Sustainability, Economic Trends, Public Health, and Education Support: Uganda In A Week

Uganda's Inflation Rises to 3.6% in January 2025

Uganda’s annual inflation rose to 3.6% in January 2025, up from 3.3% in December 2024, driven by increasing prices of essentials like sugar, laundry soap, and second-hand vehicles. Core inflation, excluding food and energy, reached 4.2%, reflecting deeper economic pressures. The inflation surge may influence the Bank of Uganda’s monetary policy as it seeks to stabilize prices.

?Rising costs impact household budgets, reducing purchasing power and affecting consumer spending. Policymakers are closely monitoring the situation to mitigate adverse effects on businesses and the public. If inflation continues to rise, interest rate adjustments may be necessary to control price increases and maintain economic stability.

(PR Value:3,2194,542 USH)

NCBA Group Commits Shs 900 Billion to Sustainability

NCBA Group is investing Shs 900 billion in environmental sustainability and social initiatives, with a third of the funds already available .NCBA Uganda launched its first EV charging station at Twed Towers and added a Hyundai Kona EV to its fleet. CEO Mark Muyobo reaffirmed the bank’s commitment to reducing emissions and promoting green finance.

?Uganda’s shift to e-mobility by 2030 could cut 1.5 million tons of CO2 annually. NCBA also plans to plant 10 million trees, eliminate single-use plastics, and expand waste recycling. By reducing financed emissions by 30% by 2030, NCBA aligns with the Paris Agreement, setting an example for sustainable banking in the region.

(PR Value:1,150,500 USH)

Shs331.9 Billion Stalled in Tax Disputes Due to Tribunal's Limited Capacity

The Auditor General’s report shows Shs 331.9 billion is locked in unresolved tax disputes due to the limited capacity of the Tax Appeals Tribunal. Of 368 cases filed between June 2022 and June 2024, only 19 were resolved, with 212 still pending. The backlog stems from a shortage of tribunal members. Chairperson Crystal Kabajwara disputes the report, stating 188 cases worth Shs 265 billion were settled in 2023.

?The report warns that unresolved disputes delay government revenue collection and hinder business investments. The Auditor General recommends structural reforms to enhance efficiency and reduce case backlogs, ensuring quicker resolution of tax disputes and improving the business environment.

(PR Value:56,650,569 USH)

Uganda Receives First Malaria Vaccine Batch

Uganda will receive its first batch of the R21/Matrix-M malaria vaccine on February 7, with 2.3 million doses arriving and an additional 725,100 expected in April. The vaccine, developed by the Serum Institute of India, will be distributed to 105 districts, targeting children aged six to eleven months. Full rollout is scheduled for April 7.?

The vaccine aims to reduce malaria-related deaths, which account for nearly 40% of child fatalities in Uganda. This effort aligns with broader African vaccination programs, with over 9.8 million doses delivered to 17 endemic countries. Pilot programs in Ghana, Kenya, and Malawi have shown a 13% decline in child mortality, providing a strong foundation for Uganda’s initiative.

(PR Value:1,252,440 USH)

Belgium Donates UGX 40 Million to Uganda Martyrs College Kyondo to Boost Education

The Government of Belgium has donated UGX 40 million to Uganda Martyrs College Kyondo in Kasese District to support educational development. The funds were officially handed over by Belgium’s Minister of Development Cooperation, Caroline Gennez, to the college administration. This financial support aims to enhance the learning environment, improve educational resources, and strengthen academic programs at the institution.

The donation is part of Belgium’s broader efforts to promote quality education and foster international collaboration with Uganda. Minister Gennez emphasized Belgium’s commitment to supporting Uganda’s education sector, ensuring students receive better opportunities for academic growth. This gesture further solidifies the strong ties between Belgium and Uganda, reinforcing their partnership in advancing education and sustainable development initiatives.

(PR Value: 9,866,343 USH)

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