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Gold reclaims spot as Uganda's largest export commodity

Uganda, April 24 -- Gold reclaimed the number one spot as Uganda's largest export commodity in the 12 months to February, according to data from the Ministry of Finance. Bank of Uganda data had previ... Read More


Burundi, Kenya only countries with more expensive fuel than Uganda in EAC

Uganda, April 19 -- Uganda currently has the third most expensive fuel in the East African region, according to a global fuel price tracker. A comparison by GlobalPetrolPrices.com - a site that track... Read More


EAC seeks to standardise fuel transportation tankers

Uganda, April 18 -- Representatives from seven East Africa Community (EAC) member states are in Kampala to discuss measures that will lead to standardisation of road tankers, among which include vehic... Read More


IMF wants govt to remove tax exemptions on Saccos

Uganda, March 25 -- The International Monetary Fund (IMF) has said government should consider removing exemptions on incomes of Savings and Credit Cooperative Societies (Saccos) as a near-term revenue... Read More


Businesses register sharp decline in annual incomes

Uganda, March 25 -- Business incomes experienced a sharp decline in the four years to June 2023 with several companies falling out of their traditional income bands, according to data from Uganda Reve... Read More


Govt's expenditure on public debt increases to Shs8 trillion

Uganda, March 21 -- Government spent at least Shs8.3 trillion on debt servicing in the financial year ended June 2023, according to data from the Uganda Revenue Authority (URA). This, URA notes, was ... Read More


Govt picks more than 70 percent of taxes from 1,000 payers

Uganda, March 15 -- At least 74.5 percent of Uganda's taxes, which is more than three quarters, are collected from just 1,000 taxpayers, according to data from Uganda Revenue Authority (URA). The 1,0... Read More


Boda boda registration more than triples motor vehicle licensing

Uganda, March 14 -- Motorcycle registration more than tripled licenses issued to vehicles in the period ended June 2023, according to data from Uganda Revenue Authority (URA). URA data contained in t... Read More


MTN targets to lend Shs1 trillion in mobile money users with business loans

Uganda, March 4 -- Telecom giant, MTN, has said it will this year double down its mobile money lending with the view of advancing subscribers more than Shs1 trillion in micro loans. The target is dou... Read More


Court awards, compensations push up govt domestic arrears

Uganda, Feb. 26 -- Government registered unprecedented increases in court awards, compensations, and unpaid utility bills, pushing up domestic arrears by Shs310.3b for the financial year ended June 20... Read More