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…
Uganda has been named and awarded the best investment destination in Africa for attracting some of the most significant Foreign Direct Investment (FDI) projects on the continent in 2023. The…
In the financial year 2024/2025, companies manufacturing electric vehicles, electric batteries, electric vehicle charging equipment, or engaged in the fabrication of electric vehicle frames and bodies, and employing at least…
After four months since EFC Uganda Limited shut down, 24% of depositors whose deposits are under the Shs 10 million insurance limit have not been paid. The Bank of Uganda,…
Uganda’s annual inflation as measured by the Consumer Price Index for the 12 months to April 2024 increased at a slower rate of 3.2 percent compared to 3.3 percent registered…