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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Global Disruption: Airlines, Banks & Stock Market Hit by Microsoft Outage
Microsoft has experienced a global outage that had far-reaching implications, triggering a cascade of disruptions that have severely impacted air travel worldwide. This outage has not only grounded flights and …
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Typically, when a Ugandan woman applies for a loan to start or sustain a small business, chances are the door will be figuratively slammed in her face with the word …
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Banking & SavingsFinanceLatest NewsNews
Dfcu Limited Announces 6.8 Billion Shilling Dividend Payout to Shareholders
Dfcu Bank has announced a significant dividend payout, totaling 6.8 billion shillings to its shareholders for the financial year ended December 31, 2023. This announcement was made during the bank’s …
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FeaturesLatest NewsNewsTaxation
President Museveni creates a new unit to oversee URA operations and fight corruption within the Tax Administration System.
His Excellency Yoweri Kaguta Museveni, the President of the Republic of Uganda, has created the State House Revenue Intelligence and Strategic Operations Unit. The primary mission of this unit will …
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Banking & SavingsFeaturesLatest NewsNews
Stanbic donates maternal healthcare equipment to Naguru Hospital
Stanbic Uganda Holdings Limited (SUHL) has donated vital medical equipment and consumables worth UGX 30 million to the maternity ward of Naguru Hospital, also known as China-Uganda Friendship Hospital. The …
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Banking & SavingsFeaturesFinanceLatest NewsNews
Dfcu bank celebrates 60 years of financial leadership.
Dfcu Bank marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses. The Diamond anniversary …
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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 …