Uganda’s 12% interest rate hike threatens growth
Manufacturers are also facing higher distribution costs and additional expenses for running generators when electricity supplies are interrupted
Section
Economy
Growth, budgets, inflation, tax and public policy.
URA offers 100% tax amnesty on interest, penalties
Taxpayers that clear their outstanding principal tax liabilities will be exempted from paying interest and penalties, the Uganda Revenue Authority (URA) has announced.
Building Beyond The Dream: Five Truths For Africa’s Entrepreneurs
Every thriving company you see today began as a fragile idea, exciting but also terrifying. I know this because I’ve lived it. As the eldest daughter in a Ugandan…
World Bank warns Uganda over climate change impacts
Without strong action, climate change could cut Uganda’s economic growth by up to 3.1% by 2050, pushing more than 613,000 people into poverty and turning 12 million more…
African postal body, EABC sign partnership MoU
The East African Business Council (EABC) and Pan African Postal Union (PAPU) have signed a landmark Memorandum of Understanding (MoU) aimed at strengthening cooperation…
Gov’t holds talks with top MTN Group Fintech bosses
MTN Group Fintech Directors are in Uganda for a high-level engagement with regulators and other key stakeholders. The visit highlights Uganda’s central role in the…
Economy on track for 7% growth – Matia Kasaija
Uganda’s economy is projected to grow by at least 7.0% in the Financial Year 2025/26, with expectations of reaching double-digit growth in the medium term as the country…
Shilling maintaining 14-month appreciation trend – BoU
The Bank of Uganda (BoU) has confirmed that the Ugandan Shilling has been on a consistent path of appreciation for the last 14 months, a development attributed to strong…
Central Bank holds key rate steady at 9.75%
The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75%, a move that signals caution and confidence as the country navigates global economic…
Exports, fiscal spending boost business prospects
Uganda’s economy showed continued resilience and growth momentum in May and June 2025, with key high-frequency indicators pointing to sustained improvements in trade…
Uganda’s headline inflation down to 3.8% in July
Uganda’s annual headline inflation has eased to 3.8% in July 2025, down slightly from 3.9% recorded in June, according to the latest figures from the Uganda Bureau of…
15-year Treasury Bond yield shoots to record 17.8%
Uganda’s domestic debt market remained active and resilient in June 2025, with the government raising UGX 1.86 trillion through three auctions of Treasury Bills and…
Exports boom drives economy to UGX226 Trillion
A surge in export earnings and foreign direct investment has propelled Uganda’s economy to new heights, with nominal GDP reaching UGX226.34 trillion ($61.3 billion) in…
Uganda’s kyeyo remittances hit record UGX5 trn in 2024
Uganda received a record $1.4 billion (about UGX 5 trillion) in diaspora remittances in 2024, surpassing traditional foreign exchange earners like tourism and coffee.
Annual tax collections surpass target by UGX262 bn
The Uganda Revenue Authority (URA) has exceeded its revenue collection target for the 2024/25 financial year, registering a surplus of UGX 262.43 billion.
Vulnerable Kanungu pupils get clothing boost
On Saturday, July 5, 2025, what began as a simple call to action; “Everybody Deserves to Be Smart”, turned into a remarkable display of generosity and shared purpose.