News Uganda Economy: Uganda and Mauritius finally settle on a tax agreement after months of negotiations
After months of negotiations, Uganda and Mauritius have reached an agreement on modifications to their 2015 bilateral double taxation agreement (DTA). According to Uganda's Finance Ministry, among the ...
News Uganda Economy: Uganda Economy to Rebound but Could Take Longer to Become a Lower-Middle-Income Country
Uganda’s growth is expected to be between 3.5% and 4.0% in Fiscal Year (FY) 22 and about 5.5% in FY23; both projections are about one percentage lower than the June 2021 forecast, according to the latest edition of the Uganda Economic Update (UEU). Read more.
News Uganda Economy: Growth Returns to Uganda, but Rising Debt and Spending Risks Shadow the Recovery
Uganda’s economy has rebounded strongly with solid growth and low inflation, but rising deficits, debt, and heavy domestic borrowing are creating growing fiscal risks. With oil production approaching, the IMF warns that without tough reforms on taxes and spending, today’s stability could prove short-lived.
News Uganda Economy: Uganda confirms 1,800 new Covid-19 cases
Uganda's Ministry of Health says 1,809 more people have tested positive for Covid-19 with four more virus deaths as infections on Thursday surged to 139,079 cases since March last year when the ...
News Uganda Economy: Uganda records positive balance of trade, as gold receipts hurt
Uganda’s export and import trade sector recorded declines in both volumes and value in the last six months of the year ending October 2021, as economic activity slowed down compared to the previous ...
News Uganda Economy: BOU tags Uganda economic performance on Omicron
Global economic uncertainties due to Covid-19 are highly projected to continue into 2022 as the pandemic starts its third year. And this, among other factors, will have negative effects on the Ugandan ...
