Labour Day on 1 May 2020 in Uganda was a public holiday which may have gone unnoticed by many people. At that moment, many people are worried about the Covid-19 itself since it has claimed hundreds of thousands of lives already. The pandemic forced Governments to implement lockdown measures to... Read More
By 24-April-2020, the cumulative Covid-19 confirmed cases in the Eastern Africa region was 1285 but was increasing at 8% per day which is too high. A best case scenario would be a 1% daily increase so that the curve can start to flatten and reach a peak by mid-May 2020.... Read More
It appears that every two weeks, the number of worldwide confirmed Covid-19 cases increases by one million people meaning that virtually every country is experiencing an increase. By end of April 2020, that global number will have exceeded 3000000 going by the statistical trend. Some patients recover (one-in-three), some pass... Read More
Egypt was the first African country to confirm a Covid-19 case on the 14 February 2020. By then, China was on fire with 66358 confirmed cases. By then, United States had 13, Italy 2, Spain 3 to mention but a few countries. The second African country to confirm a case... Read More
There was optimism that the Covid-19 pandemic would ease by end of March 2020 following measures implemented by countries worldwide. These measures included closure of international airports, lockdown of most non-essential movement of people, working from home and social distancing. In the same month of March 2020, China started to... Read More
The investor should not hurry to sell just because the price has fallen. However, selling remains an option. In regard to selected Ugandan equities, Uganda Clays appears to be an outlier with huge swings at both ends of the continuum. Nonetheless, lets pay attention to stocks that had consecutive decline... Read More
The green colored bars (Year-end 2015) show how the share price changed between end of 2014 and end of 2015. Bars to the right of the vertical PURPLE line (the 0% line) imply an increase in the stock price. Those to the left mean reduction in stock price. Most of... Read More
The Institute of Certified Public Accountants of Uganda (“ICPAU) was established in 1992 by an Act of Parliament, now the Accountants Act, 2013. The functions of the Institute, as prescribed by the Accountants Act, are: To regulate and maintain the standard of accountancy in Uganda. To prescribe and regulate the... Read More
What is the objective of IFRS9? The objective of the International Financial Reporting Standard (IFRS9) is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty... Read More
J. Samuel Richards & Associates – one of the approved Uganda tax agents for 2018 Quote from Uganda Revenue Authority (URA) official website (www.ura.go.ug) – “In its maiden vetting meeting, the Tax Agents Registration Committee (TARC) has approved 289 Tax Agents’ applications. Following the approval, the agents will effective January... Read More