Economy

EconomyInfrastructurePolitics & Policy

Museveni bullish about economy in State of the Nation address

President Museveni said the economy will grow faster in the next fiscal year because of his government’s sustained investment in physical infrastructure
Economy

Good news for the economy as lending to real estate grows faster

Private sector credit growth improved slightly in April, showing its best year-on-year rate in 24 months, figures published by the central bank show
Construction workers at a construction site
Economy

Uganda goods trade deficit rises to highest in seven months

A decline in the value of Uganda's goods exports even as the cost of imports rose was responsible for the trade deficit accelerating to its highest since September 2017 in April
Busy market in Kampala, Uganda
Economy

Business activity strengthens further but production costs a growing concern

Business activity rose to the highest extent recorded so far this year in May, propelled by stronger demand, according to a survey of purchasing executives in 400 private sector companies
An industrial storage area
Economy

Parliament committee recommends stamp duty exemption for hotels and hospitals

In an effort to raise more domestic revenue, the Government of Uganda is proposing amendments to the Stamp Duty Act, 2014. The amendments will provide for the imposition of stamp duty on instruments used in Islamic financial transactions.
EconomyPolitics & Policy

Can Uganda collect more taxes? The World Bank thinks so

Uganda collects far less tax revenue than it has the potential to. The World Bank's recently released 11th Economic Update for Uganda looks at areas that are under-taxed or not taxed in which the introduction of new taxes will increase domestic revenue
Economy

Central Bank changes pricing system for government debt

The Bank of Uganda has announced a change in the pricing of government debt in primary auctions from the current multiple prices to a single price, according to a statement issued on Monday
Bank of Uganda's head office in Kampala.
Economy

Economy expected to expand on better weather and increased public investment

Uganda will experience more growth due to rains that have increased agriculture output, a stronger global outlook, and the development of oil infrastructure as the country prepares for commercial petroleum production, the World Bank said on Tuesday
EconomyPolitics & Policy

Uganda losing a fortune in potential revenue due to ineffective tax collection – World Bank

Uganda is not collecting as much as it could in taxes, according to the latest country economic update from the World Bank launched today in Kampala
EconomyPolitics & Policy

We are waiting for EAC’s decision on EPAs—EU

The European Union is likely to continue pushing the East African Community on the free trade agreements, the Economic Partnership Agreement (EPA), on which the five regional member countries maintained protracted differences.
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