UGANDA has raised the import duty on fully electric vehicles, hybrid vehicles, and electric motorcycles from zero to 25 percent in the current financial year. This change has significantly increased the cost of these vehicles. For instance, the price of a Nissan Leaf at Motorcare Uganda has risen by over USh51 million ($13,750), from USh204.3 … Read more
IN a significant move against corruption, three Ugandan legislators have been charged with diversion of public resources, according to a charge sheet obtained by Reuters on Saturday. This development marks a continued effort by President Yoweri Museveni’s government to tackle widespread graft among lawmakers. Members of Parliament Michael Mawanda Maranga, Ignatius Wamakuyu Mudimi, and Paul Akamba, all … Read more
UGANDA has entered into an agreement with a business association from the United Arab Emirates (UAE) to construct a new international airport, President Yoweri Museveni’s office announced on Friday. This development marks Uganda’s third international airport and extends the UAE’s economic involvement in the region beyond its existing interests in renewable energy and oil and … Read more
THREE legislators from Uganda’s ruling party have been charged with corruption for attempting to influence the budget of a state-funded rights body. Corruption is widespread in Uganda, but it is uncommon for top officials, especially those aligned with long-serving President Yoweri Museveni and his National Resistance Movement (NRM) party, to face prosecution. The three legislators—Mutembuli, … Read more
IN a significant move to bolster its infrastructure, Uganda has signed an agreement with South Korea for a $500 million loan. The loan, aimed at financing critical infrastructure projects in the East African nation, was announced by Uganda’s finance ministry on Thursday. The Export-Import Bank of Korea (EXIM Bank) will provide the loan, according to … Read more
A RECENT report by Henley & Partners reveals that Uganda is among a select group of African countries expected to witness substantial growth in millionaires over the next decade. While traditional sectors like hi-tech and manufacturing may lag, Uganda is poised to capitalise on agriculture, tourism, and mining to enhance national wealth. The report also forecasts Uganda’s … Read more
IN early 2023, Caroline Ikendi faced a life-threatening situation after undergoing an emergency Caesarean section to remove a stillborn baby and save her two preterm infants. One of the babies had only a 2 percent chance of survival, and without breast milk—which Ikendi couldn’t produce—their chances were slim. Desperate, Ikendi sought breast milk donors and … Read more
THE Ugandan government announced on Thursday that 23 of its citizens, who had been rescued from human traffickers in Myanmar, have been safely brought back home. The group, who had been held in Tachileik, Myanmar, after being lured with promises of high-paying jobs, arrived at Entebbe International Airport on Thursday, according to a statement from … Read more
THE Ugandan government said that 23 of its citizens, who were rescued from human traffickers in Myanmar, have returned home. The group, who were being held in Tachileik, Myanmar, after being lured with promises of high-paying jobs, arrived at Entebbe International Airport on Thursday, the Ministry of Foreign Affairs said in a statement. “They were … Read more
UGANDA has inked a significant agreement with Saudi Arabia’s Islamic Development Bank (IDB), securing a $295 million loan to finance infrastructure projects, announced the country’s finance minister on Tuesday. This move underscores Uganda’s commitment to diversifying its sources of external funding amidst ongoing challenges in resuming lending discussions with the World Bank. Finance Minister Matia … Read more