Business & Markets

All Cash Withdrawals Now to be Taxed

Jeff WintersThe Big StoryMarch 29, 2026March 29, 2026

In a move that seeks to boost domestic revenue, government has proposed a new levy on all cash withdrawals across the financial system. The 2026/27 Revenue Enhancement and Compliance Measures…

MTN Group refreshes board with five new directors

Kisakye ImaniTechnology & InnovationMarch 29, 2026March 29, 2026

MTN Group has announced a major reshuffle of its board, appointing five independent non-executive directors as part of an extensive succession planning process. The move also coincides with a leadership…

Diamond Trust Bank Exits Burundi Market, Sells Subsidiary to Local Investors

Paul MurungiThe Big StoryMarch 29, 2026March 29, 2026

Diamond Trust Bank Group has formally exited the Burundi market after selling its 83.67% stake in Diamond Trust Bank Burundi to a consortium of largely local investors, bringing to a…

Behind Every Step, A Child’s Story: Why Uganda Must Show Up for the 2026 Childhood Cancer Colour Run

Muhereza KyamuteteraCompany NewsPhilanthropy & Personal LegacyMarch 28, 2026March 28, 2026

On Saturday, May 17, 2026, Kampala will once again be awash in colour, energy, and purpose as hundreds of Ugandans gather for the 4th edition of the Childhood Cancer Colour…

Pearl Bank Donates Motorcycles to Help Church of Uganda Inspect Remote Schools

Paul MurungiCompany NewsMarch 27, 2026March 27, 2026

Pearl Bank has supported efforts to improve access to remote schools by donating motorcycles to Diocesan Education Inspectors (DEIs) under the Church of Uganda (COU) Education Directorate. The initiative is…

Govt Moves to Ban Importation of Cars Older Than 13 Years

Jeff WintersThe Big StoryMarch 27, 2026March 27, 2026

Government is proposing sweeping changes to motor vehicle importation rules under the Traffic and Road Safety Act, as part of broader reforms contained in the Revenue Enhancement and Compliance Measures…

She Chose Humanity: How Miriam Opwonya Laker-Oketta Is Redefining Leadership through Dignity and Compassion

Kisakye ImaniThe Big StoryMarch 27, 2026March 27, 2026

In a world with many pains, treating people humanely is fundamental. It is the simple joys that restore hope to people, and Miriam Opwonya Laker-Oketta has experienced that firsthand. She…

Promoters Will be Required to Withhold 6% or 15% on Payments Made to Artists in New Tax Measures

Jeff WintersThe Big StoryMarch 27, 2026March 27, 2026

Starting the next financial year (2026/27), promoters will be required to withhold a 6% tax on any payments made to local artists and public entertainers. Under the new tax measure,…

Inside Ramathan Ggoobi’s Plan to Raise UGX 2.3 Trillion in New Taxes and UGX 2.54 Trillion Through Enforcement

Jeff WintersThe Big StoryMarch 26, 2026March 26, 2026

When Finance Minister Matia Kasaija tabled government’s latest revenue proposals, attention quickly fixated on one figure: UGX 2.3 trillion expected from new tax measures. But buried deeper in the annexes…

UNOC Calls for Stronger QHSSE Standards as Sector advances to Oil Production

Brian EmorutEnergy, Oil & GasNews & AnalysisMarch 26, 2026March 26, 2026

The Uganda National Oil Company (UNOC) today held a Supplier Development Workshop on Quality, Health, Safety, Security and Environmental (QHSSE) requirements at Kabira Country Club in Kampala, bringing together suppliers…