Business & Economy

President Museveni has backed an Egyptian-backed Ngoma dairy project planned to process up to one million litres of milk per...

The Uganda shilling has recovered against the US dollar as BoU projects stronger forex inflows from oil, coffee exports and...

Uganda’s new PAYE tax bands take effect on July 1, raising the tax-free threshold to Shs335,000 and offering limited worker...

Uganda and Tanzania’s petroleum projects could boost energy security, jobs, trade and regional integration across the EAC.

Uganda has overtaken Ethiopia as Africa’s top coffee exporter after shipping 8.6 million bags worth $2.3b, MAAIF says.

President Museveni has urged Ugandans to embrace matooke farming and value addition to improve nutrition and household incomes.

Labour advocates want Uganda to revive the Minimum Wage Bill as UBOS data shows 89.2% of workers are in informal...

Raff Military Textile will join the TİM trade mission to Kampala from July 21 to 25, 2026, seeking Uganda partnerships...

The Islamic Development Bank Executive Board has approved EUR 650.75 million, about Shs2.6 trillion, to support Uganda’s Standard Gauge Railway...

Government has allocated Shs442.2b to UDB in 2026/27, raising its cumulative capitalisation to Shs1.6 trillion.

High Court awards over Sh1.25b to two New Taxi Park traders after finding they were unlawfully denied lock-up shop ownership.

Uganda’s government securities stock rose to Shs80.28 trillion by March 2026, with banks still holding the largest share.

URA has paid Canaan Sites Shs2.4 billion after wrongly collecting VAT on unimproved land, which is exempt under Uganda’s VAT...

Experts say ordinary Ugandans fund most of the national budget as tax compliance gaps, exemptions and debt pressure persist.

Uganda has introduced a tax holiday for luxury hotel developers investing at least $10m for foreigners and $5m for locals.

Bank of Uganda will cap daily over-the-counter cash withdrawals at Shs50m for individuals and Shs500m for businesses from Jan. 1,...

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...