It has almost become a norm that for every State of the Nation address, President Yoweri Museveni has to lament about the fact that Uganda imports far much more than it exports. This year’s address was no different. He lamented how Uganda had become a ‘supermarket’ economy, importing all sorts …
Read More »IMF offers oil-dependent Angola $4.5 bn loan
Luanda, Angola | AFP | The International Monetary Fund said Tuesday it had offered Angola $4.5 billion in loans as the country, which was wracked by civil war until 2002, has been badly impacted by falling oil prices. “Angola can receive a maximum $4.5 billion (4.0 billion euros)… the loan …
Read More »LIVE: URA Budget analysis engangment
The Uganda Revenue Authority together with the Ministry of Finance, Planning and Economic Development on Monday held a seminar to help tax payers understand what they are up against in the budget that was read last week. “We are here to help the ordinary person understand how the budget affects …
Read More »SH380Bn: New MTN headquarters, countrywide optic cable
Telecom giant to roll out optic cable countrywide, to build state-of-the-art headquarters in Kampala On March 4, MTN CEO Brian Gouldie told journalists at a press briefing that the company was going to invest Shs 238 billion in its network in Uganda in 2016. On May 26 – exactly three …
Read More »KCCA to number buildings, streets
Even for people who have lived in Kampala City all their lives, locating certain buildings in the city leave alone on a street can be a nightmare. Unlike other modern cities around the world, Kampala has very limited building identification signage and do are the city streets. Now, this is …
Read More »UBOS: Prices for manufactured goods increases
Uganda Bureau of Statistics (UBOS) has revealed an increase in prices of manufactured goods by 5.1% between April 2015 and April 2016. Some of the contributors to the annual increase include processed food by 8.1%, a result of a rise in sugar by 20.7%, processed coffee by 10.3%, vegetables and …
Read More »BUDGET: Museveni warns telecoms on tax evasion
President Yoweri Museveni has said government will acquire the latest communication equipment to end what he termed rampant tax evasion and corruption within telecom companies in Uganda. He said estimates indicate that the country was losing up to $400m (sh1.2 trillion) in tax per year. “There is still tax evasion …
Read More »The FULL BUDGET SPEECH 2016-17
Here is the FULL SPEECH – Uganda’s National Budget FY 2016-17 Madam Speaker, in accordance with Article 155(1) of the Constitution of the Republic of Uganda and the Public Finance Management (PFM) Act 2015 as amended; and in exercise of the power delegated to me by H.E the President of …
Read More »Here’s the breakdown of Uganda’s Sh26 trillion budget
LIVE UPDATES from the Uganda Budget speech. BOTTOM, the FULL National Budget Framework Paper. *National Budget Framework Paper (NBFP) FY 2016-17 (Source Parliament Watch) *Report of the committee on Budget on the National Budget Framework Paper (Source Parliament Watch) *Motion on the Budget 2016/17 (Source Parliament Watch) Approved Budget 2015/16 …
Read More »‘We will pay tax, but please be clear, transparent’ CSOs tell URA
Civil Society Organisations (CSOs) have challenged Uganda Revenue Authority (URA) to be fair, clear and transparent to encourage everyone to pay taxes. “It is our responsibility to pay taxes and as citizens we have an obligation of questioning how our money is used. If we have a clear system, then …
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