Bank of Uganda data shows the local currency briefly strengthened further to about Shs3,646 per dollar earlier this week before surrendering some gains as demand for foreign currency resurfaced.KAMPALA: Uganda’s shilling has staged
Mr Tanna said the Ministry of Trade is finalising several policy reforms to strengthen the MSME ecosystem, including the revision of the MSMEs Policy (2015), the Startup Development Policy, which is expected to be submitted to Cabinet soon, and the Business Deve
Uganda has set a target of increasing annual coffee production to 20 million 60-kilogram bags, while simultaneously promoting value addition, specialty coffee production and brand positioning in premium global markets.Brussels, Belgium: Ug
Samsung Galaxy A27 (Image: SAMSUNG)If your budget won't stretch to a Galaxy S26, don't pa
According to information available, the incident occurred when the attendant erroneously dispensed diesel into Mugumya’s petrol-powered Subaru Forester.
The High Court has dismissed an application filed by Henry Banyenzaki, a former minister and MP, over a disagreement he has with Tropical Bank regarding a loan facility he took in 2013.Justice Patience Rubagumya said the legal procedure (of originating summons) that Banyenzaki was using to
Gold scams in Uganda are becoming increasingly violent, with criminals now using firearms, abductions and killings instead of relying only on fake documents to defraud buyers.The latest case involves Jama Munyaradzi, a British-Zimbabwean national who was allegedly robbed of $600 and killed
Vivo Energy's acquisition of a 50% stake in KFC Uganda triggered a tax dispute with URAThe Tax Appeals Tribunal (TAT) has cancelled a Shs 4.24 billion tax assessment imposed on Kuku Foods Uganda, the company behind the KFC franchise in Uganda, following changes in the fast-food firm’s ow
The Ministry of Finance, Planning and Economic Development has revealed that in April 2026, the Supervised Financial Institutions approved loans worth UGX2.053Trn out of the requested UGX4.074Trn, translating into an approval rate of 50.4 percent.The details are contained in the Performanc
Stanbic Bank Uganda is suffering a devastating reputational loss after the Uganda Revenue Authority (URA), recently moved to withdraw all its accounts from the bank, effectively stripping it of a lucrative tax collections business worth more than UGX 11 trillion a year.The decision means t
