The Bank of Uganda has started buying gold mined in the country and will add it to the official foreign exchange reserves, shifting part of the national safety net from dollars and euros to bullion.In an April 20, 2026 notice, the Central Bank said it had launched a three-year pilot Domest
The Uganda Alcohol Policy Alliance (UAPA) has thrown its support behind the government’s proposed increase in excise duty on undenatured spirits below 80% alcoholic content, welcoming a move that would see the rate rise from Shs1,700 to Shs3,500 per litre.Juliet Namukasa, the chairperson
KAMPALA – Uganda’s economy continues to show signs of steady recovery and strengthening activity, supported by rising demand, increased business confidence, and strong export performance, according to the latest Performance of the Economy Report for March 2026 released by the Ministry of Fina
Uganda has taken a significant step toward advancing its long-term economic transformation agenda after the Ministry of Finance hosted a 40-member Chinese investor delegation exploring joint venture opportunities across the country’s priority ATMS pillars: Agriculture, Tourism, Manufacturing, a
A bold vision to transform Uganda into a $500 billion economy has been laid out, with a strong warning that the country risks missing out unless it urgently empowers its private sector.Presenting before National Resistance Movement Members of Parliament at the National Leadership Institute
Luweero District leaders are encouraging retired civil servants to join associations to strengthen their collective voice, improve welfare, and address persistent challenges such as delayed pension payments.The Luweero District Chairperson, Erasto Kibirango, has urged retired government wo
President Museveni assents to the Valuation Act 2025, introducing strict standards and fines of up to 100 million Shillings to regulate Uganda’s real estate sector.KAMPALA — President Yoweri Museveni has assented to the Valuation Act, 2025, a landmark piece of legislation designed to f
The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi.The Government has released Shs17.444 trillion for the fourth quarter of the Financial Year 2025/26, bringing the total cumulative release to Shs77.001 trillion, according to the Permanent Secretary and Secretary to the
Rwanda Utilities Regulatory Authority has raised retail fuel prices, citing global market trends and cost pressures, in a move expected to ripple through transport and consumer prices in the East African economy.In a statement issued late Friday, the regulator said petrol prices will rise
Greedy MPs are planning to grab £300 million in salaries and business expenses over the next year.They are awarding themselves a 5 percent pay rise. This includes an extra “cost of living” payment.The pay rise will take their yearly salaries to £98,599 next year. And they are
