember 20, 2025November 20, 2025

    Uganda’s petroleum sector has recorded a major milestone with new assessments showing a rise in recoverable oil resources from 1.4 billion to 1.65 billion barrels. The announcement was made by…

    URA has begun a nationwide crackdown on undeclared offshore income, using global data-sharing networks to track foreign assets held by Ugandan residents and enforce strict compliance with international tax reporting rules.

    URA Directs Ugandans to Declare Global Income as Foreign Asset Crackdown Begins

    Muhereza KyamuteteraThe Big StoryNovember 20, 2025November 20, 2025

    Uganda Revenue Authority (URA) has launched a sweeping enforcement campaign requiring all Ugandan tax residents with foreign bank accounts, property, or investments to immediately declare their worldwide income and assets,…

    Tatenda Nigel Chinodakufa warns that Africa’s fintech boom faces unprecedented AI-driven fraud, urging continuous, intelligence-powered verification to protect growth in a digital era where even faces can lie.

    When Faces Lie: Tatenda Chinodakufa on Fighting AI Fraud in Africa’s Digital Boom

    Jeff WintersFintechsICTThe Big StoryNovember 16, 2025November 16, 2025

    Tatenda Nigel Chinodakufa is often described as “the man helping Africa’s fintechs grow without stepping on regulatory landmines.” As Regional Business Development Director at Sumsub, a technology firm specializing in…

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    Latest Stories

    • Ugandan enterprises urged to explore regional oil and gas opportunities
      by Brian Emorut
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      by Brian Emorut
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    • Ugandan Enterprises urged to prepare for production-phase opportunities in Oil and Gas
      by Brian Emorut
      December 4, 2025
    • Century Bottling’s bid to knock out URA’s UGX 10.2b assessments failed as the Tax Appeals Tribunal ruled new audit facts allowed late claims for 2013–2019. It also rejected “parallel assessment” arguments and upheld reverse-charge VAT on separately invoiced Krones services (about UGX 364m). Other tax issues remain pending for now.
      Tribunal Backs URA in UGX 10.2 Billion Century Bottling Tax Fight
      by CEO East Africa Magazine
      December 4, 2025
    • The Tax Appeals Tribunal backs URA in Nile Breweries export row, finding Kabaco and Ituri were buyers, not agents. Beer sold locally then exported, triggering VAT and excise; assessments upheld.
      The Nile Breweries-URA UGX 18.5 Billion Fight: When ‘Export’ Became the Battleground That NBL Eventually Lost
      by CEO East Africa Magazine
      December 4, 2025
    • Equity Bank Champions Second Gulu Marathon
      by Brian Emorut
      December 4, 2025
    • Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 245 Billion (UGX 6.6 Trillion) Deal
      by Paul Murungi
      December 4, 2025
    • Pearl Bank CFO Peter Ssenyange (CFO of the Year 2025) on Culture and the Modern Financial Leader’s Purpose 
      by Paul Murungi
      December 4, 2025
    • Companies Rise or Fall on How Well They Renew Their Leaders
      by Guest Writer
      December 4, 2025
    • Uganda’s property market mirrors the macro: steady growth, low inflation and a firm shilling support demand. Urbanisation and new industrial cities spread opportunity, but quality supply remains scarce in 2026.
      The Future of Uganda’s Property Market and Where to Invest in 2026
      by Jeff Winters
      December 4, 2025
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