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March 7, 2026
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    Ministry of Finance

    URA beat its revenue target for the 2024/25 financial year by UGX174.11 billion, collecting a record Shs31.54 trillion—a 100.54 percent performance.

    URA surpasses target with UGX31.5 trillion haul, eyes digital future

    Editorial, CEO East AfricaBanking & Financial ServicesNews & AnalysisJuly 7, 2025July 7, 2025

    In a fiscal climate where many economies are gasping under debt and tax collection fatigue, Uganda Revenue Authority (URA) has pulled off a remarkable feat. It has beaten its revenue…

    President Museveni Moves to Save Aponye’s Empire as Banks Close In

    Paul MurungiThe Big StoryJuly 4, 2025July 4, 2025

    President Yoweri Kaguta Museveni has officially stepped into the unfolding financial crisis surrounding Aponye (U) Ltd, one of Uganda’s largest agro-logistics conglomerates, directing urgent government intervention to address the company’s…

    Kiira Motors has signed Letters of Intent with Nigeria for over 3,000 buses and Tanzania for 100 units. But without sufficient production, these deals are nothing more than theoretical lifelines.

    Underwhelming Returns: With a Target of UGX197b, Kiira Motors Only Earned UGX2.3b in the 2023/24 Financial Year, Which is Just 1.2%

    CEO East Africa MagazineBusiness & MarketsNews & AnalysisThe Big StoryJune 23, 2025June 23, 2025

    In Uganda’s long journey toward industrial self-reliance, Kiira Motors Corporation (KMC) stands as a symbol of ambition: a state-owned automaker daring to challenge a global industry from the heart of…

    Uganda Property Holdings sits on a fortune of assets and potential, yet a number of its fundamentals have been declining due to the accumulation of uncollected rent.

    Asset-rich, Efficiency-poor: The Dilemma that Uganda Property Holdings Finds Itself In

    CEO East Africa MagazineReal Estate & ConstructionThe Big StoryJune 23, 2025June 23, 2025

    If Uganda Property Holdings Limited (UPHL) were a building, it would be a grand structure – spacious, magnificent on the outside, and centrally located. But get in and you notice…

    Auditor General Edward Akol (right) reveals a cocktail of failures, including delayed or non-payment of enumerators, which could have been one of the earlier signs of a messy census conducted by Ubos under the leadership of Chris Mukiza.

    The Census that Cannibalized the System: Auditor General Digs Inside Uganda’s UGX396 billion Data Gamble

    CEO East Africa MagazineBanking & Financial ServicesEntrepreneurshipPolitics & GovermentJune 17, 2025June 17, 2025

    “Counting people should never cost a country its ability to make people count.” These words, first voiced during a 2015 keynote address by South African statistician Pali Lehohla at a…

    In his response to audit queries, Benson Turamye (right) reported unmet targets as realized, which Auditor General Edward Akol (left) considered a misrepresentation of the issues.

    Caught offside: Auditor General Tells Benson Turamye’s PPDA to Stop Misreporting on Unmet Targets

    CEO East Africa MagazinePolitics & GovermentThe Big StoryJune 13, 2025June 13, 2025

    When the authority responsible for procurement and disposal of public assets falters in its duties, the impact doesn’t just stay within its walls – it ripples dangerously through the economy,…

    Standard Chartered Uganda Hosts Investment Dialogue to Boost Regional Trade 

    Paul MurungiBanking & Financial ServicesCompany NewsMay 23, 2025May 24, 2025

    Standard Chartered is set to invest in boosting regional trade, particularly between Uganda and the Middle East.  The Middle East has emerged as one of the major export destinations for…

    UEDCL Acquires More UGX 91 billion Loan From Absa Bank To Refurbish Dilapidated Electricity Infrastructure

    Paul MurungiNews & AnalysisPolitics & GovermentThe Big StoryMay 23, 2025May 23, 2025

    Uganda Electricity Distribution Company Limited (UEDCL), which has managed the country’s electricity distribution assets for 53 days since Umeme’s exit, has secured a USD 25 million (UGX 91 billion) loan…

    Finance Ministry makes concessions on budget.

    Brian EmorutBanking & Financial ServicesNews & AnalysisMay 1, 2025May 1, 2025

    The Ministry of Finance has made key concessions to Parliament’s budget demands, marking a shift in tone after last year’s heated disagreements between lawmakers and the Executive over funding priorities….

    Gov’t turns to Absa Bank for UGX 183 billion loan to fund UEDCL’s takeover from Umeme

    Paul MurungiBanking & Financial ServicesNews & AnalysisThe Big StoryMarch 19, 2025March 19, 2025

    Government, through Ministry of Finance is seeking about $ 50 million (UGX 183 billion) from Absa Bank as capital investment into the Uganda Electricity Distribution Company Limited (UEDCL) to fully…

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