As part of its corporate social investment strategy which focuses on supporting education at all levels, Stanbic Bank has handed over a cheque worth Shs75 million to Uganda Christian University to support the education of 20 brilliant but underprivileged students for the 2018-2019 academic year
President Museveni said the economy will grow faster in the next fiscal year because of his government’s sustained investment in physical infrastructure
Sudhir Ruparelia, Uganda’s beleaguered tycoon, got upto Shs582million from his shareholding in the listed bank.
A decline in the value of Uganda’s goods exports even as the cost of imports rose was responsible for the trade deficit accelerating to its highest since September 2017 in April
Business activity rose to the highest extent recorded so far this year in May, propelled by stronger demand, according to a survey of purchasing executives in 400 private sector companies
In an effort to raise more domestic revenue, the Government of Uganda is proposing amendments to the Stamp Duty Act, 2014. The amendments will provide for the imposition of stamp duty on instruments used in Islamic financial transactions.
French oil major Total E&P, the lead joint venture partner on the proposed East African Crude Oil Pipeline (EACOP), is “concerned” over the “slow progress” on the project, particularly from Uganda government officials in the Petroleum Authority and the energy ministry
Uganda collects far less tax revenue than it has the potential to. The World Bank’s recently released 11th Economic Update for Uganda looks at areas that are under-taxed or not taxed in which the introduction of new taxes will increase domestic revenue
Robust political systems can protect citizens against extreme weather events and if disasters happen, these systems can ensure that people affected have adequate access to water, food, sanitation and shelter
Sub-Saharan Africa is confronting a pronounced rise in public debt. At the end of 2017, average public debt in the region was 57% of its GDP, an increase of 20 percentage points in just five years