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Uganda Touts Private-Sector Financing Gains as It Targets $500 Billion Economy

Uganda Touts Private-Sector Financing Gains as It Targets $500 Billion Economy

Minister of State for General Duties Henry Musasizi speaking at the event.Kampala, Uganda — Uganda’s government says expanded access to finance and macroeconomic stability are helping drive a strong economic rebound, as officials push an ambitious plan to grow the country’s economy t

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SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation po

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At least 21  killed as passenger ferry sinks after capsizing on Nile as rescuers frantically hunt for survivors

At least 21 killed as passenger ferry sinks after capsizing on Nile as rescuers frantically hunt for survivors

AT least 21 people have tragically drowned after a boat capsized in the Nile as rescuers frantically work to find the remaining passengers.The passenger ferry was carrying 30 people when it overturned in the Tayba-Al-Khawad area of Sudan on Wednesday.The ship on Nile River, Khartoum

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Government, Stanchart sign Shs 2.747tn infrastructure financing deal

Government, Stanchart sign Shs 2.747tn infrastructure financing deal

Government of Uganda and Standard Chartered Bank Uganda have signed financing agreements worth EUR 641.1 million (Shs 2.747 trillion) to fund three major infrastructure projects aimed at supporting the country’s Ten-Fold Growth Strategy and expanding the economy to USD 500 billion by 2040.

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Tax net tightens: Why EFRIS, DTS, rental tax are closing in on every business

Tax net tightens: Why EFRIS, DTS, rental tax are closing in on every business

EFRIS was first legally introduced through the Tax Procedures Code (E-Invoicing and E-Receipting) Regulations in 2020, with mandatory use by VAT-registered taxpayers beginning on 1 July 2020.In today’s rapidly digitizing economy, tax compliance in Uganda is no longer a back-office obliga

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INCOMPETENCE OR SABOTAGE? Sh53bn Karamoja Valley Dams, Tanks Turn into Mud Pits Under Ministry of Water Negligence

INCOMPETENCE OR SABOTAGE? Sh53bn Karamoja Valley Dams, Tanks Turn into Mud Pits Under Ministry of Water Negligence

A shocking Auditor General’s report has exposed deep rot, negligence and sheer incompetence at the Ministry of Water and Environment, after billions of shillings meant to save Karamoja from chronic water shortages were blown on valley tanks and dams that are now choked with silt, broken down or

Ultimate Uganda

BREAKING: Shock as Man’s Burnt Body is Found on Entebbe Airport Runway

BREAKING: Shock as Man’s Burnt Body is Found on Entebbe Airport Runway

Uganda’s CAA collects an aviation security fee of about $65 (roughly Shs240,000–Shs245,000) from the cost of each departing international passenger’s ticketEntebbe International Airport runwayUgandan aviation police are investigating how an unidentified man ended up dead on th

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Celebrations as Masaka court releases Fr Deusdedit Ssekabira

Celebrations as Masaka court releases Fr Deusdedit Ssekabira

Celebrations erupted at Masaka High Court today as Catholic faithful, church leaders, family and friends broke into songs and praise following the release on bail of Rev Fr Deusdedit Ssekabira. Celebrations erupted at Masaka High Court today as Catholic faithful, church leaders, family and

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STANBIC BANK FRAUD! Suspects in Enid Kukunda’s Sh725M Theft Eye Plea, Linked to Another Sh400M ABSA Heist!

STANBIC BANK FRAUD! Suspects in Enid Kukunda’s Sh725M Theft Eye Plea, Linked to Another Sh400M ABSA Heist!

One of the suspects charged over an attempted Shs 725 million fraud targeting Stanbic Bank has opened negotiations with the State to resolve the case through a plea bargain. The development was disclosed on Monday before the Buganda Road Chief Magistrate’s Court, where Chief State Attorney Joan

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Millions Joshua Cheptegei Banked After Edging Kenyan and Tanzanian Rivals in Dubai Race

Millions Joshua Cheptegei Banked After Edging Kenyan and Tanzanian Rivals in Dubai Race

Joshua Cheptegei won the men's race at the Burj2Burj Half Marathon in Dubai on Sunday.Ugandan long distance great Joshua Chepetegei added another win to his glittering resume when he claimed the Burj2Burj Half Marathon in Dubai on Sunday but how much did he make?Ugandan legend Joshu

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