Search Results

Focus on oil and gas development will be key priority in 2025/26 budget

Focus on oil and gas development will be key priority in 2025/26 budget

The Ministry of Finance has laid out budget priorities for the 2025/26 financial year, focusing on agro-industrialisation, tourism development, minerals-based industrial development including oil and gas, and science, technology, and innovation. The budget, which will maintain the full m

Ultimate Uganda

Govt targets to triple tourism arrivals to 3.8 million in 10 years

Govt targets to triple tourism arrivals to 3.8 million in 10 years

Government, under the Tourism Policy for Uganda, will seek to more than triple annual tourism earnings in the next 10 years. The policy, which forms the bedrock of government’s legal instruments, strategies, and plans for developing the tourism sector, indicates that in the 10 years

Ultimate Uganda

Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Telecom investments have shored up NSSF’s income, strengthening the Fund’s assets. National Social Security Fund (NSSF)'s earnings in the year ended June increased by 15 percent, from Shs2.2 trillion to Shs2.53 trillion, due to a surge in interest, dividend, and real estate inc

Ultimate Uganda

NSSF savers set to get more than 10%

NSSF savers set to get more than 10%

Contributors to the National Social Security Fund (NSSF) can expect to receive more than the 10 percent interest they earned this year when the Finance minister announces the yield from the last financial year next week.  NSSF managing director Patrick Ayota said at a news conference in

Ultimate Uganda

PRIMEIs the EU coffee rule worthwhile?

PRIMEIs the EU coffee rule worthwhile?

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

Ultimate Uganda

PRIMECheptegei death: A case of prey men eyeing star women

PRIMECheptegei death: A case of prey men eyeing star women

Before the September 14 burial of Ugandan athlete Rebecca Cheptegei at her ancestral home in Bukwo District in Eastern Uganda, pleas were being made for some kind of desperate implementation to end Gender-Based Violence (GBV) being directed towards successful female athletes. Cheptegei,

Ultimate Uganda

Cheptegei was killed despite her efforts to protect herself

Cheptegei was killed despite her efforts to protect herself

On the morning of Sunday Sept. 1, Olympic marathon runner Rebecca Cheptegei was preparing to go to church from her home in the highlands of western Kenya. Her ex-boyfriend called a friend of his to ask if he could borrow a lighter.

Ultimate Uganda

Three bailed after nude anti-corruption protest at parliament

Three bailed after nude anti-corruption protest at parliament

Buganda Road Chief Magistrate’s Court has granted bail to three anti-corruption protestors who staged a nude protest at Parliament earlier this month.The trio was on Thursday granted a noncash bond of Shs1 milli

Ultimate Uganda

Uganda has navigated post-Covid-19 recovery well, says IMF

Uganda has navigated post-Covid-19 recovery well, says IMF

The International Monetary Fund has said Uganda has navigated post-Covid-19 recovery well due to sound macroeconomic policies.The country’s economic recovery, the IMF noted in a statement is strengthening, chara

Ultimate Uganda

Uganda continues to consolidate key integration milestones in EAC

Uganda continues to consolidate key integration milestones in EAC

As of April 2024, the East African Community accounted for 31.7 percent of Uganda’s total export market whereas her total trade with the rest of the world increased by 36.3 percent to US$18.1billion in 2023 from US$13.3billion in 2022, while total imports from

Ultimate Uganda