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PostBank Uganda has today officially announced its ascension to tier one status after receiving a license from the Bank of Uganda. This implies that the bank shall no longer be categorized as a credit institution but as a deposit taking financial institution that gives loans for the purposes of consumption and investment to make profit […]

In a bid to attract and retain the much needed experts, the government has decided to prioritize enhancement of pay for specialists and scientists. This, as revealed by the Public Service Minister, Wilson Muruli Mukasa, follows the fact that most experts flee abroad in search of greener pastures. He further noted that many jobs remain […]

The Ugandan Government, in a move to avail more funds for priority sectors, has initiated budget cuts across it’s Ministries, Departments and Agencies (MDA) for the ongoing financial year(2021/2022FY) The massive cut back summing up to Shs203.4 billion will also affect government universities, parastatals and various commissions of government. It is our understanding that at […]

Industrial Hemp Uganda Ltd has confirmed that it exported 400kgs of medical marijuana were to Germany on 16th October from Uganda. According to www.gmg-compliance.org, a website run by a German-based training institution on good manufacturing practices for health product makers, a kilogram of medical cannabis costs approximately USH18 million. The same source claims that Medical […]

The Uganda Revenue Authority (URA) has launched a tax education mobile office aimed at supporting tax education and outreach programmes in support of the national agenda of Domestic Revenue Mobilisation. This project comes shortly after URA revealed a registration of a growth in revenue and tax to GDP ratio, the highest growth registered in the […]

The Uganda Revenue Authority (URA) has registered a growth in revenue and tax to GDP ratio, the highest growth registered in the last four years according to the revenue performance report. In the FY 2020/21, URA collected net revenue of UGX 19,263.00 billion and posted growth in revenue of 14.99% in comparison to the FY […]

Uganda Revenue Authority (URA) has issued a public notice that informs about the institution’s continual of operations even amidst this lockdown which has sunk down most of the sectors. This will be made possible with a number of measures that URA has put in place which aim at aiding taxpayers and facilitating trade during this […]

According to the recent findings from the Uganda National Household Survey 2019/2020 report, there is an indication that one in three (28%) children experience child labour in Uganda. This, therefore, implies that the number of children aged 5-17 in child labour nationally has doubled from 14 per cent that is about 2,048,000 out of 14,984,929 […]

Constituting over 90 per cent of the private sector, the Uganda Registration Services Bureau (URSB) and the government of Uganda have discussed proposed suggestions to help viable SMEs survive during these difficult times. This has been through a joint two-day conference under the theme, ‘Insolvency and Intellectual Property Rights in the face of COVID-19’ aiming […]


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