Gov’t Grants Tax Holiday to Start-Ups to spur growth
In a dramatic gesture hailed as bold and possibly useful, the Ugandan government has announced a three-year tax holiday for start-up businesses owned exclusively by Ugandan citizens provided they manage to survive the labyrinth of bureaucracy, unstable power supply, and regulatory whiplash. The announcement was made by Finance Minister Matia Kasaija
Uganda’s Debt shoots up Amid Increased Borrowing
Uganda’s public debt stock is expected to rise significantly in the 2025/26 financial year, Minister of Finance Matia Kasaija announced during the reading of the Shs 72 trillion national budget. According to Kasaija, the public debt is projected to reach USD 31.5 billion (Shs 116 trillion) by the end of
Uganda’s Economy Projected to Grow by 7% with Double-Digit Growth from Oil and Gas Production
Uganda’s economy is projected to grow by at least 7.0 percent in the 2025/26 financial year, and to achieve double-digit growth with the commencement of oil and gas production, according to Finance Minister Matia Kasaija. He made the announcement during the presentation of the Shs 72 trillion national budget for
Coca-Cola Beverages Powers Uganda Athletics Centenary Celebration as Official Hydration Partner
Coca-Cola Beverages Uganda (CCBU) proudly served as the official hydration partner for Uganda Athletics’ landmark event, “100 Years of Excellence and Dedication to Sports.” Held on Saturday, 7th June 2025, at Mandela National Stadium, the centenary celebration marked a historic milestone—commemorating a century of organised athletics in Uganda. The event
Pride Bank Limited Earns Dual Recognition in Bank of Uganda Awards for Excellence in Agricultural and Small Business Lending
Pride Bank Limited is pleased to announce its dual recognition as First Runner-Up in both the Agricultural Credit Facility Award and the Small Business Fund Award under the general category of Best Performing Financial Institution among Credit Institutions and Microfinance Deposit-Taking Institutions, as of March 31, 2025. These prestigious accolades
EU Delists Uganda, Tightens Anti-Money Laundering Rules
The European Commission has delisted Uganda from the list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism (AML/CFT) regimes. EU entities covered by the AML framework are required to apply enhanced vigilance in transactions involving countries on this list. This measure
Public Debt and Security Get Major Slice of Uganda’s Shs 72 trillion Budget
Finance Minister Matia Kasaija is set to present the Shs 72.376 trillion 2025/26 Budget, which was recently approved by Parliament. The Budget will be read at the Kololo Ceremonial Grounds. This budget aligns with the overarching theme of “Full Monetisation of Uganda’s Economy”, focusing on sectors such as commercial agriculture,
Global Economy Set for Weakest Run Since 2008 Outside of Recessions
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70% of all
Equity Bank Uganda Faces Backlash Over Alleged Unauthorized Withdrawals
Equity Bank Uganda is once again under fire after a customer accused the institution of withdrawing a significant amount of her savings without her permission. According to a social media post cited by Daily Star, the disgruntled client claimed she had Shs 8 million in her account. However, she was stunned to
Local Distributor Reaches New Heights Through Coca-Cola Partnership
Peter Rwabunyegera, an Official Coca-Cola Distributor (OCCD) with Coca-Cola Beverages Uganda (CCBU), is celebrating a remarkable journey of growth and resilience as he marks a decade of operation in Mbarara. Peter’s distribution journey began in October 2013 at Kizungu Market, Mbarara. What started as a modest operation has since grown
