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Finance Minister Matia Kasaija has this Thursday 12th June 2025 delivered Uganda’s 2025/26 National Budget at Kololo Independence Grounds, outlining a UGX 72.1 trillion spending plan designed to accelerate inclusive…
Uganda’s economic model, widely known as “Musevenomics,” is facing a pivotal test, as stakeholders at the Musevenomics Conference 2025 called for bold reforms to address persistent gaps that threaten to…
Navigating inflationary waters Bank of Uganda Deputy Governor, Micheal Atingi- Ego shares the story of Uganda’s monetary policy in 2024, which he says was one of cautious optimism and strategic actions, which helped keep core inflation (excluding volatile items like food crops and energy) stable. The BoU began the year with a Central Bank Rate (CBR) of 9.5%, gradually increasing it to 10.25% by April, before cautiously easing it to 9.75% by November. This signalled a balanced approach to maintaining monetary stability amidst external and domestic challenges. Concerns about exchange rate volatility, driven by the repositioning of yield-seeking offshore investors…
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The Income Tax(Amendment) Act 2023 has repealed Section 27A of the Principal Act which provided for initial allowances as a fiscal policy geared at enabling investors in industrialisation and manufacturing to recover costs of acquiring plant and machinery much faster than if they had to recover those costs only through capital deductions allowed through traditional depreciation. A depreciable asset is any plant or machinery, or any implement, utensil or similar article, which is wholly or partly used, or held ready for use, by a person in the production of income included in gross income and which is likely to lose…
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By Okettayot Vincent Okema Within the framework of the Second Industrial Development Decade for Africa (1991-2000), the United Nations General Assembly in 1989 proclaimed 20th November “Africa Industrialization Day”. A day observed to raise awareness about the importance of Africa’s industrialization and the challenges faced by the continent. Industrialization will help African countries achieve high growth rates and diversify economies; substantially contributing to poverty eradication through employment and wealth creation. As we celebrate this day we give cognisance to the growing youth unemployment problem that is causing serious political, economic, and social challenges to African countries and their leadership. Uganda…
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