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State Minister for Finance in charge General Duties, Henry Musasizi. Uganda's economy is projected to grow at a rate of 6% in the Financial Year 2023/2024. The State Minister of Finance in Charge of General Duties made the revelation Tuesday while officiating at the first Public Finance Management Annual Conference

Kenyan e-commerce startup Copia Global has shut down its Ugandan operation barely two years after it ventured into the landlocked market, citing economic downturn and limited access to capital. The firm said it had suspended its African expansion plan after raising $50 million (Sh6.8 billion) from investors last year to

Lawyers from Uganda Law Society have warned Parliament from enacting a law seeking to punish loss making companies, saying such a move would be detrimental to even Government agencies that would fall victim to such a law.   Currently, there is no limitation on the number of years or amount

The Ministry of Education and Sport has suspended the transfer and deployment of both teaching and non-teaching staff in all educational institutions. The suspension comes at a time when the Auditor General is carrying out an audit of the government payroll. Ketty Lamaro, the Permanent Secretary Ministry of Education, says

The National Social Security Fund (NSSF) has today announced an extension of the mandatory registration for employers to June 30, 2023, following requests from small and medium enterprises. Non-compliant employers will thereafter be subjected to financial penalties as provided in section 14 of the NSSF Act, as amended, NSSF Ag.

The Director of Public Prosecution, Jane Frances Abodo (pictured), has requested Parliament to amend section 21(1)(q) of the Income Tax Act to exempt State Prosecutors from paying tax on their employment income, so as to motivate her force. Abodo made the appeal while appearing before Parliament’s Finance Committee where she

Francis Mwebesa, Minister for Trade, Industry and Cooperatives The Ministry of Trade, Industry and Cooperatives has been urged to implement conducive measures that will ease the cost of doing business. According to Hon. Roland Ndyomugyenyi (Indep., Rukiga County), many businesses are closing due to factors like high taxes and other attendant

Left-Right: Eugene Willemsen, the PepsiCo CEO of the Africa, Middle East & South Asia (AMESA) region; Dr. Amos Nzeyi, the Crown Beverages Limited Executive Chairman; The Vice President of Uganda, Rtd Major. Jessica Alupo; Paddy Muramiirah, the CBL CEO and former Prime Minister of Uganda, Hon. Ruhakana Rugunda tour the