Ugandans are too broke to build a decent house, with only three in 10 able to acquire land, buy construction materials, and pay for labour to construct one. Ms Judith Nabakooba, the Minister of Lands, Housing, and Urban Development, said the low income earned by Ugandans both in urban an
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,
Rwanda has overtaken Kenya as Ugandaâs biggest sugar export market in the East African Community. Data from Uganda Revenue Authority shows that in the nine months to September, Rwanda took 35.3 percent or 39.3 tonnes of sugar out of the 111.1 tonnes Uganda exported to the EAC Common
The United Nations High Commission for Refugees (UNHCR) Country Representative, Mr Matthew Crentsil, has expressed optimism that the refugee response in Uganda will be funded amid mounting concern of unprecedented shortfalls in funding. Mr Crentsil said while there was heightened apprehe
Uganda earned $1.35 billion (about Shs4.990 trillion), from coffee exports between September 2023- August 2024, which indicates that the country now gets more from the oversea market, according to the Uganda Coffee Development Authority (UCDA). The monthly UCDA coffee report for August r
The National Unity Platform (NUP), a political movement that originated from the People Power movement, and its manifesto, outlining its vision for an inclusive, peaceful, and democratic Uganda. The party aims to end Uganda’s 35-year rule under the National Resistance Movement (NRM) through
Tax controversies have recently stirred debate across the country, with the country’s tax body – the Uganda Revenue Authority (URA)—and the National Treasury struggling to justify certain tax breaks to particular companies while in the National Assembly. In a new twist, the two age
The annual debt statistical bulletin and public debt portfolio analysis by the Ministry of Finance indicates that the stock of domestic debt rose from Shs34.5 trillion in June 2023 to Shs40.6 trillion in June 2024, representing a growth of 5 percent. The increase represents a rise of dom
The new regulation demanding coffee farmers and exporters to prove that the commodity did not contribute to deforestation before being allowed access to the European Union (EU) market has suddenly sent the sector regulator into an overdrive mode, if not, a state of uncertainty, Prosper Magaz
