Economy

As the country moves closer to the end of this financial year, the Uganda Revenue Authority (URA) is still optimistic about meeting its annual revenue collection target of Shs 22.4 trillion. However, their hopes have been blurred after registering a shortfall of Shs 1 trillion in the last three months. Uganda Revenue Authority Commissioner General, John Musinguzi, addressed media at ...

Forum for Democratic Change, FDC, has advised government to exempt Taxes on some basic commodities. Ibrahim Ssemujju Nganda, the FDC spokesperson, accused President Museveni of telling lies that the Russian invasion of Ukraine is responsible for the escalating prices of essential commodities in the country. He said this is not the case. “The truth of the matter is that prices ...

President Museveni has indicated to Turkish investors that his country Ugandan has great potential in mineral exploration and development. He added saying that the only thing needed now is investors they can partner with to refine and add value for export. “We are very interested in mineral development. On the gold, we have our own but also because of the ...

Experts have encouraged Ugandans to be calm amidst the rising prices of basic commodities. This comes as they continue to study the saddening situation. The Bank of Uganda has since warned of a rise in inflation in the country if the global prices continue to raise than currently expected. Currently, the price of fuel remains high and the price of ...

Ramadhan Ggoobi, the Permanent Secretary in the Ministry of Finance and Economic Development has said their major goal as government is to increase household incomes. He says they want to improve the quality of life of Ugandans. He noted that they are working with all sectors under a program approach to achieve this objective. Ramadhan Ggoobi revealed that as government, ...