It has become increasingly common in Uganda to witness the circulation of individuals’ personal information online or the unwarranted disclosure of private details by others. Such occurrences have led to…
Parliament, on Tuesday approved a government request to borrow up to Euro 110.5 million (about Shs 450 billion) from Standard Chartered Bank to finance the Kitgum-Kidepo Road upgrading project. The…
With immediate effect, mobile money agents throughout the country will begin requesting a valid national identity card from customers before processing transactions exceeding Shs1m on the platform, as per a…
The quarterly Gross Domestic Product (GDP) released by the Uganda Bureau of Statistics (UBOS) for the first quarter of the financial year 2023/24 indicates that Uganda’s economy grew by 5.3%…
Savings and Credit Cooperative Organizations (SACCOs) have been instrumental in positively influencing the lives of a vast number of Ugandans. Notably, SACCOs have significantly mitigated the financial exclusion experienced by…
Informal businesses, prevalent in both developed and developing economies, operate outside formal legal and regulatory frameworks. Typically identified by their lack of registration, absence of tax payments, and use of…
The Monetary Policy Committee (MPC) of Bank of Uganda has today, Monday increased the Central Bank Rate (CBR) to 10.25% from 10%. This highlights the instability of the Ugandan shilling,…
The Ministry of Finance has introduced five new tax Bills to Parliament with the aim of generating enough resources to finance the national budget in the upcoming fiscal year. The…
The National Social Security Fund (NSSF), Uganda’s national savings scheme, has hit Shs. 20 trillion in Assets Under Management, one and a half years ahead of schedule, according to the…
Parliament’s Joint Committee on Trade and Health is scrutinising proposals made in the Alcoholic Drinks Control Bill, 2023. Introduced as a private member’s bill by Tororo District Woman MP Sarah…