Government unveils plan to grow economy

Uganda: Govt unveils plan to grow economy by commercialising agriculture, cheaper credit, export growth and import substitution

Government has unveiled a plan it says will rapidly grow the economy and create jobs. The 2019/2020 draft Budget Estimates for Financial Year 2019/2020 show that five priority areas have been identified, including lowering the cost of credit, cost of doing business, growing exports and improving import substitution industries. Others are increasing opportunities for youth […]

Uganda: Drought drives up milk prices

Since November last year, most of the districts in the Rwenzori sub-region have been experiencing drought and this has affected milk production. As a result, milk prices have soared, especially in Fort Portal town. Farmers now move long distances with their animals in search of pastures and water due to their (farmers’) failure to adapt […]

Uganda: URA to Collect $280m From Cargo Clearing Programme

Without breaking a sweat, the customs department at Uganda Revenue Authority (URA) is guaranteed of slightly more than a trillion shillings ($280m) in revenue from companies it has enrolled in the Authorised Economic Operator (AEO) programme. The AEO is generally a trade facilitation initiative which the tax body uses to ease trade by simplifying and […]

Uganda's Oil Sector Is On the Right Track'

Norway happy with Uganda’s progress in the Oil Sector

Interview between Susan Eckey, Norway’s ambassador to Uganda and The Independent’s Ronald Musoke on the growing bilateral relations between the two countries. Tell us about your impressions of Uganda since you arrived in 2015? Uganda is my first posting as a bilateral ambassador. I am a career diplomat and I started my foreign service in […]

Why The East African Oil Bonanza Remains A Dream… For Now

When Tullow Oil (Tullow) announced the basin opening finds in Uganda and Kenya in 2009 and 2012, oil prices were soaring and both countries were jubilant over joining Africa’s oil boom. Undaunted by the collapse in oil prices, Uganda, Kenya and their exploration partners press forward with development of their massive oil fields estimated at […]