Search Results

Budget Revised to Shs84.39tn After Last-Minute Corrections

Budget Revised to Shs84.39tn After Last-Minute Corrections

A Shs97 billion adjustment has reshaped Uganda’s FY 2026/27 budget, exposing planning errors and sparking sharp criticism from lawmakers over timing and transparency.The National Budget for the 2026/27 financial year has been revised to Shs84.39 trillion following a last-minute adjustmen

Ultimate Uganda

Six anti-EACOP protestors arrested in Kampala

Six anti-EACOP protestors arrested in Kampala

Police on Monday arrested six environmental activists who stormed TotalEnergies' offices in Kampala, allegedly to submit a petition against the East African Crude Oil Pipeline (EACOP) project.The petitioners were demanding that the project be stopped and that the company take on and invest

Ultimate Uganda

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Uganda converts Shs7.78t central bank advance into long-term debt as borrowing pressures rise

Government has quietly converted a Shs7.78 trillion temporary advance from the Bank of Uganda into long term public debt, a move that will see taxpayers commit to years of repayments amid rising pressure on the country’s finances.According to the Parliamentary Committee on Finance report

Ultimate Uganda

I Don’t Want to Hear Corruption Again in Parliament — Museveni Warns NRM MPs

I Don’t Want to Hear Corruption Again in Parliament — Museveni Warns NRM MPs

President Yoweri Museveni has issued a stern warning against corruption in Parliament, vowing decisive action against both bribe takers and givers .Speaking at the closing ceremony of the National Resistance Movement (NRM) retreat at the presidential farm in Nakaseke District, Museveni sai

Ultimate Uganda

How Financial Discipline Helped Nankya Build a Multi-Million Hardware in a Few Years

How Financial Discipline Helped Nankya Build a Multi-Million Hardware in a Few Years

Hajjati Rehema Nankya, the brain behind Fortress Hardware in Maya. She started with a small shop with capital worth UGX1.5M.Fortress Hardware, located in Maya Trading Centre along the Kampala–Masaka Highway, isn’t an ordinary enterprise. There’s a unique and inspiring story behind it

Ultimate Uganda

Opposition Unveils Alternative Budget, Warns of 'Illusion' of Economic Growth

Opposition Unveils Alternative Budget, Warns of 'Illusion' of Economic Growth

Uganda’s opposition has tabled an alternative Shs71.4 trillion budget, warning that rising debt obligations and rigid expenditures are squeezing service delivery, while drawing parallels with last year’s fiscal plan that faced similar criticism over debt sustainability and limited fiscal spac

Ultimate Uganda

Court Orders MP To Pay Nearly UGX 5 Billion in Loan Default Case

Court Orders MP To Pay Nearly UGX 5 Billion in Loan Default Case

The Commercial Division of the High Court has ordered Jie County MP, Lokii Peter Abrahams, to pay businessman and money lender Amit Jain nearly 5 billion Shillings for failure to repay a loan taken in 2012.Justice Steven Mubiru ruled that Lokii defaulted on a 265 million Shillings loan, wh

Ultimate Uganda

Uganda’s impeding debt crisis

Uganda’s impeding debt crisis

In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit

Ultimate Uganda

URA Raises PAYE Tax-Free Threshold to Shs335,000 From Shs235,000

URA Raises PAYE Tax-Free Threshold to Shs335,000 From Shs235,000

KAMPALA: Uganda is planning sweeping changes to its personal income tax system to ease pressure on low-income earners, even as it rolls out new tax measures to recover at least 49 billion Ugandan shillings in additional revenue, according to official proposals for the 2026/27 financial year seen

Ultimate Uganda

How Tayebwa Took Credit for Lango NUP Defections as Real Mobilizer Was Left Crying

How Tayebwa Took Credit for Lango NUP Defections as Real Mobilizer Was Left Crying

A crucial NRM political mobilizer from Northern Uganda has accused senior party figures of sidelining him and misrepresenting his work after he successfully convinced a group of opposition candidates to withdraw from the 2026 race and support the yellow camp.Moses Ongwec, a cadre from Lang

Ultimate Uganda