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Power costs in the island districts of Kalangala and Buvuma will significantly drop as islands get connected to the national power grid, says power regulator, the Electricity Regulatory Authority (ERA). …

Inflation is the general increase in the prices of goods and services in the country. It is typically measured by an annual percentage change in the price index such as …

The Bretton Woods institutions, namely the International Monetary Fund (IMF) and the World Bank, have historically provided financial assistance to countries in the global south, including Uganda and members of …

In a press briefing on Monday, January 29, 2024, Ramathan Ggoobi, the Permanent Secretary/Secretary to the Treasury, unveiled a robust update on Uganda’s economic performance and the fiscal trajectory for …

Government will soon finalise the strategy to expand Uganda’s GDP ten times from the current $50 billion (FY 2023/24) to US$ 500 billion within a decade, starting FY 2024/2025, driven …

Uganda imports its petroleum with over 90% through Mombasa port in Kenya supplemented by small imports via Dar es Salaam port in Tanzania. However, this is on the verge of …

The Deposit Protection Fund of Uganda (DPF), a government agency that provides deposit insurance to customers of deposit-taking institutions licensed by Bank of Uganda has initiated the process of refunding …

Uganda’s main electricity distribution company, Umeme Limited is investing USD 35 million approximately 130 billion despite its concession coming to an end in 2025. In 2022, government notified Umeme that …

By Immaculate Wanyenze The Real estate is one of the fastest growing sectors yet less taxed. However, in the recent past, Kampala traders have continued to petition government on landlords …