On June 4, 2024, the Bank of Uganda’s Monetary Policy Committee (MPC) maintained the Central Bank Rate at 10.25%. Despite a rise in headline inflation to 3.6% in May, driven …
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Banking & SavingsIndustry & TradeLatest News
Why Ugandans are Embracing SACCOs: Best Practices and Pitfalls to Avoid
Savings and Credit Cooperative Organizations (SACCOs) are rapidly gaining popularity across various Ugandan communities. In almost all communities you visit today, there is an operational SACCO, whether at the church, …
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EnergyIndustry & TradeLatest News
Energy investment, Uganda’s preparedness to modern, sustainable renewable sources of energy, the future and opportunities ahead
Renewable energy refers to energy sources that are naturally replenished on a human timescale and are derived from natural processes. Unlike fossil fuels, which are finite and can be depleted, …
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Last year, in April, the Anti-Counterfeit Authority of Kenya (ACA) and Uganda’s Anti-Counterfeit Network (ACN Africa) teamed up to combat counterfeits in the East African region. They signed a Memorandum …
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FeaturesLatest NewsTaxation
ATAF Releases Guide for Implementing Voluntary Disclosure Programme, Offering Crucial Insights and Guidance to African Tax Administrations
As African nations grapple with the imperative to enhance revenue generation, the African Tax Administration Forum (ATAF) unveils its latest guide, providing comprehensive guidance on implementing Voluntary Disclosure Programmes (VDPs). …
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FeaturesIndustry & TradeLatest NewsNational News
NDPIV to provide 885,000 jobs annually over the 5 year implementation period
The Minister of State for Planning, Hon. Amos Lugoloobi, has revealed that on 26 March 2024, the Cabinet approved the Strategic Direction for the fourth National Development Plan (NDPIV) that …
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By Ian Rumanyika The relationship between the private sector and public sector is a non-negotiable connection that ties policies, fosters innovation, and drives economic prosperity. According to the World Bank, …
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Banking & SavingsFeaturesIndustry & TradeLatest News
Driving Growth Through Enhanced Customer Relations: dfcu Bank Initiates Comprehensive Customer Engagement Program.
On the official commemoration of it’s 60th year oof existence and operation in Uganda, dfcu Bank’s Chief Executive Officer, Charles Mudiwa, noted that the Bank’s success over the last decades …
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EconomicsLatest NewsNewsTaxation
Uganda’s tax exemptions: a catalyst for growth or financial burden?
Tax exemptions are a common fiscal tool used by governments worldwide to stimulate economic activity, attract investment, and boost key sectors especially those that drive the economy. In Uganda, this …
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Uganda grapples with high levels of unemployment and slow economic growth. This was exacerbated by the outbreak of the COVID-19 pandemic which caused massive job layoffs across all sectors and …