Finance
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NSSF earns a record UGX 2.5trillion in realized revenue
The National Social Security Fund (NSSF) today announced that its earnings increased by 15% from Ugx 2.2 trillion to Ugx…
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Parliament Sacco posts Shs9.6 billion in growth
The Speaker of Parliament, Anita Among, has hailed the Uganda Parliamentary Sacco for its continuous expansion following a Shs 9.6…
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How local voices are driving the 2025/26 national budget
As Uganda embarks on its next ambitious journey of economic transformation, a quiet revolution is taking place across the country.…
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dfcu Bank reports impressive 45% profit surge in first half of 2024
dfcu Bank has announced a remarkable financial performance for the first half of the fiscal year 2024, with a 45%…
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BOU lowers lending rate amid signs of economic recovery
In a strategic move aimed at fostering economic growth, the Bank of Uganda has reduced the Central Bank Rate (CBR)…
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New tax policy set to reshape Uganda’s revenue strategy amid public outcry on over-taxation
The policy expected to become public in December, will provide a set of guidelines for the taxation of goods, services…
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Expert warns gov’t: Ugandans will face pinch of traders’ protests
Experts have warned that the tensions escalating in Uganda’s business sector as traders threaten protests following the abrupt cancellation of…
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dfcu bank pays Shs100 billion in taxes to gov’t
In a significant financial achievement, dfcu Bank has successfully paid a substantial sum of 100 billion Ugandan Shillings in taxes to the…
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Digital Money Lending Apps: Unveiling the fraud crisis
A rising wave of fraud cases linked to digital money lending applications, has thrown Uganda’s financial sector into turmoil, leaving…
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BOU closes Mercantile Credit Bank over financial instability
The Bank of Uganda (BOU) has closed Mercantile Credit Bank Limited (MCB), a tier II financial institution, due to severe…
