URA exceeds August target by UGX27 billion
The Uganda Revenue Authority (URA) has reported an impressive performance for August, with revenue collections surpassing the set target.
Section
Economy
Growth, budgets, inflation, tax and public policy.
2025/26 budget strategy to focus on four pivotal sectors
The Government is outlining an ambitious strategy for the 2025/2026 fiscal year, aimed at steering the country towards a fully monetized and formalized economy.
Amongi drops Dr. Kimbowa from NSSF Board
Gender, Labour and Social Development Minister Betty Amongi has appointed David Ogong as the new chairperson of the new Board of Directors for the National Social…
Gov’t arrears threaten URA performance
Uganda’s revenue collection is facing a serious threat from the growing backlog of government arrears, which is straining the Uganda Revenue Authority’s (URA) ability to…
UBOS reports rise in August inflation
The Uganda Bureau of Statistics (UBOS) has released the Consumer Price Indices and Inflation report for August 2024, highlighting a slight increase in monthly inflation…
Optimism as Central Bank cuts key rate to 10%
The Bank of Uganda (BoU) has slashed the Central Bank Rate (CBR) by 25 basis points to 10%, a development that experts say would have significant implications for the…
Inflation hits highest level in 12 months
High cabbage, fish and Irish potatoes prices were the primary drivers of the 4% annual inflation in July, the Uganda Bureau of Statistics (UBOS) has indicated as per the…
Uganda nets UGX 80 billion from visa fees
The Directorate of Citizenship and Immigration Control (DCIC) has reported a substantial increase in revenue from visa visa fees for the 2023/2024 fiscal year, totalling…
Concern over fewer girls in vocational institutions
The low enrolment and completion rates for girls in Uganda’s Technical Vocational Education and Training (TVET) programmes should be a serious concern for policy makers…
Embassy of Norway to officially close next week
Ugandans are set to feel the pinch as of lost jobs and business services as the Norwegian Embassy in Kampala officially closes its doors next week on July 31.
Optimism as COMESA-EAC-SADC free trade area starts
The COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) Agreement officially came into force following ratification by the requisite number of member States.
IMF projects modest global growth amid persistent inflation
The International Monetary Fund (IMF) has projected modest global economic growth over the next two years, driven by various regional dynamics, but cautioned about…
Uganda boosts diplomatic, trade ties with France
The Deputy Speaker of Parliament, Thomas Tayebwa, has hailed the cooperation between Uganda and France in the areas of trade, investment and diplomatic relations as a…
Planning Authority warns on surging population
The National Planning Authority has expressed concern about Uganda’s population, which has surged by 11.3 million since the last census.
EU, Enabel boost refugees with vocational skills
More than 5,000 youth in refugee communities in the West Nile Region have been passed out after receiving vocational skills aimed at boosting their self-employment…
Museveni sets up outfit to fight URA corruption
President Yoweri Museveni has set up a new unit at State House, aimed at keeping an eye on Uganda Revenue Authority and curb corruption in the tax administration system.
Stop budgeting for corruption, CSOs tell MPs
In a stirring call to action, Civil Society Organizations (CSOs) want Members of Parliament to eliminate budget allocations that enable corruption.
Survey shows private sector improvement in May
The month of May saw a further improvement in the private sector’s performance, according the Stanbic Bank Purchasing Managers’ Index (PMI).