The Uganda Revenue Authority (URA) has expanded the scope of its Electronic Fiscal Receipting and Invoicing System (EFRIS) to cover twelve additional sectors, marking one of the most significant tax…
When Sylvia Mulinge stepped up to launch MTN Uganda’s latest sustainability report, her message was simple: profit alone is not enough. “A strong company must invest in the wellbeing of…
Uganda’s central bank is set to commence buying gold almost a year after announcing its domestic gold purchase programme, marking a significant shift in the country’s approach to reserve management and mineral sector policy. “We will soon begin buying gold,” said Bank of Uganda Governor, Michael Atingi-Ego, during a brief interview with CEO East Africa on the sidelines of the Annual Bankers Conference held yesterday at the Kampala Serena Hotel Conference Centre. Although the Governor, who appeared pressed for time, did not delve into the specifics of how the gold buying process would be rolled out, his remark signal a…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
In partnership with PostBank Uganda, the Women in Business Awards (WiBAS) has skilled over 719 Women in the second edition of the WiBAS Handholding Workshop, aimed at equipping women entrepreneurs…
Numbers Don’t Lie. In 2024, PostBank Uganda posted a record UGX 35.4 billion in net profit—up 28.7% from UGX 27.5 billion in 2023. Customer deposits surged 25.4% from UGX 789.8…
The Uganda Bankers’ Association (UBA) has reaffirmed its commitment to supporting the Ugandan government’s ambitious economic expansion strategy, which aims to grow the country’s GDP from USD 50 billion to USD 500 billion by 2040. Speaking at the 2025 UBA CEO Retreat, UBA Chairperson Julius Kakeeto emphasised the critical role of the banking sector in facilitating this transformation. He stated, “Finance is a key enabler. Appropriate financing is the key word here! There is a common belief that the strength of a nation depends on the depth and strength of its financial system.” He further underscored the importance of financial…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
James Wire, a technology and business consultant says the focus has been mainly put on large organisations especially banks, yet multitudes of small enterprises, which are termed “the backbone of the economy”, have lost lots of business.The government has since said it switched off the internet to prevent some people especially in the opposition from causing insecurity in the country. It insists that some of them are harbouring these ideas and have openly made the threats. Since early this week, there has been limited internet access with most Ugandans able to access it using the Virtual Private Networks, a kind of…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
By Damali Ssali. There are several factors that influence the value and volume of trade. However, tariffs on tradeable goods and services are one of the most significant factors. International trade grew dramatically in the second half of the 20th century. As an example, total global trade in 2000 was 22 times greater than it had been 1950. This increase in multilateral international trade occurred when trade barriers, especially tariffs, were significantly reduced or in some cases eliminated across large trade blocks in Asia, America and Europe. Tariffs are taxes levied on imports and exports between states with the aim…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
