💼 Business Uganda
Paraguay's president impeached and under house arrest after bank collapse
Paraguay's President Santiago Peña has been impeached and placed under house arrest after a bank collapse triggered a crisis that left more than half of the country's population without access to their accounts. Peña was arrested on Friday minutes after lawmakers, including from his own party, unanimously voted to remove him from office following the collapse earlier this week of Ueno Bank, which has links to his private business interests. He had offered to step down on Thu…
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Casino Operators Warn 15% Withholding Tax Could Threaten 2,500 Jobs in Uganda
Licensed casino operators in Uganda are urging the Government to reconsider the 15 per cent withholding tax on winnings from land-based casinos, warning that difficulties in implementing the measure could threaten more than 2,500 jobs, household livelihoods and government revenue. Through their umbrella body, the Uganda Gaming Operators Association (UGOA), the operators argue that the tax could increase compliance costs and drive players towards illegal and non-compliant gam…
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KCCA Councillors Convene Special Sitting to Discuss Electoral Concerns and 2027/2028 Budget
Kampala Capital City Authority (KCCA) councillors have convened a special council sitting to deliberate on concerns surrounding the recent general elections, the welfare of special interest group representatives and the authority's proposed budget priorities for the 2027/2028 Financial Year. The special sitting, held in the Council Chambers at City Hall, is chaired by the authority's Deputy Speaker, Olive Namazzi, with several administrative, electoral and financial matters…
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