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
Alcohol consumers and the construction industry face fresh price hikes as the government tables the Excise Duty (Amendment) Bill, 2026, seeking to impose higher levies on imported spirits and building materials.Minister of State for Finance, Henry Musasizi, presented the bill in Parliament
In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit
Committee chairperson, Hon. Baka MugabiKAMPALA – A new law aimed at increasing the financial jurisdiction of magistrates, enhancing sentencing powers and streamlining court procedures awaits presidential assent, a move lawmakers say will reduce case backlog at the High Court and improve
KAMPALA: Uganda is planning sweeping changes to its personal income tax system to ease pressure on low-income earners, even as it rolls out new tax measures to recover at least 49 billion Ugandan shillings in additional revenue, according to official proposals for the 2026/27 financial year seen
Economists and tax experts warn that government’s plan to raise Shs4.8 trillion through new taxes, including a fuel levy, could increase inflation, slow construction activity, and undermine economic recovery if the tax base is not widened.A growing chorus of economists and tax experts is
State Minister for Finance in charge of General Duties, Henry Musasizi, during the presentation for the 2026/27 Ministerial Policy Statement before Parliament’s Committee on Finance.Uganda is set to make history in the 2026/27 financial year with expected oil revenues surpassing Shs2.2 t
Appearing before Public Accounts Committee of Parliament, Ramathan Ggoobi, Permanent Secretary, Ministry of Finance, and Secretary to the Treasury.Parliament has been told that at the current rate of funding allocated to settle government domestic arrears, it could take more than four deca
South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up
