Uganda has taken a significant step in securing its energy independence with the arrival of its first oil consignment imported directly by the Uganda National Oil Company (UNOC) from the …
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The Uganda Revenue Authority (URA) is anticipated to fall short of its revenue collection target for the financial year 2023/24, which is nearing its end. The projected domestic revenue for …
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EconomicsFinanceIndustry & TradeLatest NewsNews
Is Uganda’s Middle-Income Status Verified by the 2024 Census?
President Yoweri Museveni has said that the 2024 Uganda population census results, released on Thursday by the Uganda Bureau of Statistics (UBOS) confirm the country’s transition from a low-income country …
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AgricultureEconomicsIndustry & TradeLatest NewsNews
What Uganda’s coffee export surge means for the economy?
Uganda’s coffee exports experienced a significant 22% surge in May 2024, totaling 553,529 60-kilo bags and generating USD 127.30 million. This comprised of 473,693 bags of Robusta valued at USD …
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The government has significantly increased its annual budget allocation for the oil and gas sector in anticipation of the country’s first oil production, which is set to begin by the …
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Latest NewsNewsTaxation
How Kenya’s excise duty removal on eggs, onions will impact Uganda, EAC farmers
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, …
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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 …
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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, …
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EconomicsIndustry & TradeLatest News
Has Uganda’s economy bounced back from COVID-19 & other crises?
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 …
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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 …