Over the past four decades, a generation of entrepreneurs, professionals, farmers, and property owners has built significant wealth. As this generation retires or passes on, the challenge facing families is no longer accumulation, but continuity. Yet Uganda’s framework for trusts remains institutionally anchored in a system designed for land administration rather than economic governance. That mismatch is no longer theoretical. It is now economically costly. Trusts have outgrown land-centred regulation Historically, trusts in Uganda were closely associated with land—family holdings, Mailo interests, and protection of property for widows and minors. Although trusts are incorporated under the Trustees Incorporation Act, their…
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Piracy and Intellectual Property theft have long plagued Uganda’s creative sector, robbing musicians, filmmakers, producers and innovators of both recognition and income. But government agencies, industry leaders and artistes themselves are now pushing harder than ever to safeguard creative work, urging Ugandans to value Intellectual Property (IP) as a cornerstone of economic growth. Speaking on the latest episode of the The Ugandan Podcast Season 4 organized by the Ministry of ICT and National Guidance in partnership with MultiChoice Uganda, Shirley Gladys Nakyejwe, an Intellectual Property Management Specialist at the Ministry of ICT and National Guidance, emphasized the importance of building…
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At least 201 companies have been liquidated in the five years to June 2024, data from Uganda Registration Services Bureau (URSB) indicates. However, new business registration has equally grown, with at least a combined 117,369 new companies registered in the same period. Details contained in the URSB annual reports for the last five years indicate that the number of liquidated companies has been growing, signaling an increasingly tough operating environment that has been characterised by dampened economic activity and a technological shift. Business liquidations have grown exponentially, increasing by an annual average of 86.6% in each of the five years…
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Uganda Registration Services Bureau (URSB) registered a significant increase in borrower securities or collaterals under the Security Interest in Movable Property registry in the year ended June 2024, an indication of increased search for credit. Data contained in the URSB Annual Report for the 12 months to June 2024, indicates that during the period, borrowers registered double the number of securities against which more than 11,350 loans were advanced in the 2023/24 financial year. Data further indicates that registered securities – as collateral for loans – increased by 57.5, rising by 4,551 from 6,179 in the 12 months to June…
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PostBank Uganda whose purpose is to foster prosperity for Ugandans made its mark at the just concluded Institute of Certified Public Accountants of Uganda (ICPAU) Awards by winning the Finance Team of the Year accolade. The awards aim to celebrate individuals and entities that are greatly contributing to the accountancy profession in Uganda. The team was recognised for playing a critical role in the transformation of PostBank over the past 4 years, delivering a transformed integrated report for the entity that resulted in several recognitions at the ICPAU Financial Reporting Awards, and their commitment to professionalism through sponsoring team members…
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The upcoming Intellectual Property (IP) conference set for Wednesday, April 24th at Four Points by Sheraton in Kampala, is anticipated to provide innovators with comprehensive knowledge about intellectual property rights and their significance in innovation. The conference organised by the Ministry of Information, Communications Technology, and National Guidance, in collaboration with the ICT Association of Uganda (ICTAU) also seeks to provide a much-needed platform for innovators to showcase their innovations and seek support on related intellectual property rights assessment, registration, and commercialization. Shirley Gladys Nakyejwe, the Intellectual Property Management Specialist at the Ministry of ICT and National Guidance, said the…
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Insolvency practice has become global and dynamic in nature to the extent that, key players in insolvency practice require continued training and sensitisation about new critical insolvency practical aspects. Business has been identified as one of the biggest lifebloods to Uganda’s economy. It creates jobs, increases productivity, and generates growth. Restructuring and insolvency is an essential part of this system and is vital for ensuring that Uganda maintains its reputation as one of the best places in the East African Region to do business. To support the strengthening of the Judiciary’s and Insolvency Practitioners’ capacity to handle and resolve insolvency…
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Small and medium-sized enterprises (SMEs) that apply for trademarks, copyright and patent protection are more likely to experience more growth than SMEs that do not, according to Minister of Science, Technology & Innovation Hon. Dr. Monica Musenero. The Minister said this while delivering her opening remarks during the national workshop on intellectual property (IP) for small and medium enterprises in Kampala. The two-day conference which was organised by the World Intellectual Property Organization (WIPO) in collaboration with the Uganda Registration Services Bureau (URSB) and the African Regional Intellectual Property Organization (ARIPO), with the support of the Japan Patent Office (JPO)…
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Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution, has released its Quarter Three (Q3) of 2022 results highlighting solid growth as the Bank continues to facilitate economic recovery through tailored interventions that suit the country’s development needs. Through Q3, which covered the months of July, August, and September, UDB’s investment portfolio (gross loans) improved by 15% to close at UGX1.18trillion. Compared to the previous year, the annual growth registered was in the highs of 57 per cent. During the quarter, the Bank approved funding amounting UGX333 billion and disbursed UGX237 billion. “The funding was allocated to 72…
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The official Government Receiver and new Registrar General of Uganda Registration Services Bureau (URSB), has unveiled her strategic plan for the organisation’s future, and announced key initiatives to drive URSB’s vision as the centre of excellence for reliable registration services. Mercy K. Kainobwisho who spoke at a management retreat for Directors, Managers and Senior Staff yesterday, took time to outline her strategy dotted with aspirations to be achieved during her time of service. The Registrar General emphasized that she would direct her efforts to further strengthening URSB rather than “reinventing” it. “We can’t change 2020 but we can learn from…
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