Out of the 250 who applied, only 100 passed the objective selection process applied.

Uganda’s top midsize firms recognised

Starlines Engineering Limited staff receive the Top 100 award from State minister for Finance Gabriel Ajedra (right) and South African Airways country manager Yogi Birigwa (2nd right) in Kampala on Friday. PHOTO BY STEPHEN WANDERA

In Summary

  • In his key note address to the guests, Mr Gabriel Ajedra, the minister of State for General Duties at the ministry of Finance, said “…for this economy, the high taxation is because we don’t have a wide tax payer base so only a few bear the burden; the high tax regime.”
  • The Insurance Company of East Africa (ICEA) Life Assurance chief executive officer, Mr Jackson Muli, requested for more support from government in terms of tax concessions which is the only way SMEs will grow.

By Jonathan Adengo

Kampala. It was pomp and glamour as the country’s top midsize companies were being crowned at the annual KPMG Top 100 midsize company awards gala dinner.
Out of the 250 who applied, only 100 passed the objective selection process applied.

Starlines Engineers Limited, a construction company with over 15 years’ experience and employing only nine people bagged the accolade for top position in the Top 100 rankings joining Joadah Consult, the 2015 big winners.

Criteria

According to Mr Benson N’dungu, the managing partner KPMG , the awards focus on companies that have an annual turnover of between Shs360 million to Shs25 billion.

“Every year that we have held the Top 100 awards has seen many companies exit the Shs25 billion mark and graduate to the next level,” Mr N’dungu said during the awards dinner at Hotel Africana on Friday.

He added: “The Top 100 will continue with us for 12 months in which period they will be mentored and helped to tackle the bottlenecks identified.” One of the key challenges identified during the survey that was launched last week, was the high tax regime by Uganda Revenue Authority.

In his key note address to the guests, Mr Gabriel Ajedra, the minister of State for General Duties at the ministry of Finance, said “…for this economy, the high taxation is because we don’t have a wide tax payer base so only a few bear the burden; the high tax regime.”

The Insurance Company of East Africa (ICEA) Life Assurance chief executive officer, Mr Jackson Muli, requested for more support from government in terms of tax concessions which is the only way SMEs will grow.