Together with French Chamber of Commerce Uganda – FCCU, NUTIP_ Kampala, and British Chamber of Commerce Uganda, we gathered to analyze the proposed National Budget Framework Paper (NBFP) for 2025/26 with Ministry of Finance, Planning and Economic Development: MoFPED.
Together, we’re advocating for a budget that fosters growth and investment in Uganda.
Here are the key issues, impacts, and recommendations from our members:
Tax Disputes: Lengthy tax assessments disrupt business operations, slowing down economic growth. We recommend expediting tax dispute resolutions for transparency.
Access to Finance: High borrowing costs hinder investments, especially for SMEs, limiting growth potential. A call for policies to reduce costs and expand government-backed financing.
Climate Change Compliance: Stricter regulations may raise operational costs, challenging businesses transitioning to greener practices. We urge incentives and support for smoother compliance.
Tariff & Non-Tariff Barriers: Trade barriers significantly restrict market access in the EAC, reducing profitability for Ugandan exports. Enhanced government engagement with EAC partners is vital.
Infrastructure Development: Delays in critical projects increase costs and competitiveness challenges. We advocate for streamlined project approvals and strengthened legal frameworks for private investment.
Workforce Planning & Skills Development: Low productivity and skills misalignment hamper growth. A comprehensive digital skills strategy and enhanced private sector training programs are key.
Let’s unite for a better business environment in Uganda.