debt
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News
African Credit Rating Agency to launch by September 2025
ADDIS ABABA –– The African Credit Rating Agency [AfCRA], a privately owned financial rating body, is expected to begin operations by September 2025. The agency will provide credit ratings tailored to the…
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News
Alarm as governments, companies borrow USD 25 trillion in 2024
KAMPALA, March 21, 2025 — Governments and companies borrowed USD 25 trillion from markets in 2024, which is USD 10trn more compared to the pre-COVID period, and nearly three times the amount…
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News
Budget analysts warn gov’t against poor debt management
KAMPALA, February 11, 2025 – National budget analysts, led by the Civil Society Budget Advocacy Group [CSBAG], have issued a warning to the government regarding poor debt management and associated inefficiencies. This…
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News
Cultural leader urges Teso youth to embrace saving culture
SOROTI, January 27, 2025 – The Iteso cultural leader, His Highness Paul Sande Emolot, has urged the youth to embrace a culture of saving and work hard to combat poverty within their…
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News
Agro-industrialisation, tourism and mineral devt to expand Uganda’s economy
KAMPALA, June 14, 2024 – Uganda’s growth strategy for the 2024/2025 financial year is anchored on agro-industrialisation, tourism development, mineral development including oil and gas, and technology and innovation, the Minister of…
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News
Parliament approves over Shs 1 trillion supplementary budget
KAMPALA, May 1, 2024 – Parliament has approved a supplementary expenditure budget worth Shs1.106 trillion for settling the offtake arrangement between government and DEI BioPharma Limited, wage, pension and gratuity shortfalls. During…
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News
Uganda secures Shs 468bln loan from IMF
KAMPALA, March 7, 2024: The Executive Board of the International Monetary Fund [ IMF ] yesterday concluded the fifth review of Uganda’s Extended Credit Facility [ECF] Arrangement, enabling the immediate disbursement of…
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Development
MPs raise concerns over Uganda’s debt burden
KAMPALA, January 13, 2024 – The increasing debt burden facing Uganda continues to bother Members of Parliament on the Budget Committee who have put the Ministry of Finance, Planning and Economic Development…
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International
US banks downgraded on worsening outlook
NEW YORK – Global ratings firm Moody’s early this week downgraded several mid-sized US banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits,…
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Western
URA to collect over Shs 30bln tax revenue in Mbarara
MBARARA – Uganda Revenue Authority [URA] expects to collect Shs 30.6 billion from Mbarara region to contribute to the overall target of Shs 29.7 trillion targeted in the current financial year 2023/24.…
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