According to the MPI, 27 per cent of Ugandans (Approx.12.2 million) are classified as multidimensionally poor, with stark regional disparities Kampala, Uganda | JULIUS BUSINGE | Uganda’s progress in reducing income poverty is masking a more complex reality, as new data shows millions of citizens still face significant deprivation …
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Kampala, Uganda | NEWS CORRESPONDENT | The trial of Molly Katanga took a corporate turn in the High Court yesterday, as prosecutors shifted their focus from forensic evidence to the financial operations of the business empire she co-founded with her late husband, Henry Katanga. In a session dominated by balance …
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Finance ministry figures released on April 9 show fourth-quarter disbursements of Shs17.444tn, lifting total releases to Shs77.001tn—106.4% of the approved budget and 95.1% of the revised plan Kampala, Uganda | JULIUS BUSINGE | The government has released more funds than initially approved for the current financial year ending …
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Kampala, Uganda | THE INDEPENDENT | The Kampala City Traders Association has warned that proposed tax amendments for the 2026/27 financial year could increase the cost of doing business, constrain cash flow and push more enterprises into informality if not revised. Presenting their memorandum to the Finance Committee chaired by …
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Mobile money operators also highlighted the effect of digital transaction taxes on usage, noting that higher costs are already prompting some consumers to revert to cash Kampala, Uganda | JULIUS BUSINGE | Uganda’s proposed tax measures for the 2026/27 financial year have drawn criticism from civil society groups, …
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Kampala, Uganda | NEWS CORRESPONDENT | Pearl Bank’s full evolution from PostBank to its current identity has got another boost, with Pearl Bank’s latest financial results for the year ended December 2025 telling a story of strong growth. Profit after tax rose 34 percent to sh47.3 billion, customer deposits climbed 43 …
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Kampala, Uganda | Xinhua | Uganda is set to launch its first-ever National IP Peering Exchange (NIPX), a system designed to accelerate data exchange, reduce costs, and keep local internet traffic within the country. The system, scheduled for official launch on Friday, will enable internet service providers, content providers, cloud …
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Kampala, Uganda | URN | Ugandans using mobile money platforms will continue to contend with the 0.5 percent tax to withdraw cash, a tax that has been blamed for the high cost and low uptake of digital money. The Ministry of Finance, Planning and Economic Development, declined to include the …
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Kabale, Uganda | URN | A three-month power blackout in Habubare Trading Centre and surrounding villages in Kabale District is crippling businesses and worsening insecurity, leaving residents frustrated over what they describe as inaction by the Uganda Electricity Distribution Company Limited (UEDCL). Electricity consumers in Habubare Trading Centre and six surrounding …
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Kyankwanzi, Uganda | URN | President Yoweri Kaguta Museveni has hailed Gen. (Rtd). Caleb Akandwanaho famously known as Gen. Salim Saleh for sacrificing his youthful days to join the liberation struggle. He described him as a symbol of patriotism and a role model for young Ugandans. Gen. Saleh is a …
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The Independent Uganda: You get the Truth we Pay the Price
