MATUGGA, Uganda — Veteran journalist and commentator Andrew Mwenda, whose written attacks on Dr. Matthias Magoola provoked a public scolding from President Yoweri Museveni, apologized to Magoola’s face, said he had been wrong to call him a conman without eve
The Ministry of Finance, Planning and Economic Development has revealed that in April 2026, the Supervised Financial Institutions approved loans worth UGX2.053Trn out of the requested UGX4.074Trn, translating into an approval rate of 50.4 percent.The details are contained in the Performanc
Stanbic Bank Uganda is suffering a devastating reputational loss after the Uganda Revenue Authority (URA), recently moved to withdraw all its accounts from the bank, effectively stripping it of a lucrative tax collections business worth more than UGX 11 trillion a year.The decision means t
URA enforcement team at Entebbe International Airport have intercepted 448 mobile phones worth over US$76,704 in a string of operations targeting illicit trade.According to the Assistant Commissioner for Public and Corporate Affairs Robert Kalumba, the seizures underscore a growing trend o
UCC Executive Director Nyombi Thembo announced the return of web services Jan. 18, while keeping a temporary ban on social media and messaging apps.Uganda’s communications regulator has clarified the findings of a report on telecommunications taxation, after social media commentary used
The Uganda Revenue Authority (URA) has announced a temporary waiver of penalties and fines for undeclared and falsely declared goods, provided they are cleared by Customs by the end of June 30, 2026.The scheme is intended to encourage taxpayers to regularize their tax affairs and facilitat
Ernst & Young Uganda, one of the leading audit firms, has been ordered to pay the Uganda Revenue Authority (URA) Shs 3.48 billion as VAT from services it received from foreign companies within its global network.The dispute began after URA audited Ernst & Young Uganda for the perio
sensational fraud case involving billions of shillings, allegations of counterfeit currency and a prominent Ugandan businessman has exploded in court after consultancy firm Newplan boss Omulen Levy Lawrence was cited in a purported fake money racket during proceedings that saw eleven suspects rem
Ugandan members of Parliament are divided over the new 84.3 trillion shilling national budget for the 2026-2027 financial year, with ruling party lawmakers praising its infrastructure funding and the opposition warning of a heavy tax burden.KAMPALA, Uganda — Lawmakers are divided over th
The recent announcement by the Bank of Uganda introducing new limitations to over-the-counter cash withdrawals and check payments have has raised questions over the motives behind it. The banks have been given the next six months to transition to the new policy adjustment.The new mea
