Tag: Gross Domestic Product (GDP)

Uganda buys far more from foreign countries than it sells abroad, creating a massive $4.6 billion trade gap. Because international sellers only accept US dollars, local traders are constantly scrambling to buy greenbacks, driving the dollar’s value up and shilling down.
"It is very sad to learn of the death of our brother Hon. Charles Matovu, former Member of Parliament for Busiro South, who passed on yesterday. Hon. Matovu represented his people with vigor and utmost dedication in the 11th Parliament. He was a member of the Parliamentary football team, where his tremendous contribution led us to dominate the East African Parliamentary games. My condolences go out to his family, the people of Busiro South, and the country at large. May he rest in eternal peace., Tayebwa said.

FDC Calls for Major Tourism Sector Reforms to Drive...

However, according to the Ministry of Tourism, the Ugandan government has earmarked tourism as a top priority for investment. For the 2026/2027 financial year, the government allocated UGX 571.5 billion directly to tourism development and marketing. 

NSSF Targets Boost to Uganda’s GDP Through Innovation and...

The National Social Security Fund (NSSF) is positioning itself as a key driver of Uganda’s economic growth by investing...

Finance Minister Musasizi Advocates for Broader Tax Base to...

The Minister of State for Finance, Planning, and Economic Development (general duties)Henry Musasizi has stressed the urgent need to...

IMF Confirms Uganda to Be Fastest-Growing Economy in Africa

The increase of Uganda’s per capita income from $898 to 1146 in 2024 and the increase of the Gross Domestic Product (GDP) from $16 to $20 in 2023—all these, including many others—resulted in Uganda being recognized by the IMF as one of the fastest-growing economies. 

How Uganda’s Tourism Sector has Evolved to Boost Economic...

With the budget strategy for Financial Year 2025/2026 looking at strengthening economic growth, tourism development is seen as one of the major sectors to be boasted in order to achieve accelerated growth.

URA Projects Increment in Revenue Collection to Over UGX...

The Uganda Revenue Authority (URA) has projected an increment in revenue collection for the Financial Year 2024/2025. John R. Musinguzi,...

URA Boss Urges Ugandans to Collaborate for Improved Tax...

The Commissioner General of the Uganda Revenue Authority (URA), John Rujoki Musinguzi, has encouraged Ugandans to work together as...

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