Pearl Bank Uganda, formerly PostBank, has opened a new head office in Kololo, backed by strong financial growth and a broader strategy to reposition itself as a modern, digitally driven institution focused on expanding credit and deepening financial inclusion.A new phase in Uganda’s bank
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
Excitement is steadily building across Serere District as residents prepare for the swearing-in and installation of Woman Member of Parliament–elect Esther Lucy Acom, widely known as Ajokotau.Her victory in the recently concluded elections has energized communities from rural villages to
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 – 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
The State Minister for Trade, David Bahati, has warned of government action against fuel dealers suspected of hoarding products and distorting prices amid rising pump costs.Rising pump prices and reported stock-outs have triggered government scrutiny of fuel dealers, with officials warning
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
Produce dealers in Nebbi are counting losses as rising fuel prices have forced them to hike the cost of food.Since rising fuel prices have a significant impact on food prices, customers are being forced to move long distances in search for cheaper prices.Some of the traders who ar
Buyende, Uganda: Police in Buyende District have launched investigations into a mob justice killing that left a 20-year-old man dead after he was accused of stealing goats.The victim, Ippu Tigawalana, a resident of Kamugoya Village in Kagulu Sub-county, was lynched by an angry crowd on Apr
