Finance

Despite a slight drop in the monthly Stanbic Purchasing Managers’ Index (PMI) from 57.4 in May to 56.4 in June, Uganda’s private sector remains optimistic as improving customer demand continues …

The Managing Director Uganda Development Bank Limited (UDBL) Patricia Ojangole, has been named Sustainability Leader of the Year 2023 during the Karlsruhe Sustainable Awards ceremony; for the third me in …

There have been public outcries over the alleged unfair taxation in Uganda that has led to closure of some businesses. However, the jigsaw puzzle of who actually pays is still …

Parliament on Thursday passed the Income Amendment Bill and the Foreign Exchange Amendment Bill to pave way for the implementation and operationalization of Islamic banking financial products by commercial banks, …

The Inspectorate of Government (IG) has ordered former Managing Director of the National Social Security Fund (NSSF), Richard Byarugaba and former Director of Finance, Stevens Mwanje to jointly refund 5 …

Recently the East African Community (EAC) Ministers of Finance held budget consultations in Arusha Tanzania and agreed to make some changes in the EAC taxation structure. To make regional industries …

Investors in the foreign exchange business will now be required to have a minimum paid up share capital of Shs200 million to carry out the business of dealing in money …

President Yoweri Museveni has returned the Income Tax Amendment Bill (2023) to Parliament for reconsideration. According to Museveni, the Bill requires a new clause to be incorporated in order to …

Minister of State General Duties, Ministry of Finance Henry Musasizi has revealed by the end of FY 2023/24, Uganda’s Gross Domestic Product – GDP is projected to expand up to …