Recently the East African Community (EAC) Ministers of Finance held budget consultations in Arusha Tanzania and agreed to make some changes in the EAC taxation structure. To make regional industries…
Investors in the foreign exchange business will now be required to have a minimum paid up share capital of Shs200 million to carry out the business of dealing in money…
The Government has outlined Parish Development Model (PDM) as one of its development objectives for the 2023/24 financial year. PDM which is a Government poverty eradication and job creation programme,…
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The Governments of Uganda and South Sudan have signed a Power Sales Agreement (PSA) to boost power trade between the two countries and bring socio-economic development to the border towns…
President Yoweri Museveni has returned the Income Tax Amendment Bill (2023) to Parliament for reconsideration. According to Museveni, the Bill requires a new clause to be incorporated in order to…
Uganda Airlines has appointed Indian Travel company Minar Travels (India) Pvt. Ltd. as its General Sales Agent in India. As the market GSA, Minar Travels will be supporting the launch…
Minister of State General Duties, Ministry of Finance Henry Musasizi has revealed by the end of FY 2023/24, Uganda’s Gross Domestic Product – GDP is projected to expand up to…
Due to economic hardships and inadequate revenue generation, the government has announced the suspension of foreign travel, limiting it solely to essential official duties in the upcoming fiscal year. This…
President Yoweri Museveni has said he will personally authorise all loans to be borrowed by the government. His decision comes as a result of the country’s escalating debt, which has…