Economy
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News
House passes VAT Amendment Bill as committee pushes tax relief for SMEs and investors
KAMPALA, April 21, 2026 — Parliament has passed the Value Added Tax [ VAT ] Amendment Bill, 2026, adopting a series of reforms aimed at easing compliance for small businesses, improving tax…
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Three indices point to positive outlook for Ugandan economy
KAMPALA, April 20, 2026 — Three key indices indicate a positive outlook for Uganda’s economy, according to the latest Performance of the Economy Monthly Report released by the Ministry of Finance, Planning…
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PDM beneficiaries in Soroti City laud Museveni for initiative, pledge to use funds wisely
SOROTI CITY, March 1, 2026 — In Soroti City West Division, beneficiaries of the government’s Parish Development Model [PDM] have expressed gratitude to President Yoweri Museveni for launching the initiative, which has…
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India: gov’t speeds up multi-state cooperative registration, reduces approval period
NEW DELHI, February 6, 2026 — The registration process for Multi-State Cooperative Societies in India has been streamlined and made time-bound following amendments to the Multi-State Cooperative Societies Act in 2023, with…
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Uganda’s economy shows resilience ahead of 2026 elections, gov’t says
KAMPALA, January 10, 2025 — Uganda’s economy has demonstrated strong resilience and steady growth despite global economic headwinds, according to the Pre-Election Economic and Fiscal Update released on Thursday by the Ministry…
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Uganda fetches Shs 530.2bln from extractive sector as EITI Report is submitted to Oslo
KAMPALA, November 30, 2025— The Uganda Extractive Industries Transparency Initiative [UGEITI] recently launched its Fourth EITI Report, which covers the period 1 July 2022 to 30 June, 2023. The report was officially launched by the…
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Mayor demands governing law for new cities to fix funding gaps
MBARARA CITY, November 5, 2025 — Mbarara City Mayor Robert Mugabe Kakyebezi has urged Central Government to enact a dedicated law for Uganda’s newly created regional cities, arguing that the absence of…
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World Savings Day: Here is what you need to know
KAMPALA, October 31, 2025 — Every October 31, World Savings Day reminds us that even small savings can lead to big changes. Whether it’s setting aside a few coins in a piggy bank or…
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Uganda’s economy demonstrates resilience as exports under pressure – report
KAMPALA, October 20, 2025 — Uganda’s economy continued to show resilience and adaptability through September 2025, despite a backdrop of tightening global conditions. Key indicators reflected a complex picture of rising credit…
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Uganda to begin oil drilling next year – Museveni
KAMPALA, October 9, 2025 – President Yoweri Kaguta Museveni has announced that Uganda will commence drilling its first oil next year, marking a significant milestone in the country’s long-awaited journey towards commercial…
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