Sunday, 8 July 2018

Elly Karuhanga slams Uganda's social media, mobile money taxes

FILE PHOTO: Karuhanga
The Chairman of the DFCU Bank Group Elly Karuhanga has slammed a Uganda government decision to introduce a social media tax and increase mobile money charges, saying they will have a negative impact on the economy.

"I have calculated and found that if government implements the social media tax, it will receive about $100m. After looking at the benefits and be honest with you, if this came to my board, and I compare the fallout, I would cancel the $100m," Karuhanga said.   

Speaking on The Capital Gang on Capital 91.3Fm in Kampala on Saturday, Karuhanga said if it had been up to him, he would not have okayed the move.


Karuhanga, a former Member of Parliament himself, said the decision was a clear case of bad policy, and wondered how the legislators allowed the new law to pass.

Lawyers Annmary Nanfuka, Robert Kirunda and MP Ibrahim Ssemujju were on the lively Saturday show moderated by lawyer-to-be Charles Odongtho, who stepped in for Oskar Semweya-Musoke. Oskar is away in Russia for the World Cup.

The 'gangsters' also commented on commercialization of politics and the ongoing Local Council LC1 elections.

Karuhanga also dismissed social media reports that his DFCU bank is in trouble and said the bank is positioning itself to benefit on several infrastructural projects like hydro-power dans, major roads and oil that will be in place by 2020.

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