In May 2025, the government recorded a fiscal deficit of sh3.148 trillion, exceeding the projected deficit of sh2.372 trillion for the month. This wider gap between revenue and expenditure was …
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EconomicsEnergyFinanceIndustry & TradeLatest NewsNewsSpecial Reports
Uganda’s Economy Grows by 6.3% Â
Preliminary data from the Uganda Bureau of Statistics (UBOS) reveals that the size of Uganda’s economy expanded to sh226.344 trillion in the fiscal year 2024/25, up from sh203.708 trillion recorded …
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Banking & SavingsEconomicsFinanceLatest NewsNews
Ugandan Shilling Gains Ground as Yields and Credit Uptake Rise
The Ugandan Shilling posted a modest appreciation against the US Dollar ($) in May 2025, underpinned by sustained inflows from coffee exports, remittances, portfolio investments, and Non-Governmental Organizations (NGOs) activities. …
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Small and Medium Enterprises (SMEs) are the heartbeat of Uganda’s economy. They contribute over 20% to the country’s GDP and employ nearly 90% of the workforce within the private sector. …
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FinanceIndustry & TradeLatest NewsNational NewsNewsTaxation
How URA Is securing Uganda’s borders and markets from smugglers
Uganda Revenue Authority (URA) has intensified nationwide enforcement operations, targeting an alarming rise in illegal trade activities. Over the past three months, URA teams have intercepted thousands of kilogrammes of …
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Industry & TradeLatest NewsNews
Kenya’s Political Unrest Raises Trade and Business Fears in Uganda
The recent wave of political protests in Kenya, sparked by the controversial death of blogger Albert Ojwang while in police custody, is raising deep concerns among Uganda’s business community and …
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As Uganda sees a growing number of customs agents entering the clearing and forwarding sector, the Uganda Revenue Authority (URA) has issued a strong warning against rising corruption and fraud. …
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FinanceLatest NewsNewsRegional News
Inside Buganda’s 2025/26 sh305b Budget: Priorities and Promises Unveiled
Buganda Kingdom recently officially presented its budget for the 2025/26 financial year, setting its expenditure at Shs305 billion. This represents a significant increase from the previous year’s Shs 257 billion …
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Latest NewsNewsTourismWomen In Leadership
UTB Welcomes New CEO: A New Vision and Bold Promises for Uganda’s Tourism Sector
Uganda’s tourism sector welcomes new leadership as Juliana Kagwa begins her role as UTB CEO on June 16, 2025. Her appointment marks a fresh start for the tourism body, with …
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Uganda has been listed among 36 countries under review by the United States government for a possible expansion of visa restrictions. The proposed policy shift, currently being evaluated by the …