URA Enforces Digital Tracking and Invoicing Systems Successfully
By enforcing compliance with the Digital Tracking System (DTS) and the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) in the Kampala Central Business District (CBD), the Uganda Revenue Authority (URA) has successfully collected UGX 6.8 billion within a week.
The Port Pivot in Uganda Portends Difficulties for Kenya’s Oil Sector
According to reports, since October 2023, Kenya has lost $200 million in exports to Uganda, its biggest regional market. This disclosure coincides with a growing controversy over the importation of petroleum products, which jeopardizes not only the two countries’ commercial relations but also large infrastructure expenditures.
Uganda’s Oil and Gas Sector Prepares for Production
The Minister of Energy and Mineral Development, Ruth Nankabirwa, is the conductor of this grand symphony. Her latest briefing revealed a thorough update on important projects, signifying a turning point in the country’s quest for energy riches.
The EACOP Construction Budget Increases to $5 Billion
According to Ruth Nankabirwa, Uganda’s Minister of Energy and Minerals, the East African Crude Oil Pipeline (EACOP) construction cost has increased to $5 billion from the original estimate of $3.5 billion.
Uganda Engages Tanzania for an Alternative Route for Petroleum Imports
In order to investigate the prospect of enabling the state-owned Uganda National Oil Company (Unoc) to route its petroleum imports through Dar es Salaam, the Ugandan government has opened talks with Tanzania. Kenya has been opposing Unoc’s plan, approved by Ugandan legislation, to become the exclusive importer of petroleum products into Uganda since September of […]
Parliament Approves Sh134 Billion in New Funding for Kiira Motors
The Presidential Affairs Committee of Parliament has suggested giving Kiira Motors Corporation (KMC) an extra Sh134.14 billion in funding.
Uganda’s Opposition To Nuclear Weapons
Uganda is steadfast in its commitment to pushing for the non-proliferation of nuclear weapons, according to State Minister for Energy and Mineral Development Mr. Peter Lokeris.
Facebook and The Government are Negotiating to End The Three-Year Ban
Chris Baryomunsi, Minister of Information, Communication, and Technology (ICT) and National Guidance. Dr. Baryomunsi told Ugandans during a conference hosted by the ICT ministry that the Uganda Communications Commission (UCC) is in discussions with Facebook to determine how to resume operations in the nation.
The Hamurwa-Kanungu Road will Be Tarmaced
Additionally, he disclosed that UGX 500 million had been used by the government to fix the damaged portion of the road at “Hakagyezi,” and an additional UGX 3 billion will be used to fix the damaged section of the Kabale-Kisoro road at Hamurwa.
Kampala Traders are Educated About Digital Taxes By URA
The tax expert highlighted that handling EFRIS transactions doesn’t require advanced technology, saying that people can send transactions and receive electronic invoices and receipts using their phones.