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URA Extends Tax Amnesty to Support Post-Pandemic Business Recovery

The Uganda Revenue Authority (URA) has extended its tax amnesty program, waiving interest and penalties on unpaid taxes as of June 30, 2023, for businesses that pay their principal tax by December 31, 2024. This extension aims to support businesses still recovering from the economic impact of the COVID-19 pandemic. In a continued effort to […]

KCCA Advances Waste-to-Energy Project in Mukono Amid Community Resistance

The Kampala Capital City Authority is pushing forward with plans to establish a waste-to-energy facility on 135 acres in Ddundu Parish, Mukono District, to address waste management challenges in Kampala. The Kampala Capital City Authority (KCCA) is advancing plans to develop a waste-to-energy facility on 135 acres of land in Ddundu Parish, Mukono District. The […]

New Era for Ugandan Coffee Farmers as Buganda Kingdom Speaks Out on Their Registration

The Katikkiro of Buganda, Charles Peter Mayiga, has assured coffee farmers in the kingdom that the European Union Deforestation Regulation (EUDR) registration exercise will bring numerous benefits to their livelihoods. Coffee producers in Buganda have received assurances from Charles Peter Mayiga, the Katikkiro, that the EUDR registration process will significantly improve their standard of living. […]

New MSME Financing Platform Launched to Accelerate Growth in Uganda

The MSME Financing Gateway Platform has been launched to support the growth of Uganda’s micro, small, and medium enterprises (MSMEs). Developed by the Private Sector Foundation Uganda (PSFU) and the International Trade Centre (ITC) with funding from the European Union (EU), the platform provides access to financing, tools, industry updates, and learning resources. In a […]

World Bank Boosts Resilient Urban Development in Greater Kampala Metropolitan Area

The World Bank is enhancing sustainable urban development in Uganda through the Greater Kampala Metropolitan Area Urban Development Program (GKMA UDP). With a $566 million investment, the program aims to address critical infrastructure and service delivery gaps by strengthening local governance, improving infrastructure, and fostering economic growth. The World Bank is committed to supporting the […]

Northern Uganda Aims to Become Commercial Production and Logistics Hub

The 5th Bi-Annual CEO Retreat will be held in Gulu City from September 12th to 14th, 2024, focusing on transforming Northern Uganda into a key commercial production and logistics hub for exports. With the theme “Battle to Green Field,” the retreat aims to promote agro-industrialization, enhance logistics, and drive economic growth in the region. Hon. […]

Uganda Sees Record FDI and Increased Remittances Amid Economic Growth

As of April 2024, Uganda’s foreign direct investments have increased to $3.01 billion, up from $2.8 billion in 2023, driven largely by the oil and gas sector. Remittances also rose from $1.25 billion in 2022 to $1.43 billion in 2023. The surge in investment is attributed to Uganda’s political stability, favorable economic policies, and strategic […]

$2 Million Project Launched to Boost Fertilizer Access for Ugandan Farmers

The Fertilizer Financing for Sustainable Agriculture project, funded by the African Development Bank Group with $2 million, has been launched to improve access to affordable and quality fertilizers for Ugandan farmers, particularly smallholders. The three-year initiative, in partnership with the African Fertilizer and Agribusiness Partnership, aims to supply 60,000 tons of fertilizers to 400,000 farmers […]

Speke Resort Convention Centre Joins Prestigious ICCA, Elevating its Status as a World-Class Events Destination

The Speke Resort Convention Centre (SRCC) has joined the prestigious International Congress and Convention Association (ICCA), solidifying its status as a top-tier global meetings and events destination. This membership connects SRCC with a global network of industry experts, enabling it to deliver world-class services. The Speke Resort Convention Centre (SRCC) has been admitted into the […]

Finance Secretary Ramathan Ggoobi Urges Ambassadors to Boost Economic Growth Through Innovative Strategies

In a recent retreat at the Civil Service College in Jinja, Uganda’s Permanent Secretary of the Ministry of Finance, Ramathan Ggoobi, urged ambassadors and heads of missions to play a key role in Uganda’s economic growth by focusing on innovative branding and marketing strategies. The Permanent Secretary in the Ministry of Finance, Planning, and Economic […]