finance 11 June 2026
Uganda's Parliament has greenlit a loan package amounting to €168.9 million (approximately Shs720 billion) from the UK Export Finance and Citi Bank to boost coffee production through a large-scale solar irrigation initiative. The project aims to enhance climate resilience for farmers and increase coffee yields. Source: https://www.parliament.go.ug/index.php/news/4458/house-approves-eu1689m-loan-mega-solar-irrigation
Politics 10 June 2026
Uganda's parliamentary opposition has presented its Shs71.4 trillion alternative budget for the Financial Year 2026/27, focusing on safeguarding lives and livelihoods. The budget aims to address critical areas like healthcare, education, and agriculture. Source: https://www.monitor.co.ug/uganda/business/finance/opposition-presents-alternative-budget-5492080
Business 10 June 2026
Uganda's total government-backed loan guarantees have significantly increased to $200 million in the 2024/25 financial year, driven primarily by new financing facilities secured by the Uganda Development Bank (UDB). Despite the rise in total value, actual disbursed amounts remained lower than approved loans. Source: https://www.monitor.co.ug/uganda/business/markets/govt-loan-guarantees-rise-to-200m--5492018
government 10 June 2026
Uganda's Parliament has greenlit a significant loan of up to €168.9 million (approximately Sh786 billion) from the UK Export Finance (UKEF) and Citi Bank. The funds are earmarked for Phase II of the Solar Powered Irrigation Systems Project, designed to boost coffee production and enhance climate resilience for farmers. Source: https://www.parliament.go.ug/news/4458/house-approves-eu1689m-loan-mega-solar-irrigation
Business 10 June 2026
Uganda's government is aligning its 2026/27 budget with the ATMS (Agriculture, Tourism, Minerals, Manufacturing, Science, Technology, and Innovation) framework, aiming for coordinated investment to drive industrialization and boost exports. Source: https://www.monitor.co.ug/uganda/business/finance/aligning-2026-27-budget-to-atms-growth-agenda--5491958
finance 10 June 2026
Civil society organizations (CSOs) and economists are expressing concerns that Uganda's record Shs84.3 trillion budget for the 2026/27 financial year may not significantly alleviate the cost of living for ordinary citizens. They argue that substantial portions are allocated to debt servicing and long-term industrial projects, potentially diverting funds from critical social sectors. Source: https://www.monitor.co.ug/uganda/business/finance/csos-warn-shs84-trillion-budget-may-deliver-little-relief-to-ugandans-5491934
finance 10 June 2026
The Uganda Bankers’ Association indicates that some financial institutions are hesitant to lend to 107 Members of Parliament embroiled in election petitions, viewing it as a significant financial risk. Source: https://www.monitor.co.ug/uganda/news/national/banks-wary-of-lending-to-107-mps-facing-election-petitions-5491482
Business 9 June 2026
Absa Bank has significantly boosted its standing in Uganda's retail banking sector following regulatory approval of its acquisition of Standard Chartered Bank's retail and wealth management business. This strategic move enhances Absa's scale and competitive position in a rapidly evolving financial landscape. Source: https://www.monitor.co.ug/uganda/business/markets/the-battle-for-uganda-s-banking-retail-market-5490696
Business 8 June 2026
Uganda is set to implement substantial tax relief measures starting July 1, 2026, offering waivers on historical tax liabilities, penalties, and interest for eligible taxpayers. Source: https://www.monitor.co.ug/uganda/business/prosper/who-qualifies-for-new-tax-waivers--5488894
economy 6 June 2026
A year after a significant national address, insights from Daily Monitor reveal a mixed bag for Ugandan household finances, with inflation and cost of living remaining major concerns for citizens despite government pronouncements. Source: https://www.monitor.co.ug/uganda/magazines/people-power/one-year-later-the-state-of-your-wallet-5486930
Business 6 June 2026
A significant tax dispute involving Uganda's Bujagali Hydro Power Project, valued at Shs157 billion, is poised to have far-reaching implications for multi-billion dollar infrastructure developments across East Africa. The High Court's ruling, though specific to Ugandan law, highlights critical issues for investors and governments in the region. Source: https://www.monitor.co.ug/uganda/business/finance/how-shs157b-bujagali-tax-dispute-will-reshape-east-africa-s-multi-billion-infrastructure-projects-5487378
Business 5 June 2026
Recent pushes for consolidation within Uganda's insurance sector are starting to alter market share dynamics, with new entities emerging from mergers. This trend is projected to continue as the Insurance Regulatory Authority (IRA) encourages greater financial strength among insurers. Source: https://www.monitor.co.ug/uganda/business/insurance/mergers-begin-to-redraw-insurance-market-share-5485876
relationships 4 June 2026
As traditional gender roles in provision evolve, couples in Uganda are increasingly facing the reality of differing income levels. This shift necessitates open communication and a redefined approach to managing finances within relationships. Understanding and addressing these disparities is key to fostering financial harmony and relationship longevity. Source: https://www.monitor.co.ug/uganda/lifestyle/reviews-profiles/his-money-her-money-our-money-can-couples-survive-income-gaps--5484096
finance 2 June 2026
The Bank of Uganda has introduced new regulations capping individual cash withdrawals at Shs50 million and business withdrawals at Shs500 million. These measures aim to encourage a transition towards digital transactions and enhance the security of the financial system. Source: https://www.monitor.co.ug/uganda/business/markets/bou-caps-individual-cash-withdrawals-at-shs50m-businesses-at-shs500m-5482712
Business 1 June 2026
The Bank of Uganda has granted regulatory approval for Standard Chartered Bank Uganda to sell its Wealth and Retail Banking business to Absa Bank Uganda, a move poised to significantly reshape the local financial sector. Source: https://www.monitor.co.ug/uganda/news/national/bank-of-uganda-clears-standard-chartered-retail-business-sale-to-absa-5480754
finance 31 May 2026
Uganda Clays Limited owes the National Social Security Fund a debt that has ballooned to over Shs23 billion, crippling investor returns and highlighting the complex relationship between the two entities. Source: https://www.monitor.co.ug/uganda/business/finance/how-nssf-patience-hurts-investors-of-uganda-clays-5479796
Business 31 May 2026
With the financial year nearing its close on June 30, the Uganda Revenue Authority (URA) is calling on all taxpayers to settle outstanding debts and file pending returns to help meet the Shs36.7 trillion revenue target. Source: https://www.monitor.co.ug/uganda/business/finance/ura-ramps-up-financial-year-end-tax-payments--5479626
Business 28 May 2026
Recent parliamentary amendments to Uganda's Income Tax Act will significantly increase scrutiny on transfer pricing, shifting the burden of proof to taxpayers. Once enacted, companies must provide robust documentation demonstrating that related-party transactions reflect market value. Source: https://www.monitor.co.ug/uganda/oped/commentary/tightening-the-grip-on-transfer-pricing-5476160
Business 27 May 2026
Uganda's digital lending sector experienced a massive surge in 2025, with loan disbursements and repayments nearly matching each other, indicating robust credit circulation despite an increasing non-performing loan ratio. Source: https://www.monitor.co.ug/uganda/business/markets/digital-borrowing-is-exploding-repayment-looks-good-as-well-5475710
Business 26 May 2026
Internal Audit functions in Uganda are urged to move beyond mere compliance checks and embrace a strategic role in value creation and risk mitigation. Professionals are encouraged to focus on areas that demonstrably impact organizational success. Source: https://www.monitor.co.ug/uganda/business/prosper/from-compliance-to-value-creation-5474048
Business 25 May 2026
While access to finance has long been the focus of SME support in Africa, foundational structural weaknesses continue to hinder growth. Business coaching, through programs like Ankolo Consulting's Masterclass, is emerging as a critical intervention to address these gaps and unlock scalable expansion for enterprises. Source: https://www.monitor.co.ug/uganda/business/how-business-coaching-is-turning-african-sme-ambition-into-scalable-growth-5473478
finance 25 May 2026
Uganda's non-profit sector, facing a severe funding and credibility crisis exacerbated by aid cuts, can find a path forward with the adoption of a new global accounting standard designed specifically for non-profits. Source: https://www.monitor.co.ug/uganda/business/finance/why-ngos-can-no-longer-afford-to-keep-bad-books-5472342
economy 25 May 2026
Uganda's newly passed FY2026/2027 budget, while ambitious in its goals for industrialization and improved living conditions, faces significant hurdles due to high public debt, insufficient domestic revenue, and systemic implementation challenges. Source: https://www.monitor.co.ug/uganda/oped/letters/budget-ambition-constrained-by-debt-revenue-limits-and-implementation-5472206
finance 24 May 2026
Uganda's budget is facing severe strain as the government increasingly relies on new loans to service existing debts. This practice, often termed 'robbing Peter to pay Paul', is diverting funds from essential public services and development projects, according to financial analysts. Source: https://www.monitor.co.ug/uganda/business/finance/how-robbing-peter-to-pay-paul-derails-budget-plans-5470058
international relations 23 May 2026
Construction of Uganda's new High Commission building in Abuja, Nigeria, valued at Shs19 billion, is stalled due to ongoing payment disputes between the contractor, DESERECT Nigeria Ltd, and Ugandan diplomats. The project, initially slated for completion in April 2024, is reportedly 95 percent complete but remains unfinished. Source: https://www.monitor.co.ug/uganda/magazines/people-power/nigerian-firm-diplomats-tangle-over-shs19-billion-abuja-embassy-building--5470978
finance 22 May 2026
Many Ugandans find saving difficult, often spending their income before any money is set aside. Financial experts emphasize that the solution lies not in willpower, but in systemic changes and automated processes. Source: https://www.monitor.co.ug/uganda/news/national/why-we-make-heavy-weather-of-saving-how-to-have-it-fixed-5469710
finance 22 May 2026
A World Bank document reveals that 27 countries are actively pursuing access to the institution's emergency financing facilities. This surge in interest highlights growing global concerns over economic instability and the need for robust safety nets. Source: https://www.monitor.co.ug/uganda/news/world/world-bank-document-shows-27-countries-seeking-to-ensure-access-to-crisis-funds-5470204
economy 21 May 2026
Uganda's fiscal deficit for April 2026 significantly narrowed to Shs 264.51 billion, less than projected. This was mainly due to reduced spending on infrastructure and assets, despite underlying issues with revenue collection and increased recurrent expenditures. Source: https://www.monitor.co.ug/uganda/news/national/uganda-s-april-fiscal-deficit-narrows-to-shs264b-despite-major-revenue-shortfalls-5468252
Business 19 May 2026
The remarkable success of Amish businesses, characterized by self-sufficiency and community focus, provides a compelling case study for Ugandan Small and Medium Enterprises (SMEs) seeking sustainable growth. Source: https://www.monitor.co.ug/uganda/oped/letters/lessons-for-ugandan-smes-from-the-amish-5465030
economics 18 May 2026
The 2026 IMF/World Bank Spring Meetings highlighted Uganda's economic progress, driven by foreign direct investment and enhanced export revenues, while also underscoring the need for continued fiscal prudence and structural reforms. Source: https://www.monitor.co.ug/uganda/oped/commentary/reflections-from-2026-imf-world-bank-spring-meetings-5464720
Business 18 May 2026
The conversation around Small and Medium Enterprises (SMEs) in Uganda needs to shift from solely focusing on access to finance towards enabling timely action. SMEs require practical guidance and swift processing to capitalize on business opportunities. Source: https://www.monitor.co.ug/uganda/oped/letters/from-access-to-action-rethinking-how-ugandan-smes-engage-with-finance-5464144
Business 18 May 2026
The Uganda Bankers Association has appointed Michael Mugabi as its new chairperson, taking over from Julius Kakeeto. This transition occurs as the sector reports significant asset and deposit growth, alongside improved loan performance. Source: https://www.monitor.co.ug/uganda/news/national/banking-industry-gets-new-leadership-boasts-of-significant-growth-5463834
Business 15 May 2026
East African institutional investors are increasingly exploring alternative investments beyond traditional government securities, driven by falling yields and a need for diversification. However, challenges such as taxation, liquidity, and governance persist. Source: https://www.monitor.co.ug/uganda/news/national/why-alternative-assets-are-still-a-complex-bet-5461398
Business 15 May 2026
The National Social Security Fund (NSSF) is increasingly focusing its investment portfolio on infrastructure projects, a move aimed at generating higher, stable returns for its members. Source: https://www.monitor.co.ug/uganda/business/prosper/nssf-bets-on-infrastructure-what-s-in-it-for-savers--5461218
Business 14 May 2026
Pearl Bank's mobile money initiative, Wendi, has significantly boosted deposits, but soaring Treasury yields and capital constraints are compelling the state-owned lender to prioritize government debt over loans to farmers and small businesses. Source: https://www.monitor.co.ug/uganda/business/markets/balancing-competing-interests-the-dilemma-facing-pearl-bank-5459648
finance 13 May 2026
Despite significant digital advancements and a bold shift to a programme-based national development plan (NDP III), Uganda grapples with persistent implementation gaps, capacity limitations, and fragmented coordination, hindering effective public finance management and service delivery. Source: https://www.monitor.co.ug/uganda/business/finance/the-public-finance-puzzle-why-planning-reforms-fail-5457980
Business 11 May 2026
The East African Development Bank (EADB) has introduced a new $13 million (approximately Shs49 billion) fund aimed at supporting youth and women entrepreneurs in the region. This initiative is part of EADB's strategy to foster inclusive economic growth by providing capital to underserved businesses. Source: https://www.monitor.co.ug/uganda/news/national/-eadb-sets-up-shs49b-fund-for-youth-and-women-led-enterprises-5455066
Business 11 May 2026
Owning company shares offers Ugandans direct participation in business growth, potentially yielding significant returns through dividends and capital appreciation beyond traditional savings. Understanding the stock market mechanism can transform passive consumption into active wealth creation. Source: https://www.monitor.co.ug/uganda/business/prosper/why-you-should-invest-in-company-shares--5454706
Business 11 May 2026
Uganda's tax authority has introduced a fixed 40% Pay As You Earn (PAYE) rate for secondary employment income, impacting how individuals with multiple job roles are taxed. This change potentially alters the take-home pay for many professionals with side hustles or concurrent roles. Source: https://www.monitor.co.ug/uganda/business/prosper/paye-changes-they-re-not-telling-you-5454666
Business 10 May 2026
Cornerstone Insurance Company has announced plans to acquire a significant 64.95 percent stake in the National Insurance Corporation (NIC) from its Nigerian parent company, Industrial and General Insurance Plc. The deal, pending regulatory approval, signals a major shift in Uganda's insurance landscape. Source: https://www.monitor.co.ug/uganda/business/insurance/why-cornerstone-is-buying-nic--5453168
finance 10 May 2026
Uganda's efforts to raise capital through diaspora bonds for domestic investment may be jeopardized by concerns surrounding national sovereignty, a recent commentary suggests. The perceived threat to sovereignty could deter potential investors. Source: https://www.monitor.co.ug/uganda/oped/commentary/sovereignty-bill-has-doomed-uganda-diaspora-bond-efforts-5453518
Politics 6 May 2026
Ugandan MPs have greenlit a Shs 1.105 trillion supplementary expenditure just before the 2025/2026 financial year ends, including funds for police, health workers, elections, and more. The approval reignites debate over extra funding for the Atiak Sugar Factory project. Source: https://observer.ug/news/its-atiak-sugar-again-as-mps-approves-shs-1-1-trillion-supplementary-expenditure
Business 6 May 2026
After 15 years of remarkable growth under Fabian Kasi, Centenary Bank transitions to new leadership with Godfrey Byekwaso taking the helm as managing director, promising continued digital innovation and regional expansion for Uganda's banking powerhouse. Source: https://www.monitor.co.ug/uganda/business/markets/centenary-bank-end-of-an-era-that-has-built-a-giant-and-start-of-another-5449544
Business 6 May 2026
Uganda's fiscal deficit expanded to Shs8.29 trillion in the first seven months of the 2025/26 financial year due to higher government spending on wages, infrastructure, and services amid falling revenues and grants. The Bank of Uganda warns of rising debt costs and pressures on private sector credit, though debt remains sustainable with careful management. Source: https://www.monitor.co.ug/uganda/business/finance/budget-deficit-widens-as-govt-spending-overruns-revenues-5449464
Business 6 May 2026
Centenary Bank has launched custodial services, becoming the seventh player in Uganda's underdeveloped sector managing over Shs 30 trillion in retirement assets. The bank, with assets surpassing Shs 8.6 trillion and a loan book over Shs 4 trillion, aims to extend services beyond urban areas using its vast network. Source: https://www.monitor.co.ug/uganda/news/national/centenary-bank-launches-custodial-services-5449036
Business 6 May 2026
Letshego Uganda Limited has calmed concerns among employees and customers, promising no job losses or service disruptions as Axian Digital Venture Holdings takes full ownership. The deal, part of a broader divestment from five African subsidiaries, awaits regulatory approval. Source: https://www.monitor.co.ug/uganda/news/national/letshego-uganda-reassures-staff-on-jobs-as-axian-takes-over-5448974
finance 6 May 2026
aBi Finance has launched two key initiatives in Kampala to embed ESG principles into Uganda's banks and microfinance institutions, promoting sustainable financing amid global shifts. The efforts, backed by the Bank of Uganda and industry partners, aim to enhance climate risk management and inclusive growth. Source: https://observer.ug/news/abi-finance-esg-push-could-reshape-ugandas-financial-sector
Politics 5 May 2026
Uganda's Parliament has greenlit a Shs1.1 trillion supplementary expenditure for the 2025/2026 fiscal year, funding President Museveni's swearing-in, AFCON 2027 preparations, and local council elections. The approval came after suspending standard scrutiny rules amid debates on the urgency of these costs. Source: https://www.parliament.go.ug/news/4419/parliament-approves-shs11-trillion-supplementary-expenditure
Politics 5 May 2026
Uganda's Parliament has approved a Shs1.1 trillion supplementary expenditure for the 2025/2026 fiscal year, funding President Museveni's swearing-in, AFCON 2027 preparations, and local council elections. The approval came after bypassing standard committee reviews amid debates on the urgency of the spending. Source: https://www.parliament.go.ug/index.php/news/4419/parliament-approves-shs11-trillion-supplementary-expenditure
Politics 5 May 2026
Uganda's Parliament has sanctioned a supplementary expenditure of Shs1.1 trillion for the 2025/2026 financial year. The funds are earmarked for key national events and administrative needs, including preparations for hosting the Africa Cup of Nations (AFCON) 2027 and local council elections. Source: https://www.howwe.ug/news/national/42922/parliament-approves-shs1.1-trillion-supplementary-expenditure
Business 5 May 2026
Mobile money lending in Uganda exploded by 80 percent in 2025, with users borrowing nearly Shs3 trillion, led by MTN's Shs2.7 trillion in loans. This shift marks telecom platforms as a dominant force in credit access, outpacing traditional banks. Source: https://www.monitor.co.ug/uganda/business/markets/mobile-money-users-borrowed-nearly-shs3-trillion-in-2025--5448208
Business 5 May 2026
Ugandan courts have upheld that stamp duty must be paid by the person who signs or creates a document, not the one who benefits from it, as seen in a recent case dismissing a Shs187m URA claim against Ecobank. With URA ramping up audits and proposing stricter reporting rules, businesses are urged to review contracts and maintain clear records. Source: https://www.monitor.co.ug/uganda/business/finance/who-bears-the-burden-of-paying-stamp-duty--5448110
Business 4 May 2026
Treasury bond prices in Uganda emerge from competitive auctions run by the Bank of Uganda, where investor bids determine the cut-off yield and thus the price. High demand lowers yields and raises prices, while low demand does the opposite, driven by economic factors like inflation and central bank policy. Source: https://www.monitor.co.ug/uganda/business/prosper/where-does-a-bond-s-price-come-from--5447220
Business 4 May 2026
Letshego Africa Holdings is selling its Ugandan operations and businesses in four other African countries to Axian Group, impacting nearly 500 employees in Uganda after over 20 years of service with 46 branches. The deal, pending regulatory approval, shrinks Letshego's footprint to six sub-Saharan markets while boosting its focus on southern Africa. Source: https://www.monitor.co.ug/uganda/news/national/500-employees-affected-as-letshego-exits-5447200
Business 4 May 2026
Letshego Africa Holdings is selling its operations in Uganda, Ghana, Tanzania, Nigeria, and Rwanda to Dubai-based Axian Digital Venture Holdings as part of a strategic shift to Southern Africa. The move ends over 20 years of Letshego's financial inclusion efforts in Uganda, paving the way for growth under new ownership. Source: https://www.monitor.co.ug/uganda/news/national/letshego-to-exit-uganda-four-other-african-countries-after-axian-acquisition--5446670
Business 4 May 2026
Ugandans often face tough choices when needing quick cash like Shs20 million, forced to sell valuable land plots entirely due to lack of liquidity. Treasury bonds offer a flexible alternative, allowing partial liquidation with high yields and reliable income. Source: https://www.monitor.co.ug/uganda/business/prosper/-don-t-sell-your-plot-to-fix-a-shs20m-problem--5446338
Business 3 May 2026
Bank of Baroda has delivered exceptional returns for investors through disciplined operations, surging dividends, and robust profitability, turning a Shs1m investment in 2022 into over Shs27m today. Despite impressive gains, analysts see it remaining undervalued compared to market peers. Source: https://www.monitor.co.ug/uganda/business/markets/bank-of-baroda-high-yielding-stock-but-largely-undervalued-5445816
Business 3 May 2026
Standard Chartered Bank Uganda reported a staggering 503% profit increase to Shs115.1 billion in 2025, far outpacing the sector's 36% growth. The surge stemmed from lower taxes, a pivot to corporate banking, cost cuts, and gains from selling its retail business to Absa. Source: https://www.monitor.co.ug/uganda/business/markets/a-503-profit-growth-the-story-behind-stanchart-s-surge--5445790
Business 2 May 2026
Centenary Bank is poised for a major leadership shift, with long-time executive Godfrey Byekwaso set to become Managing Director as Fabian Kasi moves to head the broader Centenary Group. The changes include new Executive Director roles to sharpen oversight on business operations and compliance with evolving regulations. Source: https://www.monitor.co.ug/uganda/news/national/centenary-bank-makes-hushed-leadership-changes-5444260
Business 30 April 2026
Former Finance Minister Gerald Ssendaula argues that borrowing is essential for Uganda's growth but stresses that the key problem lies in how the funds are spent. He urges better utilization in productive areas like infrastructure and education to ensure repayment capacity. Source: https://www.monitor.co.ug/uganda/business/finance/former-finance-minister-gerald-ssendaula-borrowing-is-not-the-problem-misuse-is--5442630
Politics 29 April 2026
Uganda's Budget Committee has labeled domestic arrears as the 'sitting room of corruption,' highlighting unchecked spending and budget inconsistencies that undermine financial controls. Lawmakers demand better accountability as arrears persist despite repeated clearance efforts. Source: https://www.parliament.go.ug/index.php/news/4405/domestic-arrears-are-recipe-govt-corruption-budget-committee
Politics 29 April 2026
Bank of Uganda Governor Dr. Michael Atingi-Ego has warned lawmakers that the Protection of Sovereignty Bill 2026 could disrupt financial inflows, undermine economic stability, and conflict with the central bank's constitutional independence. The BoU submission highlights risks to remittances, FDI, and the banking sector from the bill's broad definitions and funding caps. Source: https://www.monitor.co.ug/uganda/news/national/verbatim-bank-of-uganda-governor-tells-govt-to-go-slow-on-sovereignty-bill-5440628
Business 28 April 2026
Former Finance Minister Ezra Suruma has advised against imposing additional taxes on fuel, despite the government's recent approval of a Shs200 increase on petrol levies to Shs1,750 per liter. He stresses the need for fiscal discipline, spending prioritization, and robust institutions to tackle Uganda's rising debt and economic challenges. Source: https://www.monitor.co.ug/uganda/business/finance/ezra-suruma-i-would-not-recommend-more-taxes-on-fuel--5439800
Business 28 April 2026
A Ministry of Finance report reveals that 81.3% of externally funded projects are delayed, with only 11.9% on track or completed, due to poor planning, procurement delays, and funding shortfalls. While some progress is noted, systemic issues continue to hinder development goals. Source: https://www.monitor.co.ug/uganda/business/finance/81-3-of-externally-funded-projects-are-behind-schedule--5439758
Business 27 April 2026
Ugandan experts debate the pros and cons of transferring assets to children while parents are alive, highlighting benefits like reduced disputes and knowledge transfer alongside risks such as poor decisions and family conflicts. Proper planning, including wills and trusts, is key to preserving family wealth across generations. Source: https://www.monitor.co.ug/uganda/business/prosper/inheritance-give-it-now-or-regret-it-later--5438716
Business 26 April 2026
Uganda has introduced a regulatory sandbox to lure fintech entrepreneurs by offering a controlled environment where standard rules are relaxed. This initiative aims to foster innovation in the financial technology sector. Source: https://www.monitor.co.ug/uganda/business/finance/uganda-opens-sandbox-to-attract-fintech-founders--5436826
Business 26 April 2026
Parliament's passage of the Income Tax (Amendment) Bill, 2026, introduces a 5% withholding tax on interest paid to foreign lenders, but gross-up clauses in loan agreements mean Ugandan borrowers ultimately foot the bill. This could drive up borrowing costs for critical infrastructure projects in a nation reliant on foreign capital. Source: https://www.monitor.co.ug/uganda/business/finance/who-really-pays-uganda-s-new-tax-on-foreign-lenders--5436794
finance 26 April 2026
Financial experts in the East African Community are pushing for streamlined rules to enable seamless cross-border trading of government treasury bills and bonds, aligning with the EAC Common Market Protocol. A recent Kigali meeting reviewed directives to harmonize regulations and boost capital mobility. Source: https://www.monitor.co.ug/uganda/news/national/experts-push-for-cross-border-trading-of-t-bills-bonds-5436800
Business 26 April 2026
Uganda's stock market is experiencing a significant bull run fueled by declining interest rates, attractive dividends, and growing participation from retail investors. These factors are drawing more capital into equities and boosting market performance. Source: https://www.monitor.co.ug/uganda/business/finance/what-explains-the-bull-run-on-uganda-s-stock-market--5436296
finance 25 April 2026
Ugandans are increasingly trapped in debt cycles from easy digital loans and social pressures, but financial experts outline practical steps to break free. Key advice includes listing all debts, halting new borrowing, strict budgeting, and negotiating with creditors. Source: https://www.monitor.co.ug/uganda/special-reports/how-to-escape-loan-traps-the-dos-and-don-ts-5435928
Business 24 April 2026
Ugandans often struggle to save as expenses consume income immediately, but experts advocate shifting to automated systems and mindset changes to make saving effortless. Key advice includes prioritizing savings first, setting personal goals, and using technology for automatic deductions. Source: https://www.monitor.co.ug/uganda/business/explainer-how-do-we-fix-the-saving-crisis--5435468
energy 23 April 2026
The African Development Bank has approved €7.33 million (Shs31.8 billion) to cover compensation for households impacted by the Uganda Rural Electricity Access Project Phase I and speed up its final stages. This funding supports the broader goal of connecting more rural Ugandans to the grid under Mission 300. Source: https://www.monitor.co.ug/uganda/news/national/afdb-approves-shs31-8b-for-rural-electrification-project-5434482
Politics 23 April 2026
Ugandan lawmakers have approved the Income Tax (Amendment) Bill, 2026, turning down government plans to impose taxes on earnings remitted by citizens working abroad and profits from selling non-business assets like land and jewelry. The decision aims to shield low-income migrants and avoid punitive measures while broadening the tax base for the 2026/2027 budget. Source: https://www.parliament.go.ug/news/4412/parliament-rejects-taxing-kyeyo-earnings
Business 23 April 2026
Unit trusts from SBG Securities are making investing approachable for Ugandans by pooling funds from individuals, groups, and companies into professionally managed portfolios with flexible entry points and quick withdrawals. The firm has launched a new USD Fixed Income Fund to cater to dollar-based savings needs, starting from just $100. Source: https://www.monitor.co.ug/uganda/business/how-unit-trusts-are-opening-doors-for-ugandans-5433304
Business 22 April 2026
Justice Geoffrey Kiryabwire has warned four newly sworn-in Tax Appeals Tribunal members to shun the 'love of money' as a root of corruption, urging them to act like judicial officers with utmost integrity. TAT Chairperson Crystal Kabajwara emphasized their role in delivering impartial tax justice amid high-stakes disputes worth billions. Source: https://www.monitor.co.ug/uganda/business/finance/justice-warns-tax-tribunal-members-over-love-of-money--5433268
Business 22 April 2026
Uganda's PAYE tax reaches up to 40%, the steepest in East Africa, outpacing Kenya's 35% and the 30% rates in Tanzania, Rwanda, and Burundi. Proposed changes for 2026/27 would raise the tax-free threshold to Shs335,000 while introducing new bands, offering limited relief amid rising living costs. Source: https://www.monitor.co.ug/uganda/business/finance/paye-the-tax-that-eats-into-your-salary-5432556
climate 21 April 2026
Uganda secured just $785 million annually in climate finance from 2019-2020, covering only 21% of needs, leaving smallholder farmers vulnerable to erratic weather. Block farming offers a solution by grouping farmers into collective units, making them bankable and enabling access to resilient tools like seeds, insurance, and credit. Source: https://www.monitor.co.ug/uganda/oped/letters/rethink-climate-finance-through-block-farming-5431880
Business 21 April 2026
Many Ugandans are switching mobile money lines or using alternatives to avoid automatic deductions from high-interest online loans, amid booming digital lending that reached Shs3.3 trillion in transactions last year. Defaults risk blacklisting via Credit Reference Bureaus, fueling concerns over financial stability. Source: https://www.monitor.co.ug/uganda/news/national/ugandans-play-cat-and-mouse-games-over-online-loans-5430772
Business 20 April 2026
Uganda's proposed Pay As You Earn (PAYE) changes will raise the tax-free threshold to Shs335,000 monthly and introduce a 25% band for incomes between Shs410,000 and Shs485,000, offering relief to low- and middle-income earners. Despite this, Uganda's tax rates remain higher and start earlier than in neighboring countries. Source: https://www.monitor.co.ug/uganda/business/prosper/how-pay-as-you-earn-changes-will-impact-you-5429728
economy 19 April 2026
Bank of Uganda Deputy Governor Prof. Augustus Nuwagaba has stressed that maintaining stable prices is crucial for building public confidence in the shilling and bolstering its value. He highlighted Uganda's progress in this area compared to nations facing hyperinflation. Source: https://www.monitor.co.ug/uganda/news/national/stable-prices-key-to-strong-shilling-deputy-governor-5428628
Business 18 April 2026
Uganda's government has proposed 50 tax changes across eight laws aiming to raise Shs4.8 trillion, driven by urgent revenue needs from heavy borrowing and shrinking aid, but tax experts highlight how these disproportionately hit low-income groups like boda boda riders and workers. While some reforms promote efficiency, critics argue the package prioritizes targets over fairness, potentially punishing the vulnerable. Source: https://www.monitor.co.ug/uganda/business/finance/fifty-ways-to-tax-the-poor-5428562
Business 18 April 2026
Uganda experienced a surge in foreign investment in government bonds in 2025, but global shocks like the US-Israel strike on Iran triggered rapid outflows, highlighting the fragility of such 'hot money' in emerging markets. Bank of Uganda Governor Michael Atingi-Ego describes this as the 'sophistication paradox,' where advanced regulations attract volatile funds due to shallow domestic markets. Source: https://www.monitor.co.ug/uganda/business/markets/of-frontier-markets-the-pain-of-offshore-money-5427902
Business 18 April 2026
The Uganda Bankers’ Association has cautioned that the draft Protection of Sovereignty Bill 2026 risks disrupting banking operations, delaying remittances, and repelling foreign capital essential for economic growth. They highlight concerns over broad definitions of foreign agents and low thresholds for funding approvals that could impact routine transactions. Source: https://www.monitor.co.ug/uganda/news/national/ugandan-bankers-sovereignty-bill-risks-credit-freeze-hurts-investment-5428260
Politics 16 April 2026
Uganda's Finance Committee has urged a review of the Parish Development Model's uniform Shs100 million per parish allocation, citing disparities in population, land size, and poverty levels that undermine equity and impact. The committee also flagged rising domestic debt rollovers and project inefficiencies in its report presented on April 16, 2026. Source: https://www.parliament.go.ug/news/4404/finance-committee-wants-pdm-funding-structure-reviewed
Politics 16 April 2026
Uganda's Committee on Physical Infrastructure has urged the government to release Shs689 billion immediately for compensating Project Affected Persons (PAPs), warning that delays could halt key infrastructure projects and risk losing Shs3.7 trillion in external funding for 2026/2027. Over 7,000 PAPs remain unpaid, blocking contractor access to sites like Bukasa Port and Standard Gauge Railway. Source: https://www.parliament.go.ug/news/4402/release-shs689-billion-pap-compensation-avert-delay-govt-projects
Business 16 April 2026
Absa Bank Uganda achieved a net profit of Shs222 billion in 2025, up from Shs178 billion the previous year, fueled by robust increases in customer deposits, lending, and net interest income. Executives credit balanced sector lending and economic expansion for the bank's solid performance. Source: https://www.monitor.co.ug/uganda/business/markets/how-absa-made-shs222-billion-in-net-profit-5425764
Business 15 April 2026
Uganda's Stamp Duty (Amendment) Bill, 2026, introduces new stamp duties on vehicle registrations, but fails to account for existing duties on insurance policies, leading to double taxation for vehicle owners. Experts suggest exemptions or adjustments to prevent owners from paying twice for the same vehicle. Source: https://www.monitor.co.ug/uganda/business/finance/new-vehicle-fee-has-a-double-taxation-flaw-5425228
Business 15 April 2026
Uganda's insurance sector has grown its coverage from 405,837 to 506,119 people between Q2 2024 and Q2 2025, yet penetration stays at about 1%. Insurers are now prioritizing SMEs and the informal sector with affordable products to boost uptake. Source: https://www.monitor.co.ug/uganda/news/national/insurers-shift-focus-to-smes-as-coverage-hits-506-000-5424996
news 13 April 2026
An audit has uncovered Shs18.28 million in overpayments to three retired civil servants' estates in Masindi District due to errors in the IFMS system. The report also highlights underpayments to two pensioners totaling nearly Shs12 million. Source: https://www.monitor.co.ug/uganda/news/national/masindi-loses-shs18m-in-pension-overpayments-5421850
Business 12 April 2026
Uganda's national budget follows a continuous annual cycle managed by the Finance Ministry under President Museveni's oversight, starting post-June reading and shaping up by September through a participatory, programme-based approach. For the 2026/27 financial year, the government targets Shs84.2 trillion, with Shs44.5 trillion from domestic sources, emphasizing accountability in allocations amid concerns over underfunded key sectors. Source: https://www.monitor.co.ug/uganda/business/finance/how-uganda-s-national-budget-comes-to-life-5421440
Business 12 April 2026
Uganda's central bank has released draft guidelines to strengthen corporate governance in the rapidly expanding fintech sector, where mobile money handles trillions in transactions. The rules aim to replace informal startup practices with robust boards and risk management, amid concerns over outdated structures. Source: https://www.monitor.co.ug/uganda/business/technology/local-fintech-sector-stares-at-its-governance-moment-5420712
finance 10 April 2026
Uganda's Bank of Uganda is aggressively lowering government bond yields amid low inflation, rejecting high bids to impose lower rates despite secondary market prices indicating investor skepticism. The upcoming auction features 3-year, 10-year, and 20-year bonds with expected yields between 14.75% and 15.75%. Source: https://www.monitor.co.ug/uganda/news/national/what-you-should-know-before-tuesday-s-bond-auction-5419838
economy 10 April 2026
Remittance outflows from Uganda dropped to Shs1.45 trillion ($402 million) in 2025 from Shs1.8 trillion ($502 million) the previous year, with transactions falling from 2.66 million to 2.12 million. India led recipients, followed by Kenya, the US, UK, and Canada, as reported by the Bank of Uganda. Source: https://www.monitor.co.ug/uganda/news/national/workers-in-uganda-sent-less-money-to-relatives-abroad-report-5419832
economy 10 April 2026
Bank of Uganda Governor Dr Michael Atingi-Ego has highlighted that more than Shs7 trillion is stuck in 623 unresolved banking cases, calling it 'dead capital' that hampers economic growth. Chief Justice Flavian Zeija noted Shs3.5 trillion in pending Commercial Division cases alone, pushing for alternative dispute resolution (ADR) to free up funds. Source: https://www.monitor.co.ug/uganda/news/national/shs7-trillion-locked-in-unresolved-disputes-bou-5418688
economy 10 April 2026
Uganda's economy is demonstrating resilience despite global geopolitical tensions, with preliminary estimates indicating significant growth in the second quarter of the financial year 2025/26. The Ministry of Finance projects a positive outlook, boosted by increased investment, exports, and the anticipated commencement of oil production. Source: https://ugandainvest.go.ug/ugandas-economy-is-resilient-and-the-outlook-is-positive-ministry-of-finance
news 9 April 2026
The Ugandan government will disburse Shs17 trillion in the final quarter of the fiscal year, with a large share directed to statutory obligations. This allocation underscores key financial priorities amid ongoing national spending. Source: https://www.monitor.co.ug/uganda/news/national/how-shs17-trillion-will-be-shared-in-last-quarter-5418722
Business 9 April 2026
Uganda's total public debt has reached Shs130.8 trillion by the end of 2025, with domestic borrowing slightly edging out external debt at Shs66 trillion and Shs64 trillion respectively. The debt-to-GDP ratio has climbed to 52 percent, exceeding the IMF's 50 percent threshold, while debt servicing is projected to consume nearly half of government revenues. Source: https://www.monitor.co.ug/uganda/business/finance/uganda-s-public-debt-climbs-to-shs130-trillion--5418636
Business 9 April 2026
Voluntary savings at Uganda's National Social Security Fund (NSSF) have skyrocketed to Shs114 billion, exceeding initial expectations. Officials were surprised by the strong public response despite concerns over mandatory contributions. Source: https://www.monitor.co.ug/uganda/news/national/nssf-voluntary-savings-surge-to-shs114-billion-5418480
Business 9 April 2026
Collective investment schemes in Uganda have amassed Shs5.6 trillion in savings by December 2025, with over 180,000 Ugandans participating amid booming capital market interest. Public offers have raised Shs2.3 trillion, pushing domestic market capitalisation to Shs15.9 trillion. Source: https://www.monitor.co.ug/uganda/business/finance/collective-investment-schemes-amass-shs5-6-trillion-5417824
Business 7 April 2026
The sudden closure of Capital Chicken's Kampala offices in late 2023 revealed a massive Ponzi scheme that duped thousands of Ugandans with false promises of high returns from chicken farming investments. Directors allegedly vanished with billions, leaving investors in ruins and sparking outrage over regulatory failures. Source: https://www.monitor.co.ug/uganda/business/finance/how-chicken-became-uganda-s-most-lucrative-lie-5416212
Business 6 April 2026
Uganda is issuing its first sovereign Sukuk bond worth €405.5 million (Shs1.75 trillion) to fund 15% of Phase 1 of the Standard Gauge Railway from Malaba to Kampala. This Shariah-compliant instrument diversifies funding amid rising public debt and taps into the global Islamic finance market. Source: https://www.monitor.co.ug/uganda/business/prosper/uganda-rolls-the-dice-on-first-sukuk-bond-5414422
Business 5 April 2026
Uganda's stock market is rebounding with higher turnover and volumes in February, driven by key players like MTN Uganda and Stanbic Bank Uganda, as declining government bond yields shift investor focus from fixed income to equities. Source: https://www.monitor.co.ug/uganda/business/finance/ugandan-stocks-gain-as-bond-market-cools-5414262
Business 5 April 2026
New tax proposals to raise excise duties on cement and paints are set to increase construction costs, ultimately pushing up housing prices across Uganda. Industry experts warn that this could exacerbate the ongoing housing affordability crisis. Source: https://www.monitor.co.ug/uganda/business/finance/-new-tax-proposals-will-push-up-housing-costs-5411544
Business 2 April 2026
The World Bank has approved Shs2 trillion to support development in 10 cities across Uganda. The initiative is expected to generate at least 40,000 direct jobs, with 20,000 being permanent positions. Source: https://www.monitor.co.ug/uganda/business/finance/world-bank-approves-shs2-trillion-for-10-cities-5411526
economy 2 April 2026
Remittance inflows to Uganda hit $2.5 billion in 2025, equivalent to 3.8% of GDP, driven by over 16 million transactions averaging $152 each. The US led as the top sender, with digital channels like mobile money dominating 73% of transfers. Source: https://www.monitor.co.ug/uganda/news/national/remittances-to-uganda-hit-2-5-billion-in-2025-5411676
Politics 2 April 2026
Ugandans will cover 52.8% of the FY2026/27 budget totaling Shs84.2 trillion, with local revenue targets rising to Shs44.5 trillion, including Shs7.3 trillion more for URA. New tax measures, such as higher PAYE rates and fuel duties, aim to raise Shs1.7 trillion amid priorities in agro-industrialization and tourism. Source: https://www.monitor.co.ug/uganda/news/national/ugandans-to-shoulder-52-of-shs84-2-trillion-budget-5411502
finance 1 April 2026
Borrowers in Uganda face unfair double payments for credit insurance when transferring loans to new banks with better rates, as the new lender demands fresh coverage despite existing upfront insurance. Experts call for reforms to link insurance to the loan risk itself, not the bank, to promote competition and protect consumers. Source: https://www.monitor.co.ug/uganda/oped/letters/loan-buyoffs-should-borrowers-pay-twice-for-switching-lenders--5410632
Politics 1 April 2026
The Ugandan government has presented new tax legislation for the 2026/27 financial year, featuring a 30% environmental levy on imported second-hand clothing to curb waste and boost local manufacturing. Additional changes target excise duties on spirits, cement, paints, cooking fat, and introduce withholding taxes on digital services, gaming winnings, and high incomes. Source: https://www.parliament.go.ug/news/4384/govt-tables-tax-bills-fy202627
Business 1 April 2026
MARU Credit highlights that Ugandan SMEs often lack the internal structure to effectively use credit, beyond just limited funding access. Through their incubator program, they emphasize building fundamentals like record-keeping and financial discipline to enable growth. Source: https://www.monitor.co.ug/uganda/business/we-have-been-cooking-now-it-is-time-to-serve-5410518
Business 1 April 2026
The National Social Security Fund has introduced a new voluntary savings option under its SmartLife scheme, allowing contributions as low as Shs500, following Cabinet approval to boost informal sector retirement savings toward 15 million participants by 2035. Since the 2024 launch, it has already attracted 3.4 million savers with Shs30 billion in assets. Source: https://www.monitor.co.ug/uganda/business/markets/you-can-now-save-as-low-as-shs500-under-nssf-s-voluntary-scheme-5410484
Business 1 April 2026
Commercial banks in Uganda approved just 39.2 percent of loan applications in January 2026, the lowest in five years, despite a slight uptick in private sector credit. This reflects lenders' growing risk aversion, particularly in key sectors like trade and agriculture. Source: https://www.monitor.co.ug/uganda/business/markets/loan-approvals-decline-to-the-lowest-levels-in-years-5410466
economy 30 March 2026
Africa holds immense wealth in informal savings that, if formalized and channeled effectively, could drive massive economic development across the continent. Experts highlight the need to optimize these funds to unlock hidden opportunities. Source: https://www.monitor.co.ug/uganda/news/development-finance-in-africa-private-savings-unlocked-5408470
Business 30 March 2026
Sukuk, or Islamic bonds, are gaining momentum due to core Islamic finance rules that ban interest, offering an asset-backed alternative reshaping international markets. Their growth highlights a shift toward ethical, Sharia-compliant investments worldwide. Source: https://www.monitor.co.ug/uganda/business/prosper/sukuk-islamic-bonds-reshaping-global-finance-5408462
Business 28 March 2026
Civil Society Budget Advocacy Group Executive Director Julius Mukunda highlights surging public debt, low tax-to-GDP ratios, and fiscal mismanagement in the 2025 Auditor General's report, warning of severe constraints on essential services. He urges reforms to address inefficiencies in revenue collection, arrears, and key sectors like health and education. Source: https://www.monitor.co.ug/uganda/business/finance/our-limited-fiscal-headroom-must-be-a-cause-of-concern-says-mukuda-5406230
Business 28 March 2026
Uganda's tax dispute framework offers multiple mechanisms like ADR but faces challenges in coordination, tight deadlines, and lengthy processes, according to practitioners and URA officials. Reforms are urged to enhance clarity, reduce timelines, and build taxpayer trust. Source: https://www.monitor.co.ug/uganda/business/finance/why-tax-dispute-system-in-uganda-needs-reform-5406040
Politics 27 March 2026
Parliament's finance committee has grilled the Uganda Revenue Authority over its proposal to spend Shs18 billion yearly on office rent at Pearl Tower, seven years after completing its Shs140 billion Nakawa headquarters meant to cut such costs. Lawmakers also probed high budget items like welfare, training, and ICT amid concerns over revenue growth and tax compliance. Source: https://observer.ug/news/ura-seeks-shs-18bn-for-rent-despite-shs-140bn-nakawa-headquarters
Politics 27 March 2026
Ugandan Parliament has turned down a Private Member’s Bill proposed by Hon. Ssemwanga Gyaviira to require state corporations and public entities to deposit all collected revenues into the Consolidated Fund for parliamentary oversight. The rejection came amid concerns over constitutionality and existing legal frameworks allowing some retention of funds. Source: https://www.parliament.go.ug/news/4316/proposal-control-spending-source-fails-parliament
Politics 27 March 2026
Ugandan lawmakers commended the Uganda Revenue Authority for surpassing revenue targets by Shs264.87 billion and the Uganda Retirement Benefits Regulatory Authority for boosting assets under management to Shs30.7 trillion. Despite the praise, concerns were raised over low tax-to-GDP ratios, domestic tax inefficiencies, and URBRA's operational challenges. Source: https://www.parliament.go.ug/news/4312/legislators-praise-ura-urbra-impressive-performance
Business 25 March 2026
Major global asset managers are broadening access to private markets amid slowing exits and rising risks, but Uganda's nascent ecosystem struggles with currency volatility, mismatched funding, and limited exit options. Experts warn that scaling without addressing these basics could import global vulnerabilities into fragile local markets. Source: https://www.monitor.co.ug/uganda/business/markets/private-markets-go-mainstream-as-uganda-still-builds-the-basics--5403318
Politics 25 March 2026
Uganda's Public Accounts Committee (Local Government) has criticized Kira Municipality officials for failing to recover Parish Development Model (PDM) funds, raising fears of repeating past program failures like the Youth Livelihood Programme. The committee demanded detailed recovery reports amid low repayment rates from disbursed billions. Source: https://www.parliament.go.ug/news/4311/pac-faults-kira-municipality-over-poor-recovery-pdm-funds
Business 24 March 2026
The government has obtained Shs422.26 billion through borrowing to purchase 10 new planes for Uganda Airlines, addressing fleet shortages that have disrupted international routes. This funding, part of a larger supplementary budget approved last year, aims to boost the airline's capacity amid rising fiscal pressures. Source: https://www.monitor.co.ug/uganda/business/markets/govt-secures-shs422b-to-buy-10-planes-for-uganda-airlines--5401954
Politics 23 March 2026
The Ugandan government has submitted a Shs6 trillion supplementary budget request to Parliament to address extra spending needs in ministries, departments, agencies, and local governments for the 2024/2025 financial year. The proposal was presented by Minister of State Henry Musaasizi during a plenary session presided over by Speaker Anita Among. Source: https://www.parliament.go.ug/index.php/news/4297/govt-seeks-shs6-trillion-supplementary-budget-bridge-funding-gap
economy 23 March 2026
The Ugandan government plans to raise an additional Shs4.8 trillion through fresh tax reforms and URA administrative steps for the 2026/2027 financial year. Key changes include higher PAYE for top earners, fuel and sugar excises, and new duties on motorcycles and property transfers. Source: https://www.monitor.co.ug/uganda/news/national/tax-proposals-to-hit-hard-as-govt-seeks-to-collect-shs4-8-trillion-5399858
Business 22 March 2026
Uganda Revenue Authority grapples with escalating smuggling fueled by tax gaps with neighbors and global trade shocks from conflicts, risking its Shs36.74 trillion target amid seized goods overflowing warehouses and declining imports. Source: https://www.monitor.co.ug/uganda/business/finance/trade-disruptions-and-smuggling-may-stand-in-the-way-of-ura-s-shs36-trillion-target--5398804
Business 22 March 2026
The Uganda Securities Exchange (USE) has seen a significant boost in market capitalization due to sustained share price gains across several listed firms, driven by investors positioning for dividends and upcoming financial results. Top performers like MTN Uganda and Airtel led the rally, enhancing shareholder value. Source: https://www.monitor.co.ug/uganda/business/markets/rising-share-prices-boost-use-market-capitalization-5398794
Business 21 March 2026
Mary Baine, executive secretary of the African Tax Administration Forum (ATAF), advocates for simplifying complex tax structures and digitizing systems to boost revenue collection across Africa. With her extensive experience from Rwanda and ATAF, she aims to raise the continent's tax-to-GDP ratio from 16% to 20% amid rising debt and donor fatigue. Source: https://www.monitor.co.ug/uganda/business/finance/not-all-is-lost-for-the-tax-systems-in-africa-says-mary-baine--5398282
Business 19 March 2026
Equity Bank Uganda turned a Shs36.6b loss in 2023 into a 500% profit surge to Shs104.7b by 2025 through aggressive provisioning, loan book cleanup, and disciplined cost management. This strategic reset strengthened its balance sheet and positioned it as the fastest-growing subsidiary in the Equity Group. Source: https://www.monitor.co.ug/uganda/business/markets/the-reset-equity-bank-uganda-s-three-year-turnaround-5396740
Business 19 March 2026
Geopolitical shocks from US-Israel strikes on Iran have prompted offshore investors to pull back from Ugandan government securities, weakening the shilling to around Shs3,766 per dollar and driving up bond yields. The Bank of Uganda is countering the pressure through liquidity measures, despite solid local fundamentals like 2.9% inflation. Source: https://www.monitor.co.ug/uganda/business/finance/offshore-investors-rattle-bond-market--5396710
economy 19 March 2026
Uganda's government defends its public debt management as sustainable, emphasizing strategic investments in infrastructure and growth sectors that are already boosting the economy. Despite rising debt levels, the latest Debt Sustainability Analysis confirms long-term viability with prudent borrowing and revenue mobilization efforts. Source: https://www.monitor.co.ug/uganda/oped/commentary/on-uganda-s-public-deb-management-strategy-5396390
economy 18 March 2026
Uganda's total public debt reached $34.86 billion (Shs 131.2 trillion) by December 2025, up from $34.21 billion three months earlier, pushing the debt-to-GDP ratio to 52.7% despite significant servicing payments. While the government deems it sustainable, experts warn of high domestic interest burdens and call for better fiscal management. Source: https://observer.ug/news/ugandas-debt-rises-to-shs-131-trillion
Politics 17 March 2026
Uganda's government has presented the Supplementary Appropriation (No.2) Bill, 2025, to parliament for approval of Shs 6 trillion already drawn from the Consolidated Fund last year. The funds addressed shortfalls in sectors like energy, State House, works, defence, and local governments amid revenue shortfalls and rising costs. Source: https://observer.ug/news/govt-seeks-parliamentary-approval-for-shs-6-trillion-already-spent-last-year
economy 16 March 2026
The Uganda shilling has depreciated significantly against the US dollar due to escalating Middle East conflicts driving up oil prices and global uncertainty. Bank of Uganda is actively managing liquidity to stabilize the currency amid rising import costs and debt servicing challenges. Source: https://www.monitor.co.ug/uganda/news/national/what-next-as-uganda-shilling-weakens-amid-middle-east-tensions--5392790
Business 16 March 2026
Uganda's multiple taxes on mobile money transactions, including excise duties on withdrawals and agent commissions, are driving up costs and pushing users back to cash. Experts warn this undermines financial inclusion despite the sector's massive growth to 43 million accounts and Shs326 trillion in transactions. Source: https://www.monitor.co.ug/uganda/business/prosper/mobile-money-taxes-reverse-digital-financial-inclusion-5392494
Politics 13 March 2026
The Ugandan government has submitted a Shs6 trillion supplementary budget request to Parliament to address extra spending needs in ministries, departments, agencies, and local governments for the 2024/2025 financial year. Minister Henry Musaasizi presented the bill during a plenary session on March 12, 2026, presided over by Speaker Anita Among. Source: https://www.parliament.go.ug/news/4297/govt-seeks-shs6-trillion-supplementary-budget-bridge-funding-gap
Politics 13 March 2026
Uganda's Public Accounts Committee has scrutinised the Ministry of Lands, Housing and Urban Development over its Shs950 million expenditure on the Hoima Oil Refinery proximity area master plan without parliamentary approval. MPs highlighted transparency issues, domestic arrears exceeding Shs401 billion, and violations of procurement rules during a meeting with ministry officials. Source: https://www.parliament.go.ug/news/4289/lands-ministry-expenditure-shs950-million-master-plan-unauthorised
Business 11 March 2026
President Yoweri Museveni launched Tamini General Insurance, Uganda's first Sharia-compliant insurer, during an Iftar dinner in Kampala. The move builds on recent legal reforms and Salaam Bank's success to boost financial inclusion. Source: https://observer.ug/news/museveni-launches-ugandas-first-islamic-insurance-company