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.
When the Uganda Revenue Authority (URA) aggressively enforces digital systems like EFRIS or increases implicit transaction levies on an economy already choked by a 4.1% inflation rate, it doesn’t create wealth but panic.
The URA Commissioner General, John R. Musinguzi said rental income tax compliance had declined despite overall tax collections recording double-digit growth.
In May 2026, URA issued a public notice asking taxpayers to update their registration details and link existing tax records to their NINs to Business Registration Numbers (BRNs).