business

Chinese investors toured Wagagai Gold Mines in Busia, where officials say the project is creating jobs and targeting 1.2 tonnes of gold output each year.

The World Bank warns that Sub-Saharan Africa’s growth is slowing due to rising debt, inflation and global pressures, urging reforms to support recovery and job creation.

URA hosted East African audit chiefs in Kampala to strengthen cooperation and address rising digital-era risks to public revenue

For many Ugandans, especially those in informal work, earnings have barely changed. If your salary or daily income has stayed the same but your expenses have increased, then in reality, you are worse off.

Government released simplified industrial park guidelines to improve coordination, attract investment and accelerate industrialisation.

A global firm plans to launch a regulated digital platform in Uganda to raise up to $1.5 billion for infrastructure and other projects using tokenised assets.

Uganda has committed an additional Shs 905 billion, announced a three-month visa waiver, and rolled out major infrastructure upgrades as it prepares to host up to 650,000 visitors for the 2027 Africa Cup of Nations.

URA has intensified border engagements, urging traders to formalise businesses and better understand the Simplified Trade Regime to improve compliance and ease trade.

In line with the Bank’s mission to accelerate socio-economic development in Uganda through sustainable financial initiatives, the office will support projects within the private sector that have the potential to deliver significant socio-economic benefits in the areas of primary agriculture, industry (including agro-industrialization, manufacturing, knowledge-based industries, and extractives), services (such as health, tourism and hospitality, education, and technology), and infrastructure.

Understanding tax obligations is crucial for businesses to avoid penalties, manage cash flow effectively, and ensure long-term sustainability.