Uganda should raise income taxes and end preferential tax treatment for politicians and military officers to lift low revenue collection, the World Bank said.

The economic analysis recommends macroeconomic recovery and stimulus packages be combined with measures to address environmental and structural issues The report also presents strategies that Uganda ...

Towards the end of last month, the global economic body, the International Monetary Fund (IMF), upgraded its global growth forecast, commonly known as the World Economic Outlook. IMF defines the World ...

Fear of a blown-out war in Juba saw Uganda deploy its military there with an eye on keeping the peace while securing investments made by Kampala. Interviews with regional security officials familiar ...

Uganda projects public debt will surge to nearly half its annual economic output by June this year, driven by fresh borrowing to fund financial stimulus packages for its COVID-hit economy.

Uganda's finance ministry said on Friday it had lowered its economic growth forecast to 5.3%, down from 6.0%, for the 2022/23 financial year because of a slowing global economy, a spike in inflation ...

KAMPALA, Sept 12 (Reuters) - The start of commercial crude oil production in Uganda is expected to propel economic growth into double digits in the next financial year, the International Monetary Fund ...

The latest Uganda Economic Update notes that investments in human capital development and youth over the next five years will significantly impact the future path of the country’s prosperity, and its ...

In continuation of his parley with world leaders across the continent to foster bilateral relationships, cultural exchange, and promotion of peace and stability, Arole Oduduwa, Ooni of Ife, Ooni ...

Uganda’s poverty rate declined from 30.1% in 2019/20 to 26.4% in 2023/24. Rural poverty remains higher at 30.2% compared with 19.8% in urban areas. The World Bank urges structural reforms to boost ...

Uganda has lashed out at a European Union resolution calling on work to stop on the TotalEnergies-led Tilenga oil project and East Africa Crude Oil Pipeline (EACOP), describing it as an affront to the ...