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 …
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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 …
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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 …
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FinanceIndustry & TradeLatest News
Govt targets $500B economy in 10 years via industrialization, tourism
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 …
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EconomicsLatest NewsNewsTaxation
Uganda’s tax exemptions: a catalyst for growth or financial burden?
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 …
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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 …
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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 …
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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 …
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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 …
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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 …