Business •
23 Apr '26
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
Business •
23 Apr '26
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
Business •
23 Apr '26
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
Business •
22 Apr '26
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
Business •
22 Apr '26
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
Business •
22 Apr '26
Parliament of Uganda has approved a raft of tax measures expected to raise Shs1.8 trillion for the 2026/27 budget, including a controversial fuel levy increase, despite concerns about inflation and economic pressure on citizens.Parliament of Uganda has passed a series of tax bills aimed at
Business •
22 Apr '26
Taxi operators in Kampala have asked government to extend a planned crackdown on unroadworthy vehicles, warning that the directive risks disrupting livelihoods and was issued without adequate consultation.The operators say the move requires more time to allow for repairs and ensure orderly
Business •
22 Apr '26
A growing fuel crisis has gripped Tororo, with many petrol stations running dry, long queues forming at the few operational pumps, and prices rising sharply from Shs5,000 to Shs5,800 per litre.Across the district, several filling stations have gone completely dry, while others remain barel
Business •
22 Apr '26
Parliament has passed the Value Added Tax Amendment Bill, 2026, adopting a series of reforms aimed at easing compliance for small businesses, improving tax administration, and attracting investment, following a report presented by Mbale Industrial Division MP Karim Masaba.The House approve
Business •
22 Apr '26
A public disclosure by Uganda’s tax authority that it recovered in excess of $10m (Shs37b) smuggled through Entebbe International Airport has raised more questions than answers. The revelation has come under scrutiny after sources at the aviation security, which combines civilian and military i