Economy

Experts have called on government to enact laws to reduce on profit repatriation by multinationals. The development follows the announcement of the retail store Shoprite exiting Uganda after 21 years of service. Some experts even said firms like Shoprite have no legacy or tangible investments to talk about. Francis Muhiire, an economist at Makerere University Business School (MUBS). He said ...

Uganda gaining middle Income Status as a country is something the President has been obsessed with for the past few years. In his numerous addresses, he promised Uganda will soon jump from the cluster of third world countries to the middle income status. However according to world Bank experts, this wait will go more than a decade further before Uganda ...

Kampala City Traders Association (KACITA) Chairman Evarest Kayondo together with Executive Director of Uganda Manufacturer’s Association (UMA), Daniel Birungi have urged all taxpayers to file their returns and pay their due taxes ahead of the 30th of June 2021 deadline. About 15 days left for this financial year to end as per Uganda Revenue Authority deadline. The business advise was ...

Uganda lost close to shs15 billion per month due to impact of covid 19 pandemic despite Uganda having very rich cultural heritage top creative researcher has said. Charles Butambuze who doubles as Executive Secretary of National Book Trust of Uganda told cultural leaders  at Cross Cultural Foundation of Uganda heritage awards 2021 at Uganda mesuem. He called for urgent government ...

Uganda loses about sh 1trillon annually in leather sector exports due to inefficiencies, Makerere University Don Prof John Kabasa has said. Speaking at inter-university conference on leather and leather products at Kyambogo University, Kabasa said despite the huge demand for leather products on global scale Uganda still hovers behind in leather exports and lacks capacity to increase production and technology ...