Economy

Stanbic Report Indicates Improved Business Conditions in December

According to a report by Stanbic Bank, business conditions in Uganda showed improvement in December, as reflected by a rise…

ICT Sector Employs Over 1.3 Million Ugandans, Shows Enormous Growth Potential

The State Minister for Information and Communication Technology (ICT), Ms. Joyce Nabbosa Ssebugwawo, revealed that the ICT sector currently employs…

Uganda’s Private Sector Records Strong Performance in December

The private sector in Uganda experienced a positive end to the year 2023, marked by increased demand for goods and…

URA Sets Higher Revenue Target of Over 200 Billion Shillings

The Uganda Revenue Authority (URA) has announced an increased revenue collection target by sh286 billion for the upcoming financial year…

Uganda Shilling Emerges as the Strongest Currency in East Africa

The Uganda Shilling concluded the year 2023 on a strong note, exhibiting stability against the US Dollar and outperforming its…

Government to Allocate UGX 23 Trillion for Debt Repayment in Next Fiscal Year

The Ministry of Finance has disclosed that the Ugandan Government is set to allocate up to UGX 24.9 trillion for…