Africa is estimated to lose $88 billion annually to illicit financial flows, translating to about sh325 trillion. Of this, Uganda alone is estimated to lose sh2 trillion every year. The …
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The African Tax Administration Forum (ATAF) actively participated in the Fifty-Seventh Session of the Economic Commission for Africa (ECA): Conference of African Ministers of Finance, Planning, and Economic Development. The …
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Banking & SavingsLatest NewsNewsWomen
Empowering Ugandan women through Equity Bank’s Abakyala Ku Ntikko initiative
In Uganda, where nearly 40 percent of small and medium-sized enterprises are owned by women, financial independence remains a challenge. Women face unique obstacles juggling family responsibilities with business management, …
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Banking & SavingsLatest NewsNews
Court Orders Standard Chartered to pay sh50m in damages for failure to disburse a mortgage facility.
The Court ordered Standard Chartered to pay UGX 50,000,000 in damages for failure to disburse a mortgage facility despite the Plaintiffs having met all the requirements. The Court found that …
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Uganda’s economic performance in the month of 2025 presents a mixed picture of both challenges and resilience. Rising inflation, currency depreciation, and a slowdown in private sector activity have raised …
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Uganda’s banking sector has entered a new phase with the appointment of Michael Atingi-Ego as Governor of the Bank of Uganda (BoU) and Professor Augustus Nuwagaba as Deputy Governor. President …
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Banking & SavingsLatest NewsNewsOpinions
Agent Banking the game changer of Islamic Banking in Uganda
The bridge between agency banking and Islamic banking could revolutionize the way banking services are delivered and consumed in Uganda. When Islamic banking was introduced in Uganda, it generated a …
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Running a business is challenging under normal circumstances, but when the economy is struggling, it becomes even more difficult. Businesses face reduced customer spending, rising costs, and uncertainty about the …
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The African Tax Administration Communicators and Tax Journalists Engagement took place from 11-12 February 2025 in Ouagadougou-Burkina Faso. Organized by the African Tax Administration Forum (ATAF) and hosted by the Direction …
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The Chairperson of the African Tax Media Network (ATMEN), Danicius Kaihenneh Sengbeh, has called on African journalists to take a greater interest in tax reporting as a means of contributing …