Tag: Business

Businesses, mobile money transactions pick up after tax cut

KAMPALA- Business appears to be picking up again at different mobile money transaction points weeks after the tax on withdrawals dropped from 1 percent to 0.5 percent. Cyclone Times  has visited different mobile money points in Kampala and has established that transactions have risen after the telecom companies put into effect the amended Excise Duty […]

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British Airways hacked, over 370,000 customers’ payments data stolen

London (Cyclone Times) – British airways faces it rough, apologizes after realizing on Wednesday that over 380,000 customers’ payments data had been compromised in a period of two weeks. It is alleged that the attack, which caused credit card details of hundreds of thousands of its customers being stolen penetrated through BA’s website (ba.com) and […]

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Kenyan parliament vote to suspend 16% VAT on fuel

Parliament on Wednesday afternoon elected to suspend by two more years the introduction of 16% tax on petroleum products that was to come into effect on Saturday September 1, 2018. The National Assembly has voted to suspend the introduction of 16% petroleum levy for two years. The amendment brought on the finance bill by minority […]

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