Finance
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Uhuru at 10: CEO says organisation aims to become a global brand in the next decade
KAMPALA, November 21, 2024 – The cooperative movement in Uganda is emerging from dormancy to reclaim its rightful place in the country’s socio-economic development. Among the key stakeholders driving the strengthening of…
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MPs question excess budget releases for districts
KAMPALA, October 24, 2024 — Parliament’s Committee on Public Accounts [Local Government ] has questioned the motive behind excess release of budgets to districts saying that this has contributed to low absorption…
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Delayed release of funds affecting road works, says Kasaija
KAMPALA, October 16, 2024 – The Minister for Finance, Planning and Economic Development, Matia Kasaija has revealed that construction works on the Mityana – Mubende Road stalled due to delayed release of…
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Construction of Shs 3.3bln seed school stalls in Masindi district
MASINDI, October 7, 2024 — Residents of Kijunjubwa Town Council in Masindi district are frustrated after CMD Investments Limited, the contractor hired to build Kijunjubwa Seed School, failed to deliver the project…
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Kabarole PDM SACCO members protest delayed release of funds
KABAROLE, October 3, 2024 – Members of the Nyantaboma Parish Development Model Savings and Credit Cooperative [Nyantaboma PDM SACCO] in Harugongo Subcounty, Kabarole District, have staged a protest over the delayed release…
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House urges gov’t to provide more money for disasters
KAMPALA, September 26, 2024 – The Members of Parliament have called upon government to allocate more funds to help in the management of disasters in the country. The debate was triggered by…
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Economic activity in Uganda increases as BTI, PMI show positive outlooks
KAMPALA, September 24, 2024 – Economic Activity Economic activity in Uganda continued to increase following a pick-up in consumer demand, which further boosted confidence in business conditions as indicated by the Purchasing…
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Interest rates stable as Uganda’s exports surge to US$ 7.5bln
KAMPALA, September 12, 2024 – Commercial bank lending rates for shilling-denominated credit in Uganda averaged 17.89 percent for the year ending June 2024, a decrease from the 18.56 percent average recorded in…
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URA-MTN tax row just one of several others
KAMPALA, September 4, 2024 — The national tax collector, the Uganda Revenue Authority [URA], and the local telecom giant MTN Uganda are embroiled in a quiet tax dispute worth billions of shillings.…
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Make Domestic Resource Mobilisation Work for Africa’s Structural Transformation
By Adamon Mukasa and Anthony Simpasa KAMPALA, August 31, 2024 — The implementation of the United Nations’ Agenda 2030 for sustainable development and the African Union’s Agenda 2063 hinges on Africa’s ability…
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