On the surface, Uganda’s real estate sector appears to be thriving. Cranes dot Kampala’s skyline, mortgage uptake is rising, and Government revenue from corporate and rental income taxes continues to grow. But beneath this apparent progress lies a quieter strain—one that tax experts warn could slow the sector’s momentum if left unaddressed. Patricia Kiggundu, a Tax Manager at PwC Uganda, likens the situation to the old parable of the goose that laid golden eggs. Real estate, she argues, is steadily contributing to the economy, but excessive or poorly structured taxation risks killing off its long-term potential. Recent figures show why…
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The Industrial Court has ordered Uganda Airlines to pay its former Chief Executive Officer, Cornwell Muleya, more than UGX455 million following a ruling that found his dismissal illegal. In a detailed judgment delivered on October 24, 2025, by Justice Anthony Wabwire Musana, court held that Muleya’s suspension and eventual termination violated the Employment Act. Additionally, it contravened Uganda Airlines’ Human Resource Manual, particularly for failing to accord him a fair hearing before dismissal The award comes after a long legal battle that began when Muleya challenged his 2022 dismissal, arguing that he had been unfairly removed without due process. Court…
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In all of Uganda’s government programmes, no initiative has captured the spirit of grassroots transformation quite like the Parish Development Model (PDM).It is the most ambitious effort yet to connect public finance directly to ordinary citizens, taking government services, credit, and enterprise support to the parish—the lowest administrative level of Uganda’s economy. Launched in February 2022, the PDM seeks to transition 3.5 million subsistence households into the money economy by channelling resources to local communities. The results are already visible: UGX 3.29 trillion disbursed to over 2.4 million households, and financial inclusion rising from 77% in 2018 to 81% today….
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For decades, Uganda’s trade story has been defined by its deepening integration into regional markets, rising dependence on Asia, and enduring ties with Europe. But when you look past the big numbers and focus on balance of trade, who buys more from Uganda than Uganda buys from them, the picture of Uganda’s “real” trading partners changes dramatically. Uganda’s external trade has expanded significantly in the past five years. Exports more than doubled from $5.3 billion in the 2020/21 financial year to $10.6 billion in the 2024/25 financial year. Imports also rose, from $8.3 billion to $13.2 billion over the same…
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Uganda’s banking sector has never been stronger on paper. And the Bank of Uganda’s latest Financial Soundness Indicators show why. Banks, the indicators show, are heavily capitalized, flush with liquidity, profitable, and increasingly resilient. Regulatory capital sits above 25% of risk-weighted assets, double the global standards. Non-performing loans have fallen from 5.2% to 4.1% in a year, while liquidity coverage ratios have surged to an extraordinary 580%. Returns on equity remain a solid 16 to 17%. In short, Uganda’s banks are safe, liquid, and among the most profitable in the region. Yet behind this impressive stability lies a nagging paradox:…
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The private sector entered August on a cautious but hopeful note. Two major business surveys show that while the economy remains on a growth path, financial strain and weak present conditions are dampening sentiment. The Bank of Uganda’s Business Tendency Indicators (BTI) pointed to declining confidence in current conditions. But firms expressed soaring optimism for the coming months. Meanwhile, the Stanbic Bank Purchasing Managers’ Index reported steady expansion. It highlights resilience in output, hiring, and new orders despite inflationary pressures. Confidence slips in the present, but expectations rise Bank of Uganda’s BTI shows that overall business confidence stood at 57.2…
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On July 25, the Uganda Gazette carried General Notice No. 2218 of 2025, signaling a shift in the approach to tax compliance and digitization. The notice indicated that Uganda Revenue…
Christine Aber wakes before the sun does in Northern Uganda. She sets up her modest stall and begins the daily grind – selling a humble mix of millet flour, rice,…
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 target for the 2024/25 financial year by Shs174.11 billion, collecting Shs31.54 trillion—a 100.54% performance. The numbers tell a story of discipline, economic recovery, and a pivot towards digital administration. They also tell a story of how domestic resilience and global trade are the twin engines of Uganda’s fiscal base. But as URA basks in the moment, the real challenge is scaling the mountain of UGX36.74 trillion in the 2025/26 financial…
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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…
