business

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.

Uganda has committed an additional Shs 905 billion, announced a three-month visa waiver, and rolled out major infrastructure upgrades as it prepares to host up to 650,000 visitors for the 2027 Africa Cup of Nations.

URA has intensified border engagements, urging traders to formalise businesses and better understand the Simplified Trade Regime to improve compliance and ease trade.

In line with the Bank’s mission to accelerate socio-economic development in Uganda through sustainable financial initiatives, the office will support projects within the private sector that have the potential to deliver significant socio-economic benefits in the areas of primary agriculture, industry (including agro-industrialization, manufacturing, knowledge-based industries, and extractives), services (such as health, tourism and hospitality, education, and technology), and infrastructure.

Understanding tax obligations is crucial for businesses to avoid penalties, manage cash flow effectively, and ensure long-term sustainability.

Government says Uganda has sufficient fuel stocks and incoming shipments to meet demand, despite global concerns over Middle East oil supply disruptions.

Kalangala oil palm project has grown into a major economic driver, creating jobs, boosting incomes, and transforming livelihoods despite ongoing challenges.

UNBS has introduced a digital records system to replace paper processes, aiming to improve efficiency, transparency, and service delivery.

MPs have urged government to invest more in industrial parks, saying they are key to job creation, exports and Uganda’s economic growth.