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URA Urges Full Tax Compliance from Government Entities

The Uganda Revenue Authority (URA) is calling on Ministries, Departments, and Agencies (MDAs) to enhance tax compliance to close revenue gaps. Marion Lubowa from the Public Sector Office (PSO) highlighted the progress in filing ratios, which have increased from 35% to 90%, but stressed the need for 100% compliance The Uganda Revenue Authority (URA) has […]

Afreximbank and UDB Partner to Boost Uganda’s Private Sector Investment

Afreximbank and UDB have partnered to provide early-stage project preparation financing to Uganda’s private and public sectors. The $25 million facility will support industrialization and export development by funding the preparation of investment-ready projects across key sectors. The African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have entered into a strategic partnership to […]

Government Nears Completion of UGX 60 Billion Loan to Tackle Kampala Garbage Crisis

Prime Minister Robinah Nabbanja announced that the government is close to securing a UGX 60 billion loan to address Kampala’s garbage management crisis, following a tragic landslide in Kiteezi. Ongoing efforts include finding temporary solutions and attracting investors for waste recycling. The Government is in the final stages of securing a loan amounting to UGX […]

Bank of Uganda Deputy Governor Reshuffles Top Executives Amid Staff Resistance

Deputy Governor of Bank of Uganda, Michael Atingi-Ego, has initiated a major reshuffle of top executives after a year of staff resistance. Key changes include David Kalyango moving from Executive Director of Finance to head of bank supervision, replacing Twinemanzi Tumubwine, who now leads the National Payments Systems. The Deputy Governor Bank of Uganda, Michael […]

UK Experts Boost Uganda’s Cryptocurrency Tax Investigations

The Uganda Revenue Authority recently received training from the UK’s His Majesty Revenue and Customs on handling cryptocurrency for tax purposes. The training, aimed at enhancing URA’s capacity to manage and regulate crypto-related transactions, included insights from HMRC’s successful approach and strategies. Recently, staff from the Uganda Revenue Authority (URA)’s Tax Investigations Department received training […]

Uganda and China Discuss Enhancing Investment Opportunities

The Uganda Revenue Authority recently met with the Weifang Bureau of Investment Cooperation and Promotion to discuss increasing Chinese investments in Uganda. Guo Xingping, Chairman of the Bureau, highlighted China’s significant foreign investments and noted Uganda’s potential in agriculture and industry. The Uganda Revenue Authority (URA) recently engaged with members of the Weifang Bureau of […]

Total Energies Acquires Stake in Uganda’s Bujagali Hydropower Project to Boost Renewable Energy Presence in Africa

TotalEnergies has acquired a 28.3% stake in Uganda’s 250MW Bujagali hydropower plant, the country’s largest power plant, marking a significant expansion in Africa’s renewable energy sector. The acquisition, made through an agreement with Norwegian company Scatec, includes interests in renewable projects in Rwanda and Malawi. The Bujagali plant, located on the Victoria Nile, meets over […]

Museveni Delivers Shs 1.2 billion to Ghetto SACCOs, Supporting Economic Empowerment in Kampala

President Museveni has fulfilled his Shs 1.2 billion pledge to ghetto leaders in the Kampala Metropolitan Area, distributing Shs 100 million to each of 12 ghetto SACCOs. This initiative aims to empower local youth by supporting small businesses and encouraging savings. President Museveni in a group photo with Ghetto leaders at State House Entebbe on […]

Buikwe District Receives Heifers from President Museveni for Wealth Creation

President Museveni’s donation of 10 heifers to development groups in Buikwe District is part of a State House initiative to promote alternative income-generating activities among fishing communities. The programme focuses on wealth creation through dairy farming and other agricultural practices. President Yoweri Museveni has donated 10 heifers to various development groups in Buikwe District to […]

Luweero’s State-of-the-Art Coffee Factory Revolutionizes Local Coffee Production

A new state-of-the-art coffee factory in Luweero, established by the Uganda Coffee Farmers Alliance (UCFA) with European Union support, aims to revolutionize local coffee production. With a daily processing capacity of 50 metric tonnes, it serves 24 cooperatives and benefits 60,000 households. Previously, farmers faced challenges with post-harvest handling and low prices due to the […]