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Ugandans still waiting for  Covid-19 stimulus package

Ugandans still waiting for  Covid-19 stimulus package Monday March 01 2021 KAMPALA- Businesses that were supposed to benefit from the government stimulus package from the Uganda Development Bank have not received any money. In June 2020, government announced that small and medium size enterprises in agro processing, manufacturing and tourism sectors would receive about Shs1 trillion to support them during the lockdown.  The money was supposed to be channelled to eligible beneficiaries through the Uganda Development Bank (UDB).  However, many businesses have never received the money. In January, UDB said it had disbursed up to Shs242b to vital sectors of the economy in 2020.  

Kampala traders petition govt over taxes on textiles

Daily Monitor Friday February 26 2021 Kacita has petitioned the ministries of Finance, Trade, and commissioner general of Uganda Revenue Authority to rescind the new tax policy, saying it has increased the cost of importation of textile products Summary Under the new policy, the tax rates of textiles were increased to 35 per cent as import duty from 25 per cent, and to $5 per kilo on the imported textile materials. Advertisement The Kampala City Traders’ Association (Kacita) has petitioned the ministries of Finance, Trade, and commissioner general of Uganda Revenue Authority to rescind the new tax policy, saying it has increased the cost of importation of textile products.

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