Business & Economy

Diamond Trust Bank(DTB) has opened a new branch in Kapeeka industrial park in Nakaseke district, the first of its kind...

Higher exports of gold in January compared to December were the highlight of a period in which the country’s export...

Officials from information and communication technology (ICT) and finance ministries have denied claims by the commissioner-general of Uganda Revenue Authority...

Uganda Revenue Authority (URA) has proposed a tax on internet bundles (data) instead of collecting OTT. This was revealed by...

Uganda’s economy is expected to create an additional 200,000 jobs once the impending redevelopment of Kampala Industrial and Business Park...

Uganda Development Bank The finance committee also revealed that in the next financial year (2020/2021), Uganda Development Bank (UDB) will...

MPs on Parliament’s finance committee have questioned another planned recapitalization of Bank of Uganda (BOU) with sh480b. The MPs raised...

The government yesterday presented before Parliament for approval a euros 600 million (about sh2.4 trillion) loan request, to finance the...

Over 100 people, including senior army officers, have filed complaints with the Police accusing a local company dealing in cryptocurrency...

What started as a students’ idea at Makerere University is finally set to become a national pride. As we celebrate...

Ugandans are moving closer to the middle income status, the rebased Gross Domestic Product (GDP) figures by the Uganda Bureau...

Police in Kampala have revealed that the Makerere University student, who was found dead in his hostel room, committed suicide...

President Yoweri Museveni has implored the youth to acquire entrepreneurial skills for job opportunities in commercial agriculture, industries, services, and...

Uganda’s earnings from oil and gas will be used strictly for the establishment of critical infrastructure to drive the economy,...

Bank of Uganda (BOU) has issued new tough rules after an internal investigation revealed a theft of old currency at...

Research by the Uganda National Bureau of Standards (UNBS) has revealed that 35% of the electricity meters used by industrialists...

To resolve the mystery shrouding ownership of the controversial National Social Security Fund (NSSF) Temangalo land in Wakiso district, MPs...

The government has tabled to Parliament amendments to the law governing the National Social Security Fund (NSSF), seeking, among others,...

Cabinet has approved changes to ease access to Youth Livelihood Programme (YLP) funds, lawmakers sitting on Public Accounts Committee of...

President Yoweri Museveni has said the journey to develop and transform Uganda has taken longer than it should due to...

In a bid to streamline public transport, the Government has introduced laws that will ban individuals from directly owning and...

The Government is counting losses to a tune of about sh62b ($16.95m) in royalties from gold exports from Uganda, according...

The act of the Government borrowing to finance infrastructure development is aimed at economic development, the Minister of State for...

President Yoweri Museveni has said any decision involving the process of identifying a suitable investor in the effort to revamp...

The state minister for finance in charge of general duties, Gabriel Ajedra, has distanced himself from the saga surrounding the...

Many residents of Kampala who have farms upcountry often worry about the health and safety of their herds. Such worries...

High-level talks to resolve the row between Uganda and Rwanda are going on with the key principals President Yoweri Museveni...

The government has confirmed the existence of 300 million tonnes of iron ore, a strategic mineral needed for the development...

When talking about this budget, it is important not to underlook certain things that are fundamental to the performance of...

After a long budgeting process, Parliament yesterday passed the 2019/2020 national budget totaling sh40.4 trillion, up from sh32.7 trillion for...

Security in Mbarara district has closed the operations of Alliance Global which is said to be a Ponzi scheme, for...

President Yoweri Museveni has said the strength of the country to grow does not lie with either politicians, religious or...

Two officials of the Ministry of Finance, Planning and Economic Development have been convicted of corruption offences and sentenced to...

The Government will increase the operational funds for youth and women groups, the Minister of Gender, Labour and Social Development,...

Two years after the launch of the Electronic Cargo Tracking System (ECTS), which cost tax payers billions of shillings, the...

The revamped Uganda Airlines will start regional flights in July, about three months after delivery of two Bombardier CRJ900 jets,...

Oil seeps have been encountered in the Elgon region, indicating the potential existence of commercial quantities of oil and gas...

As part of efforts to revive the national carrier, Uganda Airlines, the company’s two Bombardier CRJ900 jets will touch down...

Ugandan manufacturers and traders dealing in sugar, poultry, beef and dairy products have commended President Uhuru Kenyatta (Kenya) and his...

It is 10 years since the mobile money service was introduced in Uganda by MTN telecom. Following the innovation, other...