July 16, 2023
Uganda: Proposed Income Tax Amendment to Limit Carrying Forward of Tax Losses
The Ugandan government has recently made proposals for significant amendments to its income tax law. Among the proposals is the introduction of a cap on utilisation of a tax loss. Read more »
July 05, 2023
Uganda: Decoding the National Budget - What It Means for Everyday Investors
The government of Uganda plays a big role in our financial economy. Whether you're just an ordinary person or a company, it is important to understand the national budget. Read more »
Uganda: Why President's Concerns On Income Tax Bill Are Justified
In a letter dated June 26, 2023, President Museveni returned certain clauses in the Income Tax (Amendment) Bill, 2023 back to parliament for their reconsideration, highlighting… Read more »
Uganda: Increasing Tax On Diapers Is Retrogressive
Taxes are a core source of revenue for the government to fund the provision of public services and the day-to-day running of the nation. Read more »
Uganda: New Strategy to Bolster Agri-Food Systems Unveiled
The Alliance for a Green Revolution in Africa (Agra), an organisation that seeks to transform African agriculture, has launched a new five-year strategy to boost the… Read more »
July 06, 2023
East Africa: Uganda's Hipipo Awarded Best Financial Inclusion Organisation in E.Africa
For the second year running, HiPipo has been voted the Best Financial Inclusion Organization in East Africa at the seventh annual FinTech Awards, organised by Wealth & Finance… Read more »
June 26, 2023
Uganda: Kampala Traders Appreciate Ura's Engagement Efforts
Traders through the Kampala City Traders Association (KACITA) have appreciated Uganda Revenue Authority (URA) for choosing to engage them before enforcing tax laws or closing down… Read more »
June 14, 2023
Uganda: Smart Cities Should Embrace Women Street Vendors
Last year, Kampala Capital City Authority (KCCA), a member of the Africa Smart Towns Network (ASToN), hurriedly implemented the concept of smart cities, contrary to the core smart… Read more »
Uganda: Budget 2023/24 - Breakdown of Key Highlights
Ahead of the reading of the national budget by the minister of Finance on June 15, 2023, as required by the Public Finance Management Act 2015, Section 13(3); the minister, on… Read more »
June 10, 2023
Uganda: Here's What Uganda's CEOs Can Learn From Boda Bodas
Last week, two companies with operations in the country organised a small event that largely went unnoticed. At the event, the chief executive of a telecom company received a fully… Read more »
Uganda: Conventional Farming Has Worsened Food Insecurity in Uganda - Experts
Conventional farming, the practice of applying synthetic fertilizers and chemicals in gardens to increase crop yields, control pests and weeds has contributed to food insecurity in… Read more »
May 17, 2023
Uganda: What Govt's Limiting of Tax Losses Means for Businesses
The recently gazetted Income Tax (Amendment) Bill, 2023 proposes to limit the tax losses available for carry forward by a taxpayer to five years. Read more »
April 12, 2023
Uganda: U.S.$1 Million Electricity Project Goes Live
A $1 million (Shs 3.7 billion) project to ensure reliable electricity supply to consumers in Butabika, Mutungo, Luzira and Kitintale has gone live. Read more »
April 05, 2023
Tanzania: Air Tanzania 1st Boeing 767 Cargo Aircraft Inflated By $49 Million
Tanzania's president has called for the resignation of the individuals who were involved in the freighter's invoice price hike. Read more »
March 19, 2023
Uganda: Uganda to Scrap Take-or-Pay Contracts in Electricity Industry
Uganda has scrapped take-or-pay contracts within its electricity industry, a business incentive that has been at the centre of attracting more than $5 billion in the country's… Read more »
Uganda: Electricity Regulator Gets New Technical Director
Eng. Judith Nayiga Ssengendo has been appointed as the new technical director, regulation, at the Electricity Regulatory Authority. Read more »
March 08, 2023
Uganda: The Need for Night Economy in Uganda
In cities across the world, the night economy (businesses operating and selling at night) is one of the uncelebrated avenues generating incomes and opportunities, particularly for… Read more »
March 01, 2023
Uganda: Solar-Powered Water Irrigation Sites to Enhance Rural Farming
Government's countrywide project to design, supply and install solar-powered water supply and irrigation systems is gaining steam; and when completed, the 400 solar-powered… Read more »
February 19, 2023
Uganda: BoU Names Stanbic Bank Primary Dealer of the Year
Bank of Uganda (BoU) has named Stanbic bank as the best-performing Primary Dealer Market Maker (PDMM) for the past year. It is a record 11th time that Stanbic has won the award. Read more »
February 12, 2023
Uganda: Is Islamic Banking the Next Gold Mine for Uganda?
Uganda's banking industry performance weakened during the 2011-2014 period due to turbulent economic challenges, and now, due to the COVID-19 pandemic, traders are protesting… Read more »
February 11, 2023
Uganda: Uganda's Money Markets Face Tight Liquidity Conditions
The Ugandan shilling maintained trading within a narrow range between the 3,665 and 3,685 levels throughout the whole week. Read more »
January 25, 2023
Uganda: Does Uganda Need Standard Gauge Railway Now?
Right from the onset, Uganda and East Africa have had a rocky relationship with rail lines on account of issues stretching from the terrain, jiggers; blood-thirsty lions, and the… Read more »
January 18, 2023
Uganda: Coffee Farmers Call for More Funding
Coffee farmers have urged government to set aside more than Shs 182.8 billion for the procurement of coffee processing and value-addition machines to ably compete with other coffee… Read more »
Uganda: State House Spends Millions of Dollars a Day
State House spends approximately Shs 2.8 billion daily, a record of its financial year (FY) and supplementary budget allocations between 2016/2017 and 2022/23 reveals. Read more »
January 13, 2023
Uganda: Museveni Wants Billions for New Vehicles
Government is set to spend over Shs 21.950 billion on new vehicles for President Museveni and his vice president Jessica Alupo, according to the State House Budget framework paper… Read more »