MTN Uganda plans to spin off its mobile money arm, MTN MoMo, into a separate entity, a move that could alter the structure of its business in one of its largest African markets.In a regulatory filing last week, the company said it “intends to implement a proposed
The government has announced new tax measures on cigarettes, beer, imports, and agricultural by-product exports in the 2025/26 national budget, in a bid to boost domestic revenue and harmonize with regional tax frameworks.Presenting the budget to Parliament on Thursday, Finance Minister Ma
The Permanent Secretary of the Ministry of Finance Ramathan Ggoobi, who is also the Secretary to Treasury has said Uganda is on a mission to change its destiny, noting that in 15 years from now, naysayers will be proved wrong.“ We are people on a mission. Some people think we are still i
A stark warning has been issued from the corridors of parliamentary oversight, painting a grim picture of Uganda's fiscal health.The Shadow Minister for Finance, Ibrahim Ssemujju Nganda, has cast a critical spotlight on the government's ambitious, and arguably perilous, pl
US President Donald Trump has said his relationship with Elon Musk is over."I would assume so, yeah," Trump told NBC News on Saturday, when asked if he thought the pair's close relationship had ended. He replied "No" when asked if he wished to mend the damaged ties.
The Ministry of Finance has announced that over Shs 8.03 trillion has already been channelled into Uganda’s key wealth creation programmes—namely the Parish Development Model (PDM) and Emyooga—marking a substantial boost in efforts to transform household incomes and uplift the national econ
For 130 days, tech billionaire Elon Musk was a "special government employee" working inside the Trump administration to slash what he said were wasteful government programmes and bloated departments.Now, after his exit last week, he is back on the outside. And it is the Tr
The Standard Gauge Railway (SGR) project took a significant step forward as Turkish contractor M/S Yapi Merkezi Insaat Ve Sanayi A.S was formally introduced to the leadership and stakeholders of Tororo District.The event, held at the Tororo District Council Hall, also unveiled the project
L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.The lender
Housing Finance Bank has won two national awards for its outstanding efforts in boosting agricultural productivity and supporting Uganda’s small businesses to recover from recent economic shocks.The accolades — the Agricultural Credit Facility (ACF) Award and the Small
