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TodayThursday, April 23, 2026

International Monetary Fund

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 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

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 fiscal sustainability.
February 9, 2026
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.
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

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 institution, it
January 29, 2026
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.
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

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 for over
July 13, 2025
Tao Zhang, Deputy Managing Director and Acting Chair says Prudent debt management is important to reduce vulnerabilities, particularly given Uganda’s moderate risk of debt distress. Courtesy photo

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

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 about US$1
June 29, 2021
There are 39,188 confirmed COVID-19 cases, with 433 active cases and 318 deaths in Uganda. Courtesy photo

IMF Wants COVID-19 Debt Relief Initiative Extended

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 recover by
December 17, 2020
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