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March 7, 2026
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    International Monetary Fund

    How Uganda’s economy can withstand global turmoil

    CEO East Africa MagazineBusiness & MarketsEconomy & PolicyThought LeadershipFebruary 10, 2026February 10, 2026

    By Bethuel Karanja From Washington to Beijing, the global economic weather is turning unpredictable. Trade rules that once anchored international commerce are fraying under the strain of protectionism, geopolitical rivalry…

    IMF wants Uganda to introduce VAT on fuel and cut excise duty to boost revenues, warning that poor sequencing could fuel public backlash and economic pressure.

    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…

    Finance Trust Bank Managing Director Annet Mulindwa Nakawunde, Opportunity Bank Chief Executive Officer Owen Amanya, ABC Capital Chief Executive Officer Jesse Timbwa and Guaranty Trust Bank Managing Director Ali Fatima. The four executives have steered their institutions through the difficult transition from Tier I commercial banks to Tier II credit institutions amid Uganda’s tighter capital regime.

    A Leaner, Stronger Sector, But at a Price: The UGX150b Rule Behind Uganda’s Four Bank Downgrades and an Exit

    The CEO Magazine TeamThe Big StoryJanuary 29, 2026January 29, 2026

    When Bank of Uganda, on Thursday (January 29, 2026), announced that Finance Trust Bank had been authorised to transition from a Tier I commercial bank to a Tier II credit…

    By 2000, Africa had no dollar billionaires. The continent now has 23. But what is more shocking, however, is that just four individuals now own more wealth than 750 million Africans combined.

    Africa’s Inequality Crisis: A Few are Growing Richer Amid a Rising Army of Poor People

    CEO East Africa MagazineThe Big StoryJuly 13, 2025July 13, 2025

    It’s just after sunrise in the hills of Kapchorwa, eastern Uganda. A smallholder farmer, barefoot and bent over with age, tends to her coffee shrubs. She’s been growing the crop…

    Uganda is not short of demand for credit, the challenge is supply

    CEO ReporterBanking & Financial ServicesBusiness & MarketsNews & AnalysisThought LeadershipApril 6, 2022April 6, 2022

    By Martin Mugisha In to the Monetary Policy Report February 2022, the Bank of Uganda said that Private Sector Credit (PSC) growth lost momentum in the quarter to December 2021,…

    Doris Akol Appointed Technical Assistance Advisor at the International Monetary Fund

    CEO ReporterWomen In LeadershipDecember 21, 2021December 21, 2021

    Former Uganda Revenue Authority (URA) Commissioner General Doris Akol has been appointed Technical Assistance Advisor at the International Monetary Fund. In a congratulatory message, former Kampala Capital City Authority executive…

    IMF Approves UGX3.5 Trillion Extended Credit Facility for Uganda to Support Covid-19 Recovery

    CEO ReporterThe Big StoryJune 29, 2021June 29, 2021

    The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF) for Uganda. The SDR722 million (200 percent of quota or…

    Parliament Approved Loans Worth UGX 18.6 Trillion in 2020, report says

    URNBanking & Financial ServicesJanuary 5, 2021January 5, 2021

    Last year Parliament approved loans to the tune of UGX18.69 trillion, according to the report detailing the business transacted by the House in the year 2020.   The approved loans are…

    IMF Wants COVID-19 Debt Relief Initiative Extended

    URNBanking & Financial ServicesDecember 17, 2020December 17, 2020

    The International Monetary Fund, IMF, is proposing that the multi-lateral lenders extend the Debt Service Suspension Initiative to the end of 2021 because most of the countries burdened will not…

    Uganda Receives UGX117bn COVID-19 Loan from African Development Fund

    URNBanking & Financial ServicesJuly 27, 2020

    Uganda has received a US$ 31.6m (UGX116.7 billion) loan from the African Development Fund (ADF) to help in the response to the Coronavirus (COVID-19) pandemic. In a statement sent out…

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