The Prism Uganda

The Prism Uganda We bring you the best curated and crafted news covered from all corners and both local and international news

New post added at The Prism Uganda - Mathew Kanyamunyu released!
12/04/2024

New post added at The Prism Uganda - Mathew Kanyamunyu released!

Matthew Kanyamunyu, a Kampala businessman, has been released from prison after serving a reduced sentence for the fatal shooting of child rights activist Kenneth Akena in 2016. Initially sentenced to five years and one month, Kanyamunyu served three years and five months with remission. Convicted of...

New post added at The Prism Uganda - Equity Bank UGX65 Billion Fraud Investigation: Former Executive Director Kenneth On...
11/04/2024

New post added at The Prism Uganda - Equity Bank UGX65 Billion Fraud Investigation: Former Executive Director Kenneth Onyango Arrested Following Resignation; Ex-CEO Samuel Kirubi Faces Scrutiny

The ongoing investigation into a significant UGX65 billion fraud at Equity Bank takes a new turn with the resignation and subsequent arrest of Kenneth Onyango, the former Executive Director for Commercial Banking. This development sheds light on the complex deception within the financial institution...

Uganda Revenue Authority Clarifies EFRIS Implementation Amid Trader Protests
09/04/2024

Uganda Revenue Authority Clarifies EFRIS Implementation Amid Trader Protests

The Uganda Revenue Authority (URA) has clarified that the Electronic Fiscal Reporting and Invoicing Solution (EFRIS) serves as a digital platform facilitating the direct transfer of value-added tax (VAT) billing information between businesses and the URA, emphasizing that it is not a tax in itself.....

Kampala Traders Seek Relief, Petition Opposition Leader Against Tax Burdens
09/04/2024

Kampala Traders Seek Relief, Petition Opposition Leader Against Tax Burdens

Traders represented by the Kampala City Trader’s Association (KACITA) have lodged a petition with the Opposition Leader of Parliament, citing exorbitant taxes linked to the Electronic Fiscal Receipting and Invoicing Solution (EFRIS). Thaddeus Musoke Nagenda, chairperson of KACITA, along with execu...

Finance Minister Musasizi Defends Tax Measures Amidst Parliamentary Scrutiny
09/04/2024

Finance Minister Musasizi Defends Tax Measures Amidst Parliamentary Scrutiny

The proposal to impose a 0.5% levy on cash withdrawals from agent banking was also defended by the Ministry of Finance. Musasizi explained that this measure intends to broaden the scope of money withdrawal services, ensuring equitable tax treatment for similar services.

Kabaka Ronald Mutebi Advocates for Fair Taxation System in Eid Communication
09/04/2024

Kabaka Ronald Mutebi Advocates for Fair Taxation System in Eid Communication

In his Eid El-Fitr 2024 message, the Kabaka recognized the citizens' duty to pay taxes but emphasized the need for improved communication and coordination between taxpayers and collectors

New post added at The Prism Uganda - UBA Responds to Fraud Allegations
09/04/2024

New post added at The Prism Uganda - UBA Responds to Fraud Allegations

Recent reports circulating online have accused United Bank for Africa Uganda Ltd (UBA) of fraudulent activities resulting in the loss of funds belonging to one of its clients. The allegations, claiming a substantial amount of $250,000 (Shs965 million) missing from an unidentified client's account, h...

New post added at The Prism Uganda - Traders in downtown Kampala close shops in protest over ‘unfair’ taxes
09/04/2024

New post added at The Prism Uganda - Traders in downtown Kampala close shops in protest over ‘unfair’ taxes

Several traders in Kikuubo and other areas in downtown Kampala on Monday did not open their shops in protest against what they describe as unfair taxes imposed by the government as well as growing competition from Chinese businessmen. Some of the traders who spoke to Kikubolane said they are protest...

Trade Ministry Clarifies: No Slapping in Scuffle Between PS Ssali & Senior Lawyer
08/04/2024

Trade Ministry Clarifies: No Slapping in Scuffle Between PS Ssali & Senior Lawyer

management refutes claims of physical altercation or slapping, asserting that such allegations are unfounded. Media reports, including those from New Vision, have been criticized for sensationalism and inaccuracies

Bank of Uganda Raises Central Bank Rate to 10.25% to Counter Inflation Risks
08/04/2024

Bank of Uganda Raises Central Bank Rate to 10.25% to Counter Inflation Risks

The decrease in headline inflation was primarily attributed to a reduction in food crop inflation, which declined to -0.4% from 0.5%.

Opposition Leaders Condemn Government's Tax Proposals Amidst Service Delivery Concerns
08/04/2024

Opposition Leaders Condemn Government's Tax Proposals Amidst Service Delivery Concerns

Ssenyonyi emphasized that the Opposition's alternative budget transcends mere financial planning; it underscores the Opposition's dedication to bolstering communities through effective service delivery and outlines a vision for the nation

Uganda's Participation in Human Rights Meetings Blocked After Closure of UN High Commission Office
08/04/2024

Uganda's Participation in Human Rights Meetings Blocked After Closure of UN High Commission Office

It has been revealed that Geneva is dissatisfied with Uganda's human rights record, which has reportedly worsened during Wangadya's tenure

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