MTN Mobile Money Uganda has announced a major leadership transition, with Chief Finance Officer Sarah Bateta Okwi appointed Acting Managing Director and CEO, following the decision by Richard Yego to step down from his role.According to official communication from the company, Yego will ex
Kampala — Uganda’s Auditor General has raised concerns over the effectiveness of the country’s tax register, revealing that only about 20% of registered taxpayers are active, despite a sharp expansion in registrations in the financial year ended June 30, 2025.According to the Auditor
President Yoweri Museveni has directed the Bank of Uganda (BoU) to halt threats and directives aimed at forcing Savings and Credit Cooperative Organisations (Saccos) to apply for licences, arguing that the Central Bank should limit its role to oversight rather than direct control.The direc
The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69.399 trillion, reflecting a tighter fiscal stance even as efforts intensify to boost domestic revenue and reduce reliance on bor
The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69.399 trillion, reflecting a tighter fiscal stance even as efforts intensify to boost domestic revenue and reduce reliance on bor
Parliament Approves Budget Framework Paper as MPs Return to Complete AppropriationParliament on Thursday approved the National Budget Framework Paper (NBFP) for FY 2026/27–2030/31, clearing the way for preparation of detailed budget estimates.The framework sets the fiscal andmonet
Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services.KAMPALA
Arrested China national known as Lin Haiyun and the illegal equipment he has been operating.Authorities have dismantled an illegal gaming machine manufacturing facility in Soroti Town, arresting a Chinese national in an intensified crackdown on unlawful gambling activities.The opera
Alebtong — Uganda People’s Congress (UPC) candidate Fred Jalameso has been officially declared the winner of the Ajuri County parliamentary race after securing 16,336 votes, narrowly defeating National Resistance Movement (NRM) flag bearer and Chief Government Whip Denis Obua, who polled 15,5
Uganda is sitting on a gold rush worth billions — but for most citizens, the shine stops at the headlines.Gold exports have exploded over the past decade, rebounding strongly after a brief slump in 2022/23 caused by a tax dispute that temporarily halted exports. By 2025, Uganda’s gold
