The Bank of Uganda recently kept the Central Bank Rate (CBR) unchanged at 9.75 per cent, signalling its confidence in the price stability experienced in the economy today.The Monetary Policy Committee (MPC) assessed that the current policy stance remains appropriate to support economic act
KAMPALA, Uganda — Secondary school arts teachers on the government payroll will receive a 25 percent salary increase starting in July, officials said this week.The pay raise, which covers the 2026-2027 financial year, is part of a phased plan to address long-standing wage gaps between sc
With oil production expected to start soon, Dr Julius Kipng’etich projected even stronger growth over the next two to three decades, potentially transforming Uganda into one of the continent’s largest economies.Insurers in Uganda and across the East African region have been called to
Uganda’s economy registered an improvement in January 2026, supported by better business conditions, rising consumer demand and increased employment levels, according to the latest Performance of the Economy Report.The report indicates that economic activity continued on an upward trajec
Soroti, Uganda: The Soroti Fruit Factory operates at a loss of Shs5.371 billion for the 2024/2025 Financial Year, deepening its financial troubles despite a recent management overhaul, the latest Auditor General’s report reveals.The audit report released on December 31, 2025 by Auditor G
KAMPALA — Uganda’s Petroleum Fund declined to Shs131.27 billion as of June 30, 2025, down from Shs145.98 billion the previous financial year, following statutory transfers to the national budget and the state oil company.State Minister for Finance (General Duties) Henry Musasizi made t
President Museveni has signed into law three key pieces of legislation aimed at strengthening regulatory oversight in Uganda's construction, housing finance, and valuation sectors.The reforms are expected to enhance safety standards, expand mortgage financing, and boost investor confidence
Tears, anger and disbelief have engulfed Nsambya after the Kampala Archdiocese move to evict more than 500 people from Nsambya Housing Estate, triggering accusations of betrayal, hypocrisy and cold-hearted disregard for families who have called the church-owned land home for over five decades.
Finance Minister, Matia Kasaija congralating Mr Kenneth Kitariho (right) upon his inauguration as Chairperson of the NLGRB. Looking on is outgoing board chairperson Aloysius Mugasa (2nd left) and CEO Denis Mudene Ngabirano.Ten years after it was created, the National Lotteries and Gaming R
Police are investigating the suspected drowning of a man whose body was recovered from a borehole water trench in Nebbi Municipality, with possible foul play suspected.Nebbi, Uganda: The Territorial Police in Nebbi Municipality are investigating the suspected drowning of a man whose body w
