Kampala, Uganda | URN | The government reduced its net borrowing or fiscal deficit in the month of April, amidst the global supply disruptions and lower revenue collections.According to the Ministry of Finance, net borrowing (the extra money the government had to borrow after accounting fo
For many businesses in Uganda, securing a government contract feels like hitting the jackpot. The moment word spreads that someone has landed a deal, everything changes. Friends become more attentive, relatives resurface, banks suddenly extend courtesy, and suppliers are willing to offer goods on
The authority has also urged taxpayers to complete the process early to avoid disruptions when accessing tax services after the July 2026 deadline.The Uganda Revenue Authority (URA) has announced a nationwide update of taxpayer registration records in a move aimed at strengthening tax admi
Authorities have launched enforcement operations to clear the expressway corridor as government pushes ahead with the delayed multibillion-shilling Kampala–Jinja Expressway project.The government has commenced enforcement operations to clear the right of way for the long-awaited Kampalaâ
Mobile money has become one of the biggest sources of borrowing in Uganda, with millions of people now relying on their phones for quick loans instead of traditional banks.In 2025 alone, Ugandans borrowed at least Shs2.75 trillion through mobile money platforms, highlighting how digital le
The ruling arose from a disagreement between Prof Narathius Asingwire and his wife Rovinia Asingwire on one side and Natif on the other over the sale of a piece of land in Kampala.Natif had agreed to buy land from the Asingwires at a total price of Shs 1.05 billion.According to the
The President argues that underutilised land and poor planning—not a lack of opportunities—drive unemployment, even as new labour law reforms spark fresh debate over minimum wage and worker protections.President Museveni has said Uganda’s unemployment challenge stems less from a shor
For years, Pay As You Earn (PAYE) has felt like one of those silent deductions you don’t question. You just look at your payslip, sigh a little, and move on.But this time, it is different.For more than 10 years, Uganda has kept PAYE largely tied to a reality that no longer exists.
Parliament today approved and passed the 84.3 trillion shilling budget for the 2026/27 financial year, aimed at consolidating the NRM government’s achievements and promoting innovation. This comes at a time when national debt has risen, though it remains sustainable. However, the minority repor
Today’s economic hardship is real, with many Ugandans, especially teachers, feeling the pinch. The burden of debt is palpable, and it is affecting the quality of education. With salaries stretched thin, borrowing has become a survival tool. But the cycle of repayment pressure is taking a toll.
