Speaker Anita Among The Parliamentary Commission has requested for additional funding to run affairs in Uganda’s legislature amid accountability concerns from Ugandans. In the Financial Year 2024/25 budget, the Parliamentary Commission is seeking for additional Shs125 billion for the payment of salaries, travel costs and per diem for Speaker, Deputy Speaker, Leader of
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By CPA Silajji Kanyesigye Baguma As we navigate through the complexities of economic challenges, one significant concern emerges: the looming threat of escalating costs driven by expected fuel tax hikes. The proposed fuel tax hike has sparked significant concerns, particularly from a business perspective. Production costs are likely to surge
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Absa Bank Uganda officials in a group photo after announcing the financial results for 2023 Absa Bank Uganda has today reported a growth in revenue by UGX64 billion, amounting to a 15.6% growth from the previous year and resulting in a profit after tax of UGX146 billion, according to financial
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The program will train an inaugural cohort of 291 enterprises across the country on management best practices, debt management, good governance, record keeping, and financial management among others. Uganda Development Bank (UDB), the country’s national Development Finance Institution, has launched the Incubator Program under Enterprise Development Product (EDP). The program
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The Demand and Supply of Credit fell in the 3 months to Feb 2024 (DD fell to UGX 5.12 tn from UGX 6.21 tn and SS fell to UGX 3.22tn from UGX 3.66 tn in the previous quarter), Bank of Uganda’s Monetary Policy Report for April 2024, indicates. “PSC (Private Sector Credit) growth net of
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The Ministry of Information, Communications Technology, and National Guidance, in collaboration with the ICT Association of Uganda (ICTAU), will on Wednesday, April 24, 2024, host the Intellectual Property (IP) Conference. The IP Conference, which will be held at the Four Points by Sheraton in Kampala, is anticipated to provide
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Prices of milk have dropped in Northern Uganda and Midwestern Regions of the country. Data from the Dairy Development Authority (DDA) indicates that in Northern Region, a litre of milk is being sold at Shs 1, 345 at farmgate. This is a drop of Shs 155 compared to the previous month. Retail
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dfcu bank’s Annette Kiconco (2nd Left) joined representatives from Vision Group, The Embassy of the Netherlands in Uganda, KLM Airlines and Koudjis to launched the 9th edition of the Best Farmers Competition dfcu Bank, in partnership with Vision Group, The Embassy of the Netherlands, KLM Airlines, and Koudjis Nutrition BV, has launched the 9th edition
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Uganda Breweries Managing Director Andrew Kilonzo before Parliament’s Finance Planning and Economic Development Committee. The new tax proposals in the Excise Duty (Amendment) Bill 2024 once passed by Parliament, would make alcoholic beverages unaffordable to consumers, resulting in reduced volume sales, leading to a decline in annual tax revenues to
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A new report has revealed that seven out of every 10 Ugandans are operating a personal budget deficit and as such, need more money than they are earning to cover their personal budget. Additionally, the report says that Ugandans are relying on on their families and friends, personal savings and
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