Economy

While some sectors, like construction and services, experienced growth, others such as agriculture, industry wholesale, and retail saw a decline in activity due to economic financial pressures.

Uganda’s 2024/2025 Budget Aims for Economic Growth Amidst Varied Reactions

In preparation for the 2024/2025 fiscal year, Uganda is directing its budget towards key sectors, including industry, services, and agriculture.…

ura reports 85 billion shillings in 4 months from aeo programme

URA Reports 85 Billion Shillings in 4 Months from AEO Programme

Uganda Revenue Authority (URA) has disclosed that it collected 85 billion shillings in the last four months through the Authorized…

Fuel Prices in Uganda Reach Record High - Nearly UGX 6,000 Per Litre

Minister Nankabirwa: No Change in Fuel Prices for a Month

Fuel prices in Uganda have not experienced any fluctuations over the past month, according to a statement made by Minister…

Success of Digital Tax Stamps in Uganda Boosting Revenue and Compliance

Uganda’s Tax Revenue Hit by Manufacturing and Spirits Sales Decline

In a report released by the Ministry of Finance on Monday, it was revealed that a decline in manufacturing and…

Kenya's Central Bank Aims to Buy Back Ksh 74.4B Eurobond

Kenyan Shilling Deemed Overvalued by Central Bank Chief

Kenya's central bank governor, Kamau Thugge, stated that the country's currency, which is currently trading at historically low levels, has…

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Bank of Uganda: A History of Central Banking in Uganda

The Bank of Uganda (BoU) was established on August 15, 1966, under the Bank of Uganda Act 1966. It is…