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URA in partnership with Uganda National Bureau of Standards (UNBS) introduced the Digital Tracking Solution (DTS) as a track & trace platform that sends production and importation data for specific products immediately, to both URA and UNBS. The Digital Tracking Solution involves the stamping of products with a digital stamp. The digital stamps comprise of both; Digital Tax Stamps – for tax purposes (URA) and Conformity Stamps – for safety standards certification (UNBS). The goods gazette to bear digital stamps so far include wines, spirits, water, cigarettes, beer, soda and cement. Talking about the cost of possessing unstamped goods, URA…
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Kampala City Traders Association (KACITA) has lost a case in which it was seeking orders to stop Crane Management Services Limited and 16 other landlords from collecting three months’ rent arrears that accrued when arcades closed during lockdown. The Commercial Division of the High Court dismissed the case citing failure of the traders’ association (KACITA) to prosecute their case. The court also ordered KACITA to pay legal costs incurred by Crane Management Services and the other 16 accused parties. Other accused parties include; Ntake Bakery Limited, Apple Properties Limited, Godfrey Kyeswa, Aponye House Limited, James Mugabi, Drake Lubega, Ham Enterprises…
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Although they are yet to receive a copy of the detailed judgement in which Diamond Trust Bank Uganda, alongside Diamond Trust Kenya, were ordered to pay business man Ham Kiggundu UGX120 billion and an additional interest of UGX9.6 billion, the Uganda Bankers’ Association has released a statement saying they intend to join DTB as an interested party in its appeal at the High Court to determine the case on its merits. The Association is also concerned about the impact of the ruling on the entire banking industry saying that it has sent shockwaves across the industry and stakeholders. The statement…
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Kampala City Traders Association (KACITA) has expressed fear that as much as 54% of the small scale businesses that operated in Kampala and surrounding areas may close due to the impact caused by the coronavirus pandemic. Hope Katwiine, the vice-chairperson of KACITA, an umbrella organization that brings together traders in Kampala, said the majority of their members lost capital when the lockdown was announced. She said others kept spending on water, food, and rent at home when they were not working while those who locked shops found most goods had expired. She told a virtual meeting organized by Non-governmental organisations…
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