Business & Economy

Uganda Airlines has signed a Boeing deal to acquire 10 aircraft in a Shs3.7 trillion fleet expansion plan.

Uganda’s government-backed loan guarantees rose to Shs740.4b, driven mainly by new Uganda Development Bank facilities.

Economists warn Uganda’s Shs84.3 trillion 2026/27 budget may have limited impact as debt servicing takes nearly 40 percent.

Uganda’s new tax relief measures will waive qualifying old tax debts, penalties and interest from July 1, 2026.

Quality Chemical posts record profit as Sikurea launch and new Luzira plant strengthen its Africa-focused medicine strategy.

Equity Bank Uganda has strengthened support for SACCOs and small businesses through tailored financing, financial literacy training, and green financing...

GymTok content dominance and corporate wellness programs have accelerated gym membership adoption across Uganda, with fitness culture now functioning as...

Uganda parliament has passed the Copyright and Neighbouring Rights Amendment Bill, 2025, promising musicians substantial revenue increases.

The Commercial Court has ordered Haruna Muwanga, director of BMK Uganda, to pay Minister Balaam Barugahara Shs1.4 billion for a...

UBA Uganda denies allegations of fraudulent loss of $250,000 from a customer's account, asserting its commitment to security and transparency....

Uganda's central bank responds to currency depreciation concerns by raising the key interest rate by 50 basis points. The decision...

Koranorya Daily Market in Mbarara faces a sanitary crisis as vendors raise alarms over inadequate facilities, with 500-600 people relying...

The African Development Bank approves $5.4 million for the Eastern Africa Power Pool's operationalization. CEO Ziria Tibalwa Waako emphasizes regional...

The investment aims to enhance power distribution, upgrade transformers, and rehabilitate substations, emphasizing Umeme's dedication to its contractual obligations until...

Wakiso District Khadi urges Muslim communities to form Saccos for financial empowerment, emphasizing priority access to interest-free loans from banks...

Lawyer Mabirizi challenges Uganda's government over a fuel import monopoly with Vitol, alleging corruption and a breach of bidding processes....

The President, addressing innovators, officials, and investors during the National Science Week at Kololo Ceremonial Grounds, endorsed tax exemptions for...

President Yoweri Museveni has issued a stern warning to government tax agencies, advising against imposing direct taxes on large-scale manufacturers,...

U.S. President Joe Biden has announced his intention to end the participation of Gabon, Niger, Uganda, and the Central African...

ISBAT University's AI students won Shs11.1 million in the Total Energies Uganda Hackathon, showcasing innovation in electric vehicle technology. Their...

The Ugandan Prime Minister, Robinah Nabbanja, has called on the Bank of Uganda to investigate increasing complaints about unauthorized withdrawals...

Centenary Bank Uganda acknowledges staff-fraudster collusion in Shs100m client savings theft. Swift disciplinary action and police involvement emphasize zero tolerance...

In a significant legal development, a Ugandan court has sanctioned the charging of interest on informal loans between private individuals,...

Ugandans have fallen victim to yet another fraudulent scheme, as the "Capital Chicken" investment ploy has swindled people out of...

The annual report, which evaluates the fund's performance, highlighted that MTN, Safaricom, Equity Group Holding, CRDB Tanzania, and National Microfinance...

The Uganda National Bureau of Standards (UNBS) has issued a temporary directive requiring dealers of imported used motor vehicles to...

Ugandans are facing increasing frustration due to the rising cost of living, which has worsened in recent months as both...

This move is aimed at addressing revenue losses stemming from tax evasion in the rental income sector.

Museveni expressed concern over money lenders in Uganda charging a 20 percent monthly interest rate on loans, which he believes...

Uganda is in the final stages of negotiations with Chinese financiers to secure funding for the East African Crude Oil...

The Uganda Wildlife Authority (UWA) has initiated a comprehensive investigation into long-standing fraud within the organization, which is reported to...

Salaam Bank Uganda Ltd has achieved the distinction of becoming the first commercial bank to obtain a license to provide...

In a recent event held over the weekend in Kabale District, the government, through the National Agriculture Advisory Services (Naads),...

Merchants and consumers in Mbarara City are expressing concerns about the implementation and usage of electronic receipts by the Uganda...

The Ugandan government has revealed that it is conducting a cost-benefit analysis to determine whether to replace low denomination banknotes...

The head of Uganda National Bureau of Standards (UNBS), Mr. David Livingstone Ebiru, has continued to hold his position even...

The Ugandan government has reintroduced and staunchly defended its plan to impose a 5% tax on foreign-owned companies providing digital...

In a significant move to tackle corruption and enhance revenue collection, the Uganda Revenue Authority (URA) has announced plans to...

The Uganda National Chamber of Commerce and Industry (UNCCI), representing the business community in West Nile region, is planning to...

Tembo Steels (U) Limited, the owner of the building housing Medipal International Hospital in Kololo, Kampala, took decisive action yesterday...