Government of Uganda (GOU) launched a 10-fold growth goal in the year 2023. The ultimate goal is to grow the nominal Gross Domestic Product (GDP) from USD50billion to USD500billion by the year 2040. This requires a fundamental transformation into an industrialized and export-oriented economy anchored on National Development Programmes (NDPs) […]
During the month of October 2026, there was an unprecedented depreciation of the Ugandan Shilling (UGX) against the United States Dollar (USD). The depreciation is attributed to several factors. Uganda is a net importer and the heightened demand for USD led existing foreign exchange reserves to plummet. According to the […]
NSSF Uganda disclosed that its Board approved the USD50million equity stake in the Marriott Hotel and Apartments located in Nsambya, Uganda after a one-year due diligence. This USD50million translates into a 30% shareholding by NSSF in the joint venture. The other shareholders include the Ngabirano Group, Capital Shoppers Limited, Marriott […]
UMEME was a household name in Uganda from the year 2005, with its Yaka brand of pre-paid electricity distribution. After seven years, UMEME listed on the USE in 2012 at an Initial Public Offer (IPO) of UGX275/share. However, the 20-year electricity concession agreement expired on 31 March 2025. At the […]
At the Annual Members’ Meeting held in September 2026, the National Social Security Fund (NSSF) reported that member s’ savings had been invested in different asset categories to the tune of UGX32.87trillion as at 30 June 2026; broken down as follows: There have been calls for NSSF to invest in […]
The International Standard on Sustainability Assurance 5000: General Requirements for Sustainability Assurance Engagements (ISSA 5000) provides guidance on how professionals shall approach such engagements. The International Sustainability Standards Board (ISSB) issued the International Financial Reporting Standards (IFRS S1/S2) in 2023. IFRS 1: General Requirements for Disclosure of Sustainability-related Financial Information. […]
The way we manage money today shapes the opportunities we have tomorrow. Financial success depends not only on how much we earn, but on how well we manage what we have. Two people with the same income can end up in very different places one constantly stretched thin, the other […]
Why sustainability, technology, and trust are becoming the new measures of corporate value For decades, a company’s annual report told one story: the financial one. Revenue, profit, assets, liabilities. But that story is no longer enough. Investors want to know how a business will still be creating value five, ten, […]
Professional liability is an important consideration for audit firms and practising accountants. It refers to the legal and ethical responsibility arising from negligence, errors, omissions or non-compliance in the course of professional work. Where these risks are not properly managed, they may result in legal claims, regulatory sanctions, loss of […]
Environmental, Social, and Governance (ESG) reporting is quickly becoming essential for Ugandan businesses. It helps companies show transparency, attract investors, and operate responsibly. Recognizing its value, regulators including ICPAU, Bank of Uganda, Capital Markets Authority, Uganda Securities Exchange, and the Insurance Regulatory Authority are actively advocating for its adoption. Uganda […]