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April 21, 2026
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    Business News East Africa

    Government says the proposed excise duty on all cash withdrawals aims to boost revenue and fairness, as Uganda grapples with high cash usage and pushes toward a more transparent, digital financial system.

    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…

    Government plans to reduce the vehicle import age limit to 13 years and increase environmental levies on older vehicles to cut emissions, save foreign exchange, and boost revenue in the 2026/27 financial year.

    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…

    Ramathan Ggoobi is steering Uganda toward a new fiscal era, pairing fresh taxes with aggressive enforcement to raise nearly UGX 4.8 trillion. His strategy signals a shift from policy to compliance, betting that smarter collection, not just higher taxes, will unlock revenue and reshape how the country funds its development ambitions.

    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…

    MTN secures a procedural victory as the Tax Appeals Tribunal halts URA’s objection, allowing the telecom giant to challenge a UGX 169.9 billion tax dispute without upfront payment.

    Tax Appeals Tribunal Halts URA’s Objection to Non-Payment of 30% of Disputed UGX 169.9b by MTN Over Due Process Failures

    Muhereza KyamuteteraThe Big StoryMarch 26, 2026March 26, 2026

    In a landmark ruling that sharpens the contours of tax enforcement and taxpayer rights in Uganda, the Tax Appeals Tribunal (TAT) has halted Uganda Revenue Authority’s (URA) objection to MTN’s…

    Diageo’s planned exit from EABL will also ripple into Uganda, where the group operates through Uganda Breweries Limited, underscoring the regional stakes of a deal that spans key alcohol markets across East Africa.

    Diageo Says Kenyan Distributor Weaponising Case to Frustrate its Exit From EABL

    Jeff WintersThe Big StoryMarch 26, 2026March 26, 2026

    British multinational Diageo has accused a Kenyan beer distributor of attempting to weaponise an ongoing court case to block its planned exit from East African Breweries Limited (EABL), as it…

    MTN and Stanbic: A Comparative Look at Two Market Leaders

    Muhereza KyamuteteraThe Big StoryMarch 25, 2026March 25, 2026

    MTN Uganda and Stanbic Uganda, arguably two of Uganda’s largest listed companies, have both released their 2025 financial results. Beyond their scale, the two are also among the country’s biggest…

    Stanbic Bank CEO Mumba Kalifungwa Delivers UGX 591 billion Profit in First Year

    Paul MurungiThe Big StoryMarch 23, 2026March 23, 2026

    Kenneth Mumba Kalifungwa’s first year as Chief Executive of Stanbic Bank Uganda delivered a strong profit performance. However, beneath the headline numbers lies a more nuanced story of growth, rising…

    Government has ordered the cancellation of several land titles overlapping Uganda Investment Authority land in Namanve Industrial Park after investigations confirmed the land was already registered under UIA in 2001.

    Several Land Titles Created on Namanve Industrial Park Land Cancelled

    Jeff WintersThe Big StoryMarch 16, 2026March 16, 2026

    The Ministry of Lands has ordered the cancellation of several land titles that were created on land belonging to the Uganda Investment Authority (UIA). The move, government says, is part…

    A graphic representation of how MTN and Airtel's balance sheets look.

    MTN vs Airtel: Balance Sheet Strength Meets Earnings Momentum in the Race to Win the Telecom Market

    Jeff WintersThe Big StoryMarch 14, 2026March 14, 2026

    Uganda’s telecom sector is increasingly defined by a two-horse race between MTN and Airtel. Both companies are growing strongly, benefiting from rising smartphone adoption, data usage, and mobile money transactions….

    Under Sylvia Mulinge’s leadership, MTN has strengthened its financial position, accelerated growth in data and fintech, and expanded network investment, positioning the telecom to capture Uganda’s fast-growing digital economy.

    Five Years of Ambition: MTN Caps Strategy Cycle With Strong Growth

    Muhereza KyamuteteraThe Big StoryMarch 13, 2026March 13, 2026

    MTN Uganda has closed the final year of its Ambition 2025 strategy with strong financial and operational performance, underscoring the success of the telecom giant’s five-year push to transform from…

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    Latest Stories

    • Parliament has withdrawn the Traffic & Road Safety (Amendment) Bill, 2026, halting plans to reduce the vehicle import age limit from 15 to 13 years. Lawmakers cited affordability concerns, warning the move would raise car prices and transport costs, despite government’s push for cleaner, more efficient vehicles.
      Bill Seeking to Ban Importation of Cars Older than 13 Years Collapses
      by Jeff Winters
      April 21, 2026
    • Attorney General Kiryowa Kiwanuka defends the Bill as a transparency tool, Uganda Bankers Association head Wilbrod Owor warns of risks to capital flows, while journalist Charles Onyango-Obbo questions its sweeping definitions, together reflecting the legal, economic, and public tensions shaping debate over Uganda’s proposed Protection of Sovereignty Bill.
      A Bill Like No Other: Sovereignty Protection Push Raises Economic, Legal, and Political Questions
      by Jeff Winters
      April 21, 2026
    • Delhi Public School (DPS) International Kampala Posts Strong CBSE Results; One-Third of Class Scores Above 90%
      by CEO East Africa Magazine
      April 21, 2026
    • Bank of Uganda kicks off domestic gold purchase from licensed miners in three-year pilot programme
      by Paul Murungi
      April 21, 2026
    • Court of Appeal Halts $230,000 Share Payment in Billionaire Amos Nzeyi’s Nando’s Franchise Dispute
      by CEO East Africa Magazine
      April 21, 2026
    • Court of Appeal Upholds UGX 50 Million Damages Against UDB for Unjustified Withdrawal of Client Loan Facility
      by CEO East Africa Magazine
      April 21, 2026
    • Ibrahim Kaddunabbi Lubega has led Uganda’s Insurance Regulatory Authority since 2010, overseeing the sector’s growth from UGX 240 billion to over UGX 2 trillion. His long tenure has brought stability and expansion, but now faces scrutiny as questions emerge over term limits and the future leadership of the Authority.
      Who Will Be the Next Insurance Regulatory Authority CEO: Or Will Lubega Be Granted a Fourth Term?
      by Jeff Winters
      April 20, 2026
    • Victoria University Appoints Meera Ruparelia to Council, Signalling a New Era of Leadership
      by CEO East Africa Magazine
      April 20, 2026
    • Uganda Airlines Restores Airbus A330-800neo to Service, Boosts Dubai Flights After Fleet Disruptions
      by Paul Murungi
      April 20, 2026
    • Strengthening Governance and Environmental Responsibility: The 2026 Tax Procedure and Miscellaneous Bills
      by CEO East Africa Magazine
      April 20, 2026

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