Economy - 256trends.com

04
Feb

Economy

Uganda Launches Third Oil Field Licensing Round to Boost Reserves and Economic Growth

Cherop Amarie / 5 months
0
3 min read

Uganda’s Ministry of Energy initiates its third oil field licensing round to enhance reserves and stimulate economic growth, targeting the potential of the Albertine Graben. With 6.5 billion barrels of oil reserves, a significant portion economically recoverable, the push aligns with Uganda’s economic strategy. In a bid to bolster its oil reserves, Uganda’s Ministry of […]

01
Feb

Economy

6.8 billion Shillings Recovered from Kampala Tax Defaulters

Asekeny Joan / 5 months
0
2 min read

The Uganda Revenue Authority (URA) has successfully collected an amount of sh6.8 billion in just one week following the enforcement of compliance with the Digital Tracking System (DTS) and the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) in the Kampala Central Business District (CBD). Sandra Kaitare, the Assistant Commissioner of the Petroleum and Mining Division […]

30
Jan

Economy

Ministry Of Finance Disburses UGX 144.3 Bn for National Population Census Preparation

Nkunda Ricky / 5 months
0
3 min read

The Ministry of Finance and Economic Development has declared that a large amount of 144.3 billion Shillings will be provided for the National Population Census preparations. The Permanent Secretary and Secretary to the Treasury, Ramathan Goobi, disclosed during a press briefing on January 29, 2024, that the primary purpose of the funding is to purchase […]

30
Jan

Economy

Uganda Revenue Authority Promotes Tax Compliance and Road Safety in Transport Sector

Nkwanzi Sheena / 5 months
0
2 min read

The Uganda Revenue Authority, along with the Ministry of Works and Transport and the Uganda Police, is engaging with transporters to promote tax compliance and road safety. They emphasize the need for transporters to acquire Tax Identification Numbers (TINs) and pay advance income tax for vehicles. The initiative aims to improve tax collection and service […]

15
Jan

Economy

Uganda Aims for Investment Deals Totalling Sh3.036 trillion at the NAM Business Summit

Nkunda Ricky / 6 months
0
3 min read

The Private Sector Foundation of Uganda is poised to gain advantages from the East African Trade and Investment Summit, held alongside the 19th Non-Aligned Movement (NAM) Summit. Scheduled to take place at the Kampala Serena Hotel from January 15-18, 2024, under the theme “Unlocking East Africa’s Potential on the Global Stage.” The business community under […]

06
Jan

Source Of the Nile Women in Agribusiness to Share Experiences in NAM Summit.

Nkwanzi Sheena / 6 months
0
2 min read

The Non-Aligned Movement (NAM) summit in Uganda, scheduled for January 15th -20th, 2024, will include the Source of the Nile Women in Agribusiness Summit as a side event. Organized by the agriculture ministry, UN Women, and the NAM Secretariat, the session aims to showcase success stories of women in agribusiness, discuss policy needs, and inspire others.

22
Dec

Uganda’s Economic Surge: Exports Soar and Imports Decline in October 2023

Nkwanzi Sheena / 6 months
0
3 min read

In October 2023, Uganda experienced an 8.96% increase in merchandise exports, reaching $688.69 million. The rise was attributed to higher earnings from various sectors. Imports decreased by 5%, mainly due to lower private sector imports.

21
Dec

Uganda Unveils Strategies for Financing Sh53 Trillion National Budget

Cherop Amarie / 7 months
0
3 min read

The Ugandan government reveals comprehensive strategies for financing the Sh53 trillion national budget in the 2024/2025 fiscal year. Prioritizing service delivery and citizen livelihood improvement, the plan involves sourcing resources domestically and externally, utilizing tax revenue, loans, grants, and exploring innovative financing avenues.

21
Dec

World Bank-Funded Project to Offer Free Electricity Connections to One Million Poor Households in Uganda

Nkunda Ricky / 7 months
0
2 min read

The Ugandan government plans to provide free electricity connections to one million impoverished households as part of the Energy Access Scale-up Project (EASP). This was announced by Minearal and Energy Minister Hon. Ruth Nankabirwa during the Uganda Electricity Generation Company Limited (UEGCL) annual general meeting, the initiative is set to begin early next year with $638 million in funding from the World Bank.

20
Dec

Empowering Coffee Farmers: Minister Tumwebaze Advocates Strategic Organization

Asekeny Joan / 7 months
0
2 min read

Minister Tumwebaze urges Ugandan coffee farmers to organize through associations for better engagement with the government. He recently oversaw the allocation of coffee processing equipment worth two billion shillings to empower 75 farmers. This initiative aims to enhance on-farm processing, leading to improved farm gate prices.

Uganda Launches Groundbreaking Partnership...

NIRA Implements Iris Scans...

Government And Stakeholders Launch...

EACOP Project Progresses with...

URA Targets UGX 31.98...

Uganda’s Coffee Export Surge:...

Uganda Launches Third Oil Field Licensing Round to Boost Reserves and Economic Growth

6.8 billion Shillings Recovered from Kampala Tax Defaulters

Ministry Of Finance Disburses UGX 144.3 Bn for National Population Census Preparation

Uganda Revenue Authority Promotes Tax Compliance and Road Safety in Transport Sector

Uganda Aims for Investment Deals Totalling Sh3.036 trillion at the NAM Business Summit

Source Of the Nile Women in Agribusiness to Share Experiences in NAM Summit.

Uganda’s Economic Surge: Exports Soar and Imports Decline in October 2023

Uganda Unveils Strategies for Financing Sh53 Trillion National Budget

World Bank-Funded Project to Offer Free Electricity Connections to One Million Poor Households in Uganda

Empowering Coffee Farmers: Minister Tumwebaze Advocates Strategic Organization

URA Launches Tax Service Center in.

Nabakooba Launches GROW Programme to Empower.

Uganda and Oman: Paving the Way.

Uganda Government Launches Initiative to Formalize.

Uganda Launches Groundbreaking Partnership.

NIRA Implements Iris Scans.

Government And Stakeholders Launch.