How escalating transport costs hit other sectors
Uganda’s annual inflation as measured by the Consumer Price Index (CPI) for the 12 months to May 2024 increased to 3.6 percent compared to 3.2 percent registered in the year…
Uganda’s annual inflation as measured by the Consumer Price Index (CPI) for the 12 months to May 2024 increased to 3.6 percent compared to 3.2 percent registered in the year…
The high cost of borrowing significantly affects many Ugandan businesses, presenting substantial challenges to their operations and growth. High interest rates increase the expense of securing capital, complicating efforts to…
Finance Minister, Matia Kasaija on Thursday read to the country the unprecedented 72.1 trillion shillings budget for the 2024/25 financial year. This is the biggest budget in Uganda’s history. Kasaija…
Uganda’s business landscape is marked by a blend of optimism and challenges. While many entrepreneurs and investors have decried the skyrocketing cost of doing business, the government shows a positive…
In January 2024, President Yoweri Museveni announced that government was drafting a strategy to expand Uganda’s Gross Domestic Product (GDP) ten times from USD 50 billion (financial year 2023/24) to…
Tax exemptions are a common fiscal tool used by governments worldwide to stimulate economic activity, attract investment, and boost key sectors especially those that drive the economy. In Uganda, this…
Uganda grapples with high levels of unemployment and slow economic growth. This was exacerbated by the outbreak of the COVID-19 pandemic which caused massive job layoffs across all sectors and…
Uganda and Kenya have signed a tripartite agreement on the importation and transit of petroleum products through the two countries. The deal was signed on Thursday, May 16, 2024, during…
Parliament on Thursday approved an unprecedented budget of 72.1 trillion shillings for the 2024/25 financial year, marking a significant 32% increase from the 54 trillion shillings initially proposed in the…
Uganda and Kenya have come to a mutual agreement to eliminate tariff and non-tariff barriers that have been escalating the cost of trade between the two nations. This strategic decision…