The Stanbic Headline Purchasing Managers’ Index (PMI) dropped to 50.9 in June, from 51.5 in May on account of further deterioration of…
URA To Charge VAT On Banned Facebook In Uganda
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To maximize tax collection, Uganda Revenue Authority (URA) has established mechanisms to start collecting VAT from non-resident service provider companies operating in…
URA Recovers UGX 79B from Smuggled Goods
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Uganda Revenue Authority-URA has recovered Shillings 79 billion from contraband goods impounded on their way to the country. Julius Nkwasile Mponoka, the…
URSB’s Mercy Kainobwisho Wins Inaugural Africa Brand Leadership Excellence Award
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Uganda Registration Services Bureau (URSB) Registrar General, Mercy K. Kainobwisho has won the inaugural Africa Brand Leadership Award. The award recognizes corporate,…
Has Uganda Attained Middle-Income Status Like President Museveni Said?
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On January 26 this year, President Yoweri Kaguta Museveni told a National Resistance Movement party gathering also attended by senior government officials…
SUFFER LOCALLY!! BoU Can’t do Much Against Dollar
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It’s been a busy few months for the Bank of Uganda as the rising prices of essential commodities and fuel push inflation…
URA Adopts New Warehousing Policy for Used Vehicles
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Effective July 1st, 2022 used motor vehicles between nine and 12 years from the date of manufacture will be warehoused for a…
Uganda Shilling To Become Weaker Amidst Global Crisis — BoU
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The Uganda Shilling continues its downward trend against the US dollar more than two months since its appreciation journey against the dollar…
The Rise and Fall of Afriland: Did BoU Underrate Bank's Challenges?
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Afriland First Bank Uganda will go into Uganda’s history books as the first commercial bank to voluntarily close shop and quit the…
Ukraine War Will Badly Hit Our Economy — Bank of Uganda
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Nine out of the 26 registered commercial banks in Uganda registered a decline in profits in 2021, compared to the previous year….