Tag Archives: economy

Can Mutebile’s latest announcement and government spending plan save the economy hurt by coronavirus lockdowns? | JULIUS BUSINGE | On June 16, Bank of Uganda Governor, Emmanuel T. Mutebile made a big announcement that many pundits believed would boost economic recovery. For the first time in many months, Mutebile cut …

Kampala, Uganda | THE INDEPENDENT | The second wave of the COVID-19 pandemic in Uganda has led to record infections and an increasing number of deaths compared to the previous one, which calls for adjustments in the approach to containing it. The government’s response with new restrictions on movement and gatherings …

Tariffs have harmed American jobs, American consumers, American companies and the country’s global competitiveness Washington, U.S. | Xinhua | The U.S. business groups have urged the Biden administration to remove punitive tariffs on U.S. imports imposed by the previous administration, as tariffs continue to hit American businesses and consumers while pushing …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has given a mixed view on the economic performance in the short term, with a high likelihood of either a slowdown in economic growth or a decline in activities generally. This is largely due to the uncertainties caused by the COVID-19 …

Kampala, Uganda | THE INDEPENDENT | The Democratic Republic of Congo (DRC) was Uganda’s number one source of trade surplus in 2020 according to Bank of Uganda trade statistics, and road projects launched yesterday by President Museveni and his DR Congo counterpart Felix Antoine Tshisekedi will likely further boost Uganda’s trade …

Kampala, Uganda | THE INDEPENDENT | The newly introduced tax measures have generated mixed feelings and fortunes for taxpayers and the general public as a whole. Several tax measures and amendments to the tax laws have been completed and are due to take effect starting July 1, 2021. According to the …

Kampala, Uganda | THE INDEPENDENT | The Central Bank has challenged the Ministry of Finance, Planning and Economic Development against the current high rates of borrowing, saying they are putting the country and the economy at risk. The national debt burden is currently estimated at UGX 64 trillion as of December …

Kampala, Uganda | THE INDEPENDENT | World Bank in its new report has urged Uganda to promote green growth to beat the economic vulnerabilities caused by the devastating impact of the ongoing COVID-19 pandemic. The bank in its 17th Uganda Economic Update, published on Tuesday, said lockdown measures pushed many businesses …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) revenue collection targets for the next three years are far from achievable, with the tax body facing several challenges according to officials. This is a repeat of what has been happening for most of the previous short and midterm strategies …

Kampala, Uganda | THE INDEPENDENT | This year as the 2021-22 financial year starts, Uganda Revenue Authority (URA) marks 30 years since its creation, as part of the 1991 reforms which were aimed at improving government revenue collection. The tax body with Edward Larbi Siaw as the first commissioner general, collected …