Uganda acquires $500m loan from S.Korea
Uganda has signed an agreement with South Korea for a $500 million loan to help finance infrastructure building in the east African country, Uganda’s finance ministry…
Section
Economy
Growth, budgets, inflation, tax and public policy.
BoU maintains CBR at 10.25% as inflationary pressures persist
Bank of Uganda has kept its key rate unchanged at 10.25% in June unlike in the previous month when it was raised from 10%, which was prompted by rising inflation and…
Tomatoes, vegetables push inflation to 3.6%
The escalating prices of tomatoes and fresh vegetables have been the primary drivers behind the rise in headline inflation rate in May.
Address drivers of rising national debt – experts
Uganda’s debt risks are becoming more pronounced both in the short to medium term, largely attributed to poor debt utilization as one of the key causes of the nation’s…
Economic uncertainty as Uganda’s credit rating is downgraded
Global credit rating agency Moody’s Ratings has downgraded Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2, a development that…
URA now to deploy drones in smuggling fight
The Uganda Revenue Authority (URA) has said they are to invest in surveillance drones at porous border points in an effort to curb the vice of smuggling.
Physical planners’ body warns on quacks as new Council is elected
Members of the Society of Professional Physical Planners of Uganda have elected new leaders as the government moves in to crackdown on imposters in the physical planning…
UBL sets up UGX20 billion cleaning facility
Uganda Breweries Limited, the maker of Tusker and Guinness, has commissioned a state-of-the-art effluent treatment plant, which officials said marks a significant…
URA tasked to sensitise traders on how Electronic Fiscal Receipting and Invoicing Solution (EFRIS) works to avoid demonstrations.
In January 2021, URA implemented EFRIS to tackle tax administration issues associated with business transactions and receipt issuance.
President Museveni Takes Over Chairmanship Of G77 + China
Uganda has assumed the chairmanship of the Group of 77 plus China (G77+China).
Uganda Listed Among Top Kyeyo Cash Recipients
A new report by the World Bank has shown that Uganda is among the top ten recipients of money from nationals working abroad, commonly referred to as ‘kyeyo’ cash, in…
There is a ready market, Museveni assures Foreign Investors
President Yoweri Kaguta Museveni has wooed foreign investors to invest in Uganda, saying that the East African country has a lot of investment opportunities with a…
President Yoweri Kaguta Museveni on Use ICT to Build Our Economy
President Yoweri Kaguta Museveni has cautioned Ugandans against using Information And Communications Technology (ICT) to promote importation of goods. President Museveni…
MTN Uganda delivers on promise to President Yoweri Museveni, successfully mobilizes South African investors to invest in Uganda
Wednesday 6th September 2023. Kampala, Uganda. MTN Uganda has fulfilled President Yoweri Museveni’s call to action, rallying South African investors to explore…
DTB SCOOPS THE MOST INNOVATIVE BANCASSURANCE AGENT 2022 AWARD
Diamond Trust Bank – DTB has been named the Most Innovative Bancassurance Agent in Uganda for the year 2022 at the prestigious Insurance Innovations Award -2022 held…
The UN defend decision to change legislation in 2024
Of the four fundamental interactions, gravitation is the dominant at astronomical length scales. Gravity effects are cumulative; by contrast, the effects of positive and…
Election Day: left-wing supporters brace themselves for historical moment in time
Cream skimmed from milk may be called “sweet cream” to distinguish it from cream skimmed from whey, a by-product of cheese-making. Whey cream has a lower fat content and…
Trial begins in London as first day of evidence is rejected
There are a number of different theories and hypotheses regarding early state formation that seek generalizations to explain why the state developed in some places but…