business

EACOP says Ugandans are increasingly taking over key jobs as the pipeline reaches 84 per cent completion ahead of Uganda’s expected first oil production in July.

Minister of Local Government Raphael Magyezi has confirmed that Cabinet will proceed with the nationwide trade order enforcement. The directive aims to relocate street vendors to formal markets and improve urban hygiene and planning.

The government has introduced Postcom, an online marketplace operated by Posta Uganda, to modernize domestic trade. By leveraging the national postal network for deliveries, the platform aims to empower small businesses and digitize the economy under the supervision of the Uganda Communications Commission.

Uganda's Parliament has approved a 30 percent environmental levy on imported second-hand clothes and increased taxes on cement, sugar, and motorcycle registration. While the new laws introduce a tax amnesty for old debts and raise the VAT threshold to Shs300 million to aid small businesses, critics warn the "mivumba" tax will hurt low-income earners.

Chinese investors toured Wagagai Gold Mines in Busia, where officials say the project is creating jobs and targeting 1.2 tonnes of gold output each year.

The World Bank warns that Sub-Saharan Africa’s growth is slowing due to rising debt, inflation and global pressures, urging reforms to support recovery and job creation.

URA hosted East African audit chiefs in Kampala to strengthen cooperation and address rising digital-era risks to public revenue

For many Ugandans, especially those in informal work, earnings have barely changed. If your salary or daily income has stayed the same but your expenses have increased, then in reality, you are worse off.

Government released simplified industrial park guidelines to improve coordination, attract investment and accelerate industrialisation.

A global firm plans to launch a regulated digital platform in Uganda to raise up to $1.5 billion for infrastructure and other projects using tokenised assets.