Twinemanzi Tumubweine, Bank of Uganda Executive Director of National Payment Systems.Overview:The new measures, which take effect on January 1, 2027, are expected to reshape how businesses and consumers move money through the banking system.KAMPALA — The Bank of Uganda (BoU
The two-day state visit, which ran from May 31 to June 1, saw President Erdoğan hold talks with Ugandan President Museveni at State House Entebbe as both leaders sought to deepen cooperation in trade, security, education and infrastructure.On this day in 2016, Turkish President Recep Tayy
There is an unwritten rule, supported by parliamentary precedent, that where substantial amendments are made to a Bill, that Bill must be withdrawn, redrafted, re-gazetted and reintroduced to Parliament at first reading.The rationale for this rule is that the Bill is no longer that which w
Uganda today faces a question that can no longer be avoided: Who is actually in charge of the state?To the outside world, we project coherence—a reliable trade partner, a pillar of regional security, and a predictable diplomatic actor. Yet, domestic reality tells a different story: a sta
President Museveni on Friday questioned the relevance of some university courses to Uganda’s labour market, urging young people to rethink career paths and pivot toward practical skills and job creation.Speaking during Labour Day celebrations in Buikwe District, Museveni criticized what
President Yoweri Museveni has signed into law the National Drug and Health Products Authority Act, 2025, marking a major shift in Uganda’s fight against counterfeit medicines and unsafe health products.The new legislation replaces an outdated 1993 framework and establishes a powerful cen
withholding tax exemption allows qualifying businesses to receive income without deductions at source, improve cash flow management, and reduce administrative burden related to tax credits and reconciliations.The Uganda Revenue Authority (URA) has officially announced the opening of applic
Parliament of Uganda has approved a raft of tax measures expected to raise Shs1.8 trillion for the 2026/27 budget, including a controversial fuel levy increase, despite concerns about inflation and economic pressure on citizens.Parliament of Uganda has passed a series of tax bills aimed at
Parliament has passed the Value Added Tax Amendment Bill, 2026, adopting a series of reforms aimed at easing compliance for small businesses, improving tax administration, and attracting investment, following a report presented by Mbale Industrial Division MP Karim Masaba.The House approve
Uganda’s banking industry has mounted a formal and detailed opposition to the proposed Protection of Sovereignty Bill, 2026, warning that its provisions could disrupt financial intermediation, deter foreign investment, and undermine the country’s broader economic growth strategy.In a l
