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.

The Speaker of Parliament, Rt. Hon. Anita Among, has insisted that Parliament is not corrupt, denying allegations levied against...

The additional Ugx 20 trillion inflates the budget and makes it unrealistic, and it has increased the domestic revenue to be collected by the Uganda Revenue Authority (URA).

Uganda has recorded a huge export increment during the year ending April 2024, from USD 2.534 billion to USD...

The Ministry of Finance and Economic Planning has on Tuesday, June 4, 2024 launched the budget month in order...