In a report presented to Parliament in January 2025, the Auditor General of Uganda, Edward Akol, revealed that the country loses approximately UGX 11 trillion annually due to illegal gold exports.
The auditor general’s report further uncovered...
A lesson was learnt in the year 1998 when then-former first lady of Nigeria, Mariam Abacha, was arrested with 38 suitcases stuffed with 100-dollar bills at Nigerian Airport trying to take it out of the country...
Despite a recent report disclosing that Uganda has lost over UGX 12 trillion in the past five years through similar tax waivers, the government asked the Parliament of Uganda to exempt eight companies and individuals from paying taxes worth UGX 13.391 billion due to various reasons like COVID-19 effects that affected businesses, and ill health.