MPs seek clarity on banking restrictions facing ‘politically exposed persons’ after they leave office

William Lwanga2 weeks ago04 mins

Deputy Speaker Thomas Tayebwa has asked the government to clarify how banks should treat former politicians and other politically exposed persons who have left public office, amid complaints that some are struggling to access financial services. Tayebwa raised the matter during plenary at Parliament after saying he had received complaints from former legislators and ministers…

Fresh Cuts, other companies seek billions in tax waivers as Parliament scrutinises relief plan

William Lwanga2 months ago04 mins

Several local companies and institutions are seeking tax waivers running into billions of shillings, citing financial difficulties, declining revenues, loss of major contracts and growing debts. The requests are being considered as Parliament examines the government’s proposed framework for deciding which taxpayers facing financial difficulties should qualify for tax relief. Among the applicants is the…