Africa’s finance ministers have converged in Lusaka, Zambia, for the second African Regional Meeting of the Global Coalition of...

After four days of high-level discussions, the 4th Uganda–UAE (United Arabs Emirates) Business Forum concluded at Munyonyo on Wednesday,...

The Minister of State for Energy and Mineral Development, Phiona Nyamutooro, has called on stakeholders to explore advancements in...

The tractors are a component of the mechanization program that President Museveni started in December 2022 to help Ugandan farmers. Noting that agriculture continues to be the foundation of Uganda’s economy, Nabbanja asked local authorities to assist farmers in adopting modern farming practices.

The directive is in accordance with section 89(1) of the Tier 4 Microfinance Institutions and Money Lenders Act, which states that the maximum interest rate that a money lender shall charge on the principal or the actual sum of money advanced as a loan to a borrower is two point eight percent (2.8%) per month or thirty-three point six percent (33.6) per annum.

Before the government makes any financial commitment to a company, there must be due diligence done, and it is imperative for the government to prioritize accountability in all public expenditures, particularly in high-stakes commitments such as Dei Biopharma Company.

The National Social Security Fund (NSSF) has announced an interest rate of 11.5% for the financial year 2023/2024, an increase from the 9.7% that was declared the previous year.

Despite a recent report disclosing  that Uganda has lost over UGX 12 trillion in the past five years through similar tax waivers, the government asked the Parliament of Uganda to exempt eight companies  and individuals from paying taxes worth UGX 13.391 billion due to various reasons like COVID-19 effects that affected businesses, and ill health.