The country’s investment promotion agency licensed 426 planned investment projects valued at Shs9.63tn in the FY 2023/24 Kampala, Uganda | JULIUS BUSINGE | The Uganda Investment Authority (UIA) is seeking Shs173.9billion for the Financial Year 2025/2026 to cover wage and non-wage expenditures, with the bulk of the money, Shs161.5billion in already …
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Uganda Electricity Distribution Company Limited to take over from Umeme effective April 1, 2025 Kampala, Uganda | JULIUS BUSINGE | Uganda government is taking a significant step towards securing its energy future with the state-owned Uganda Electricity Distribution Company Limited (UEDCL) set to take over electricity distribution from Umeme, marking the …
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Kampala, Uganda | JULIUS BUSINGE | The Uganda Revenue Authority (URA) has reported a remarkable performance in its half-year revenue collection, surpassing its target for the July to December 2024 period. The tax authority collected Shs15.25trillion against the target of Shs 14.93 trillion, registering a surplus of Shs 322 billion and …
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Kampala, Uganda | Julius Businge | M-Net’s Pearl Magic Prime (DStv Ch. 148 & GOtv Ch. 303) has announced the launch of Tamara My Wife, an enthralling Ugandan drama series set to premiere on 6th January 2025, at 10:00 PM. The company said this captivating show will take over the prime- …
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Uganda’s total population as of May 2024 stood at 45,905,417, reflecting an average annual growth rate of 2.9% since 2014. Kampala, Uganda | JULIUS BUSINGE | The Uganda Bureau of Statistics (UBOS) has released the final results of the National Population and Housing Census 2024, offering a detailed snapshot of …
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However, infrastructure gaps in remote mining areas continue to hinder resource accessibility and operational efficiency Kampala, Uganda | JULIUS BUSINGE | Uganda’s extractive industry marked a year of significant strides in 2024, with advancements in mining and oil and gas shaping the sector’s outlook. Bolstered by government initiatives, increased investment, and …
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Strategic efforts in inflation management, interest rate stabilization, and infrastructure investment formed the backbone of the country’s economic resilience Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic performance in 2024 highlighted its ability to navigate global and domestic challenges while leveraging opportunities to bolster growth. Strategic efforts in inflation management, interest …
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However, stakeholders emphasize the need to tackle challenges in taxation, technology, and skills development to unlock the sector’s full potential Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas industry is reshaping the nation’s economy, presenting unparalleled opportunities for local businesses and individuals. However, stakeholders emphasize the need to tackle …
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How a Museveni-endorsed Onion project turned into a Shs500 million scandal in Rukungiri Rukungiri, Uganda | JULIUS BUSINGE | In a heartbreaking twist, the residents of Rukungiri District have watched their dreams of a better life vanish, as an onion project endorsed by President Museveni turned into a devastating loss of …
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Kampala, Uganda | JULIUS BUSINGE | Africa Risk Management and Compliance Partners (ARMC) has unveiled the E-Learning Hub Tool, an innovative platform designed to enhance training on combating money laundering, terrorism financing, and proliferation financing. The tool, launched during a workshop in Kampala on November 15, allows organizations to deliver flexible, …
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The Independent Uganda: You get the Truth we Pay the Price