Stephen Kafeero

South Africa

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Articles

How charges crippled MTK

Jun 8, 2024 | monitor.co.ug | Stephen Kafeero

Throughout his more than five-decade-long career, Francis Xavier Kitaka operated largely under the radar, steering a prosperous pharmaceutical enterprise among other businesses. However, a fateful business transaction with the government would catalyse a chain of events, culminating in charges, his untimely demise, and the subsequent erosion of his assets, leaving behind mounting debt and a tarnished legacy.
Lawyers challenge URA on imported cars’ taxes

May 25, 2024 | monitor.co.ug | Stephen Kafeero

What you need to know:A source at the court registry told Monitor that although URA filed an appeal notice, the taxman has never filed an appeal or secured a stay order. A team of lawyers has challenged the Uganda Revenue Authority (URA) over failure to abide by a 2023 Court of Appeal ruling that directed the taxman to have imported motor vehicles valued using the transaction value method instead of the fallback method.
How govt will finance Shs72 trillion Budget

May 17, 2024 | monitor.co.ug | Arthur Wadero |Stephen Kafeero

The government will look at six areas as sources of funds for its fiscal year (FY) 2024/2025 Budget, the Finance Ministry has told lawmakers. The House learned during a marathon plenary session on Thursday that the vast bulk of the Shs72.1 trillion budget will be financed by proceeds from the taxman. The Uganda Revenue Authority (URA) has been tasked with collecting just shy of Shs32 trillion.
IGG: I’m looking into Among case

May 11, 2024 | monitor.co.ug | Stephen Kafeero

The Inspector General of Government (IGG) has revealed that an inquest into the goings-on that culminated in the United Kingdom (UK) sanctioning Parliament Speaker Anita Among has commenced. “I have received the President’s letter and have started compiling the information that the President asked of me,” ombudsman Beti Kamya tersely told this publication on Friday night.
Property dealer shot at by police petitions Museveni

May 3, 2024 | monitor.co.ug | Stephen Kafeero

On November 14, 2022, two police officers shot six times at Cranimer Sseviiri’s car, leaving him severely injured. As a result, Mr Sseviiri lost many bodily functions, including the ability to walk without support. He presently passes urine with the aid of two catheters, is unable to execute conjugal obligations, and is in need of a kidney transplant from India. The incident also left Mr Sseviiri’s intestines and kidney severely injured.
Govt issues new rules to address land fraud

May 3, 2024 | monitor.co.ug | Stephen Kafeero

A raft of new guidelines in the land sector will come into force as part of efforts to combat widespread fraud in the sector. The government hopes the guidelines will firmly draw a line in the sand as it looks to tackle long-standing issues that have blighted the country’s land regime. One of the prevalent forms of land-related fraud involves the issuance of multiple titles for the same piece of land.
BoU issues new rules for mobile money transactions

Apr 18, 2024 | monitor.co.ug | Stephen Kafeero

Mobile money agents across the country will, with immediate effect, start demanding a valid identity card before a customer transacts more than Shs1m on the platform, according to a new directive by the Bank of Uganda (BoU). The directive to all mobile money service providers includes deposits and withdraw transactions.
Uganda’s Frank Mugisha named one of Time’s ‘100 Most Influential People of 2024’

Apr 18, 2024 | monitor.co.ug | Stephen Kafeero

Time Magazine has named Ugandan rights activist Frank Mugisha as one of the “100 Most Influential Figures of 2024”. Mugisha is currently a fellow at Columbia University’s Institute of Global Politics. The list revealed on Wednesday, features figures from different countries and categories, including innovators, titans and leaders. "Honoured to be included in the 2024 #TIME100 list. Grateful for the recognition and inspired to continue making a positive impact," he said.
Uganda's Frank Mugisha named one of Time's '100 Most Influential People of 2024'

Apr 17, 2024 | htsyndication.com | Stephen Kafeero

Uganda, April 18 -- Time Magazine has named Ugandan rights activist Frank Mugisha as one of the "100 Most Influential Figures of 2024". Mugisha is currently a fellow at Columbia University's Institute of Global Politics. The list revealed on Wednesday, features figures from different countries and categories, including innovators, titans and leaders. "Honoured to be included in the 2024 #TIME100 list. Grateful for the recognition and inspired to continue making a positive impact," he said.
Banks on edge over govt plan to tax loans

Apr 16, 2024 | monitor.co.ug | Stephen Kafeero

The proposed tax on recipients of proceeds from auction has divided opinions and threatens to escalate the costs associated with raising capital and loan recovery. This proposal could also significantly hamper business operations within the country, particularly for those relying on loans obtained through banks and other financial institutions. The proposed amendment will also heighten the tax compliance responsibilities of banks.