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Musevenomics Conference 2025 Opens in Kampala with Focus on Uganda’s Economic Future

Organised by the Uganda Development Forum (UDF), the two-day event is themed “Sustaining Musevenomics: Navigating Uganda’s Economic Future in a Disrupted World.” With President Yoweri Museveni set to deliver the closing keynote, the conference focuses on value addition, industrialisation, and inclusive growth, while also addressing global economic challenges and the ambitious goal of expanding Uganda’s GDP from $50 billion to $500 billion.

Uganda Fights Illicit Alcohol with Digital Tax Stamps to Boost Revenue and Public Safety

With 65% of alcohol consumed in Uganda being illicit, the DTS system—managed by SICPA Uganda and overseen by URA—is helping formalize the sector by requiring digital, traceable stamps on excisable goods. Beyond enhancing tax compliance, the initiative addresses major public health risks and strengthens Uganda’s domestic revenue base.

Uganda Records Higher-Than-Expected Fiscal Deficit in April 2025

The Government of Uganda recorded a fiscal deficit of Shs 1,807.72 billion (1.807 trillion) in April 2025, according to the Ministry of Finance’s latest monthly economic performance report. This figure exceeds the projected deficit of Shs 1,213.07 billion (1.213 trillion) for the month, largely due to lower-than-anticipated tax and non-tax revenues, alongside increased expenditure.

EAC Countries to Adopt a Common Currency by 2031

The East African Community aims to introduce a common currency by 2031, contingent on successful fiscal and monetary policy harmonization. East African Affairs Minister Rebecca Kadaga highlighted ongoing progress while noting delays in political integration.

Gen. Muhoozi Kainerugaba and President John Mahama Discuss Economic Integration and Security in Africa

Uganda’s Chief of Defence Forces, Gen. Muhoozi Kainerugaba, met with Ghana’s newly elected President, John Mahama, in Entebbe.The meeting focused on strengthening Pan-African cooperation, with discussions on enhancing economic integration between East and West Africa and developing strategies to protect the continent from emerging global power competition.

Col. Edith Nakalema Engages Indian Business Forum to Bolster Investment Opportunities in Uganda

Col. Edith Nakalema, head of the State House Investors Protection Unit, held discussions with the Indian Business Forum led by Director General Rajesh Kumar to promote investments in Uganda. Nakalema emphasized SHIPU’s commitment to a transparent, fraud-free investment environment and introduced the Uganda Electronic Investors Protection Portal to streamline processes.