Government of Uganda and Standard Chartered Bank Uganda have signed financing agreements worth EUR 641.1 million (Shs 2.747 trillion) to fund three major infrastructure projects aimed at supporting the country’s Ten-Fold Growth Strategy and expanding the economy to USD 500 billion by 2040.
EFRIS was first legally introduced through the Tax Procedures Code (E-Invoicing and E-Receipting) Regulations in 2020, with mandatory use by VAT-registered taxpayers beginning on 1 July 2020.In today’s rapidly digitizing economy, tax compliance in Uganda is no longer a back-office obliga
UEDCL also advised all affected customers to switch off their electrical appliances until power supply is fully restored.The Uganda Electricity Distribution Company Limited (UEDCL) has announced a planned power shutdown that will affect several areas on Wednesday, February 11, 2026, from 8
Former Mawokota South Member of Parliament Yusuf Nsibambi has reversed his earlier decision to cancel bursary support for dozens of students following public backlash and counselling from his wife.Nsibambi recently made headlines after losing his parliamentary seat and taking a series of c
Outrage has erupted in parts of Mawokota County South after Forum for Democratic Change (FDC) Parliamentary Whip and outgoing MP Yusuf Nsibambi allegedly withdrew bursary support for dozens of students following his defeat in the recent presidential and parliamentary elections.Nsibambi is
Mpigi District was thrown into shock and anger after Buyaaya–Kitojjo village stayed in total darkness for nearly two weeks. What first appeared to be a normal power outage has now exploded into a major political and criminal controversy involving a former Member of Parliament.The Uganda
President Yoweri Museveni has inaugurated PRO Industries, the largest ethanol plant in East Africa, highlighting the $100-million investment as a significant advancement for Uganda’s agro-industrialization, clean energy production, and job creation.Located in Luwero District in central U
KYANKWANZI, Uganda — The government has allocated an additional 1 trillion shillings to the Uganda Development Bank this financial year, a move intended to lower the cost of credit and bolster the bank’s ability to fund large-scale private sector projects.Prime Minister Robinah Nabbanj
KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its books in the red, following the termination of its electricity distribution concession in Uganda.In a public notice issue
Kampala — Uganda’s flagship hydropower projects are operating far below their available generation capacity, raising concerns over revenue shortfalls and the country’s ability to service billions of dollars in Chinese loans used to build the plants, the Auditor General has warned.In
