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Turning oil into opportunity: Stanbic Bank’s role in Uganda’s first oil journey

Turning oil into opportunity: Stanbic Bank’s role in Uganda’s first oil journey

As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of contradiction in the global energy narrative.On one hand, the world is accelerating towards a low-carbon future, with growing consensus on the need to scale up renewable energy.On the other h

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Parliament passes Lotteries and Gaming Bill introducing 30% tax, targets Shs24b annual revenue

Parliament passes Lotteries and Gaming Bill introducing 30% tax, targets Shs24b annual revenue

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

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Just in: Government suspends trade order operations, apologises for demolished churches, mosques

Just in: Government suspends trade order operations, apologises for demolished churches, mosques

The government of Uganda has suspended the enforcement of trade order operations across the country following complaints from religious leaders, traders and Members of Parliament over the manner in which the exercise was being carried out.State Minister for Industry David Bahati announced

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Christopher Okello argues insanity; wants Butabika doctors summoned to defend him

Christopher Okello argues insanity; wants Butabika doctors summoned to defend him

Christopher Okello Onyum, the prime suspect in the murder of four toddlers at Ggaba Early Childhood Development Centre, has asked court to summon doctors from Butabika National Referral Hospital to testify about his mental health history as part of his defence.The request was made on Frida

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UCC summons Kayanja over misleading broadcast on Channel 44 TV

UCC summons Kayanja over misleading broadcast on Channel 44 TV

In a directive issued by UCC Executive Director Nyombi Thembo, the regulator ordered the pastor and the station’s management to appear before the Commission following a formal complaint linked to a church service broadcast.Pastor Robert Kayanja, who has been summoned by UCC over alleged

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Budget Revised to Shs84.39tn After Last-Minute Corrections

Budget Revised to Shs84.39tn After Last-Minute Corrections

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

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Why MPs approved 30% tax on second-hand clothes: How you'll be affected

Why MPs approved 30% tax on second-hand clothes: How you'll be affected

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

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NRM’s Barata Says Sovereignty Bill Promotes Transparency Without Limiting Investment

NRM’s Barata Says Sovereignty Bill Promotes Transparency Without Limiting Investment

The point of a Sovereignty Bill being before Parliament is for it to be debated and adjusted as long as the ultimate objective and purpose are achievedThe National Resistance Movement (NRM) Director of Legal Affairs, Enoch Barata, has argued that the proposed Protection of Sovereignty Bill

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Winners, losers as MPs pass new taxes

Winners, losers as MPs pass new taxes

Effective July 1, all importers of secondhand clothes will have to pay an extra charge of 30 percent, up from the current 15 percent, should the President sign into law the External Trade Amendment Bill, 2026. Parliament yesterday passed the Bill that will see the prices of used clothes g

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Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

Withholding Tax Exemption Returns to Six Months: What It Means for Businesses

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

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