Government has abandoned a proposed 0.25% excise duty on cash withdrawals from the financial system. The proposal, initially fronted under the 2026/27 Revenue Enhancement and Compliance Measures, was part of...
The World Bank has pledged financial support for Uganda’s long-anticipated Standard Gauge Railway (SGR) project following high-level discussions with President Museveni at State Lodge, Nakasero. The financial pledge adds fresh...
FINCA Uganda Managing Director James Onyutta is facing a challenging year ahead after the microfinance deposit-taking institution slipped into the red, posting a net loss of UGX 662.24 million for...
Bank of Baroda Uganda has reported a 17.1 percent increase in profit after tax to UGX 156.84 billion in 2025, up from UGX 133.95 billion in 2024, underscoring a period...
By Helen McIntee-Carlisle– President of African Marketing Confederation For decades, the narrative of African trade was written by others. The continent was primarily a supplier of commodities – the ingredients...
Rwanda’s rapid development and business-friendly environment have attracted increasing foreign interest in real estate and agricultural investments. However, the country’s land rights framework is complex and uniquely shaped by its…
Many analysts agree that the Ugandan economy in 2024 exhibited remarkable resilience, navigating a landscape fraught with global uncertainties and regional challenges. At the centre of this performance was Dr…
Former Uganda Communications Commission (UCC) Acting Executive Director, Eng. Irene Kaggwa’s exit from government is relatable to Jesus’ biblical expression of “a stone which builders rejected [eventually] became the cornerstone.”…
Imagine stepping into Africa’s booming financial sector with a community behind you, ready to help you connect, grow, and lead. Becoming a member of the Kigali International Financial Centre (KIFC)…
The financial profession is undergoing a seismic shift. The age-old notions of bookkeeping and audit trails have given way to a dynamic era where finance leaders are pivotal in shaping…
On the 23rd of December, 2024, four ABMAK Associates’ lawyers made their mark by securing a fair ruling for Heritage Oil in a protracted legal battle against Uganda Revenue Authority…
The High Court’s Commercial Division Judge, Susan Abinyo, has issued an order to Uganda Revenue Authority (URA) to refund excess tax to Heritage Oil after a decades-long legal battle between…
The handover of Umeme licenses for the sale and distribution of electricity to Uganda Electricity Distribution Company Limited (UEDCL) has put the country’s energy sector into sharp focus, especially with…
MTN Uganda has secured UGX 370 billion (USD 100 Million) in debt financing in one of the largest local currency debt transactions in Uganda, which will be used by the…
The bill for creating the Uganda National Roads Authority (UNRA) was passed by the Parliament of Uganda in May 2006 and assented to by the President in June 2006. The…