Today’s economic hardship is real, with many Ugandans, especially teachers, feeling the pinch. The burden of debt is palpable, and it is affecting the quality of education. With salaries stretched thin, borrowing has become a survival tool. But the cycle of repayment pressure is taking a toll.
Finance State Minister Amos Lugoloobi has launched the construction of a Shs500 million market in Kayunga Town aimed at resettling vendors affected by the recent demolition of illegal structures, with officials saying the project will restore livelihoods and improve urban order.The project
Parliament has passed the Lotteries and Gaming (Amendment) Bill, 2026, introducing a harmonised 30 percent tax on betting and gaming activities with a projection of an annual revenue increase of Shs24 billion from the reform.The Bill was first read on Wednesday, April 1, 2026 by the State
Kampala, Uganda: President Yoweri Kaguta Museveni has directed the Ministry of Finance to expedite the signing of a commercial contract with DOTT Services as part of a renewed push to fix the long-delayed roads to Bwindi Impenetrable National Park.In a February 17, 2026, letter seen by thi
KAMPALA, Uganda – Parliament has passed the Income Tax (Amendment) Bill, 2026, rejecting a government proposal to tax income earned and sent home by Ugandans living and working abroad.In a sitting Thursday presided over by Speaker Anita Among, lawmakers also rejected a government proposa
Michael Opira, Executive Director, Operations at Centenary Bank, brings over 27 years of banking experience as he returns to the institution where his career began.Centenary Bank has appointed seasoned banking executive Michael Opira as its new Executive Director, Operations, marking a sig
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
Members of Parliament have approved a 30 percent levy on imported second-hand clothes as part of wider tax reforms aimed at raising revenue and supporting local industries.The tax was passed under the External Trade (Amendment) Bill, 2026 during a parliamentary sitting chaired by Speaker A
The Ministry of Finance, Planning and Economic Development has released Shs101 billion to build 11 kilometres of roads inside the Sino-Uganda Mbale Industrial Park, as government moves to improve infrastructure and attract more investors.The funds are part of the 2025/2026 financial year b
President Museveni Museveni today left the country to attend the Africa We Build Summit taking place in Nairobi Kenya. The Summit brings together leaders from the public and private sectors to discuss practical ways of moving Africa’s infrastructure from priority to implementation.The ev
