Kenya has proposed to eliminate the excise duty on eggs, potatoes, and onions originating from the East African Community (EAC). This proposal follows discussions held during a meeting in May,…
MTN Uganda has assured investors that MTN mobile money remains a part of the publicly listed company. It highlighted that new investors who acquired shares during the secondary offer that…
In exercise of its powers under Sections 99 and 17 (b) & (f) of the Financial Institutions Act, 2004, as amended, the Bank of Uganda has effective today, June 18,…
After four years of grappling with the economic shocks caused by COVID-19 pandemic and other crises, Uganda’s economy is on path to recovery. The pandemic severely disrupted key sectors such…
The World Bank’s latest Global Economic Prospects report has revealed that the global economy is projected to stabilize in 2024 for the first time in three years, though this stability…
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…