By Christopher KiizaMany governments around the world enforce formalization of businesses to increase revenue collections and enhance fiscal sustainability. This strategy aims to broaden the tax base by integrating informal…
Uganda plans to construct an oil refinery capable of processing 60,000 barrels of oil per day in Kabaale, Buseruka Sub-County in Hoima District. The project encompasses several components, including the…
NTBs refer to any obstacles to international trade that are not import or export duties. NTBs may take the form of import quotas, subsidies, customs delays, technical barriers, or other…
Uganda has bilateral agreements with neighboring East African countries to both sell and purchase electricity. Initially, Uganda’s power trading was limited to Kenya due to the two countries’ interconnection, but…
Uganda has ranked the highest growing financial market in East Africa, and maintained the fourth position on the African continent, according to the latest Absa Africa Financial Markets Index (AFMI)…
Power costs in the island districts of Kalangala and Buvuma will significantly drop as islands get connected to the national power grid, says power regulator, the Electricity Regulatory Authority (ERA).…
Inflation is the general increase in the prices of goods and services in the country. It is typically measured by an annual percentage change in the price index such as…
The Bretton Woods institutions, namely the International Monetary Fund (IMF) and the World Bank, have historically provided financial assistance to countries in the global south, including Uganda and members of…
Government will soon finalise the strategy to expand Uganda’s GDP ten times from the current $50 billion (FY 2023/24) to US$ 500 billion within a decade, starting FY 2024/2025, driven…
Uganda imports its petroleum with over 90% through Mombasa port in Kenya supplemented by small imports via Dar es Salaam port in Tanzania. However, this is on the verge of…