Business & Markets

Dr James Musinguzi and the High-Stakes Test at Uganda Wildlife Authority

Jeff WintersThe Big StoryFebruary 10, 2026February 10, 2026

Dr James Musinguzi’s Uganda Wildlife Authority (UWA) sits at the core of Uganda’s ambition to radically scale its tourism economy. Under the Uganda National Tourism Policy (2025), the government is…

NSSF stake in MTN Uganda hits UGX1 trillion

Muhereza KyamuteteraBillionairesTechnology & InnovationFebruary 9, 2026February 9, 2026

MTN Uganda shares have staged a strong rally on the Uganda Securities Exchange (USE), delivering massive gains to its largest local investors in just eight weeks as the stock surged…

IMF Wants Govt to Introduce VAT on Fuel

CEO East Africa MagazineThe Big StoryFebruary 9, 2026February 9, 2026

The International Monetary Fund (IMF) has urged government to introduce Value Added Tax (VAT) on fuel products as part of a broader strategy to strengthen domestic revenue mobilization and improve…

Sanjay Rughani and the Test of a Leaner Standard Chartered Bank

Jeff WintersThe Big StoryFebruary 9, 2026February 9, 2026

Last week’s signing between the Government of Uganda and Standard Chartered Bank offered a reminder of the institution’s enduring strength. The €641.1 million (UGX 2.75 trillion) financing package, covering power…

Tax Appeals Tribunal resolves 146 disputes, unlocks UGX203bn in first half of 2025/26

Muhereza KyamuteteraPolitics & GovermentThe Big StoryFebruary 9, 2026February 9, 2026

Uganda’s Tax Appeals Tribunal (TAT) has resolved 146 tax disputes and unlocked UGX203.4 billion back into the economy in the first half of the 2025/26 financial year, as the quasi-judicial…

Government Paid UGX 47b to Staff of Rationalised Agencies Despite Being Absorbed Into Other Jobs

Paul MurungiThe Big StoryFebruary 8, 2026February 8, 2026

Government paid at least UGX 46.8 billion in terminal benefits to staff of rationalised agencies who were later re-appointed into public service.  The payments, the Auditor General noted in the…

UBC Records UGX 7.5bn Loss as Financial Pressures Deepen

Paul MurungiThe Big StoryFebruary 8, 2026February 8, 2026

Uganda Broadcasting Corporation (UBC) reported a loss after tax of UGX 7.5 billion in the 2024/25 financial year, a sharp deterioration from the UGX 1.432 billion loss recorded the previous…

Uganda Railways Records UGX 32.8b Loss as UGX 4.6b in Assets Sit Idle

Paul MurungiThe Big StoryTransport & LogisticsFebruary 8, 2026February 8, 2026

Uganda Railways Corporation (URC) closed the 2024/25 financial year with a net loss of UGX 32.810 billion, underscoring persistent structural and operational weaknesses in the railway sub-sector. Although the loss…

URSB’s Online Business Registration System Still Slow Despite UGX 6.5b Investment

Paul MurungiBusiness & MarketsThe Big StoryFebruary 8, 2026February 8, 2026

Uganda Registration Services Bureau’s (URSB) flagship digital business registration platform remains slow, unreliable and vulnerable to abuse despite an investment of nearly UGX 6.5 billion, according to the Auditor General….

UNOC Profits Surge to UGX 359.7b, but Fuel Buffer Gaps Expose Supply Risks

Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 8, 2026February 8, 2026

Uganda National Oil Company (UNOC) posted a strong profit of UGX 359.7 billion in the 2024/25 financial year, a sharp turnaround from the UGX 3.7 billion loss recorded the previous…