High service charges drive up inflation

Uganda, Feb. 2 -- Inflation increased to 2.8 percent in January due to an increase in service charges. The increase from 2.6 percent in December last year breaks the reducing cycle of inflation of abo... Read More

PLE candidates performed better in English, Science papers - UNEB

Uganda, Jan. 25 -- The just released Primary Leaving Examinations (PLE) results for the academic year 2023 indicate that although candidates performed better in the English language paper, there was g... Read More

Saudi Arabia cuts hiring fees for Ugandan domestic workers by Shs1.2m

Uganda, Jan. 17 -- The Kingdom of Saudi Arabia has revised downwards the maximum wages payable to domestic workers from a number of countries with wage payments to Ugandan workers reducing from SR9,50... Read More

Govt registers shortfall of Shs394.60b in domestic revenues

Uganda, Jan. 17 -- The Ministry of Finance, Planning and Economic Development has said that the government registered a revenue shortfall of Shs394.60 billion in December 2023, as domestic revenue col... Read More

2024 global economic growth to be weakest in 30 years - World Bank

Uganda, Jan. 11 -- The World Bank Group has stated that global economic growth is projected to slow for the third year in a row - from 2.6 per cent last year to 2.4 per cent in 2024. The slower globa... Read More

Uganda shilling weakensby less than one percent

Uganda, Jan. 5 -- Although the Uganda Shilling has been volatile, the Bank of Uganda says it depreciated by 0.9 percent in 2023 compared to 2022 when the depreciation was slightly higher. In 2022, th... Read More

Poor countries pay back Shs335t on loans a year

Uganda, Jan. 1 -- Poor countries spent about Shs335 trillion ($88.9 billion) in debt-servicing costs in 2022, according to the World Bank's latest international debt report 2023. World Bank is concern... Read More

New Trade Committee will limit data contradictions

Uganda, Dec. 29 -- For more accurate and timely statistics in Uganda, government has formed a National Balance of Payments Committee. The National Balance of Payments Committee has been introduced to... Read More

Government misses revenue collection target by Shs120b

Uganda, Dec. 29 -- The government missed its domestic revenue collection target by Shs120b in November following shortfalls under taxes in international trade transactions and indirect domestic taxes.... Read More

Loan appetite pushes public debt to Shs90 trillion

Uganda, Dec. 28 -- Uganda's total public debt increased by 0.8 percent from $23.68 billion (Shs86.75 trillion) in June to $23.86 billion (about Shs90 trillion) in September. The increase in public de... Read More