By Hellenah Niwasiima Uganda, with its youthful population and burgeoning entrepreneurial spirit, stands as a beacon of potential in East Africa. However, to harness this potential fully, the country needed …
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As at the end of December 2023, Uganda’s total public debt stood at Shs93.38 trillion, equivalent to USD 24.69 billion. Of this amount, external debt was Shs55.37 trillion equivalent to …
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Uganda’s economy has fully recovered from various shocks, crises, and “false alarms” that brought it to its knees, the Finance Ministry has announced. “You recall that when Covid-19 happened, leaders …
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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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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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Uganda’s annual inflation as measured by the Consumer Price Index (CPI) for the 12 months to May 2024 increased to 3.6 percent compared to 3.2 percent registered in the year …
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EconomicsFinanceIndustry & TradeLatest News
How businesses can navigate financing landscape amidst high interest rates
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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Theme: Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access. Delivered By Matia Kasaija (MP) Minister of Finance, Planning and Economic …