Business •
02 Jul '26
President Yoweri Kaguta Museveni has reaffirmed the government’s commitment to ensuring Uganda successfully co-hosts the 2027 Africa Cup of Nations (AFCON), pledging full financial backing, accelerated infrastructure development, and enhanced regional cooperat
Business •
17 Jun '26
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
Business •
16 Jun '26
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
Business •
12 Jun '26
Revenue officials say taxpayers are increasingly questioning how their money is used, warning that public trust and accountability are becoming critical to Uganda's efforts to raise Shs40 trillion in taxes and finance its record Shs84.39 trillion budget.KAMPALA — The Uganda Revenue Autho
Business •
12 Jun '26
Ibrahim Ssemujju Nganda has warned that Uganda’s Shs84.3 trillion budget, driven by heavy borrowing and domestic financing, could strain taxpayers and the private sector, as government defends its spending priorities in health, education and infrastructureFormer Kira Municipality Member
Business •
12 Jun '26
Uganda has allocated Shs5.23 trillion to the health sector in FY 2026/27 to strengthen healthcare delivery and reduce donor dependence, but the omission of Shs28 billion for medical interns has sparked concern over training gaps and staffing pressures in public hospitals.The government has
Business •
12 Jun '26
The Government of Uganda has downplayed a decision by the State of Kuwait to ban the recruitment of domestic workers from Uganda and 26 other nations, stating that the country has no formal bilateral ties with the Gulf state.Kuwait’s Ministry of Interior recently announced a sweeping ove
Business •
11 Jun '26
Uganda hits a major milestone toward first oil, drilling 199 wells to surpass the government threshold required for commercial production.KAMPALA, Uganda — Uganda has drilled 199 oil wells, surpassing the threshold required to begin commercial production later this year, according to the
Business •
11 Jun '26
The government has earmarked Shs2.26 trillion for agro-industrialisation in the 2026/27 financial year, targeting irrigation, value addition, agro-processing and agricultural research as part of efforts to transform Uganda’s agriculture sector into a more commercial and export-driven engine of
Business •
11 Jun '26
Uganda’s income per person is projected to rise to USD 1,420 (about Shs5.1 million) in the current financial year, Finance Minister Henry Musasizi announced Thursday, a milestone that underscores the country’s steady economic expansion ahead of the anticipated oil era.Presenting the 20