• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

URSB Moves to Revolutionize Business Landscape with Insolvency Amendment Act 2022

Mourice Muhoozi by Mourice Muhoozi
2 years ago
in Business, National, News
3 0
ShareTweetSendShare

The Uganda Registration Services Bureau (URSB) has launched an electrifying nationwide campaign, setting ablaze the path to glory through the heralded Insolvency Amendment Act 2022 and the gospel of business registration.

A seismic move that has sent shockwaves through the business realm, this campaign, a symphony of enlightenment and empowerment, has cast its net wide, targeting legal luminaries, policy architects, and the very architects of enterprise, all with the singular aim of fortifying, enlightening, and unleashing an era of boundless prosperity!

Thursday saw the heavens themselves bear witness as the URSB convened a conclave of titans, graced by none other than the Resplendent Judge of the Gulu Circuit, Justice George Okello.

He was flanked by the intrepid URSB Deputy Registrar Alex Anganya, the Maestro of Insolvency and Receivership, Robert Mugabe, and the Sentinel of Registration and Compliance, Allan Kakungulu.

The fabled Bomah Hotel in Gulu City played host, beckoning forth over 300 participants, eager to bask in the radiance of this epochal event.

With the eloquence of a sage, Justice Okello declared, “In the flourishing of businesses, all stand to reap the spoils of prosperity!” He thundered, revealing the government’s ambitious gambit: tax incentives as rare as a phoenix, including the valiant waiving of interests and tax grace periods, a veritable lifeboat amidst the tempestuous seas of COVID-19.

Alex Anganya, the beacon of URSB’s hopes, beseeched entrepreneurs to etch their legacies in ink, emphasizing that registration is the gateway to untold riches.

With the fervor of a prophet, he unveiled the government’s masterstroke: a mass business registration project, a bonanza worth over 200 billion shillings, destined to breathe new life into struggling, registered businesses.

But heed this, for it is a revelation of the highest order! Business registration is not the shackle of taxation, but the key to the kingdom of potential, a clarion call from Anganya to shatter the fetters of misconception.

The training, a veritable baptism into the sacred order of the Insolvency Practitioners’ Association, elevated legal luminaries to the echelons of immortality, a brotherhood of guardians poised to reshape the very foundations of commerce.

Allan Kakungulu, the herald of Registration and Compliance, announced a decree from the highest echelons: courses, mandatory training, a symphony of preparation for practitioners to wield the sword of insolvency with unrivaled mastery. The Insolvency Act 2022, a tome of transformation, heralds an era of advertisement before the final bow, an anthem prioritizing creditors, and a bounty of post-arrangement and post-administration financing, a cornucopia of provisions for the virtuosos of dissolution.

And amidst this maelstrom of revelation, a voice rang out, that of Samuel Odonga Otto, a lawyer and luminary in Pader district, whose exclamation echoed the sentiments of many: “This engagement is a revelation! The amendment’s potential was an undiscovered treasure!”

With this audacious campaign, URSB has ignited a conflagration of transformation, anointing businesses with the elixir of resilience and the beacon of knowledge, heralding an era where every entrepreneur ascends to the throne of boundless prosperity.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
ShareTweetSendShare

Related Posts

News

Reason Over Regulation: President Yoweri Museveni Urges Ugandans to Embrace Science and Reason in Natural Resources Management

8th July 2025 at 09:15
Sudhir Ruparelia is the undisputed king of Kampala
Business

Why Sudhir Ruparelia is Ahead of John Bosco Muwonge in the Class of Billionaires

8th July 2025 at 00:42
Community News

Youths back Museveni: Ivan Muluga leads Kaliro youth league to endorse President for 2026-2031

7th July 2025 at 23:01
Next Post
Karamoja Affairs Minister, Dr. Mary Goretti Kitutu

Minister Kitutu's Overseas Travel Imperilled by State Opposition

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1118 shares
    Share 447 Tweet 280
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    44 shares
    Share 18 Tweet 11
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2287 shares
    Share 915 Tweet 572
  • Who is Bosco Muwonge, Uganda’s elusive real estate billionaire?

    29 shares
    Share 12 Tweet 7
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    46 shares
    Share 18 Tweet 12
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Reason Over Regulation: President Yoweri Museveni Urges Ugandans to Embrace Science and Reason in Natural Resources Management

8th July 2025 at 09:15
Sudhir Ruparelia is the undisputed king of Kampala

Why Sudhir Ruparelia is Ahead of John Bosco Muwonge in the Class of Billionaires

8th July 2025 at 00:42

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is the undisputed king of Kampala

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

Reason Over Regulation: President Yoweri Museveni Urges Ugandans to Embrace Science and Reason in Natural Resources Management

8th July 2025 at 09:15
Sudhir Ruparelia is the undisputed king of Kampala

Why Sudhir Ruparelia is Ahead of John Bosco Muwonge in the Class of Billionaires

8th July 2025 at 00:42

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda