Finance
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News
Uganda hosts Annual Climate Finance Conference in Kampala
KAMPALA, April 3, 2025 – Uganda hosted the 2nd Annual Climate Finance Conference to strengthen the fight against climate change and its impacts. The high-profile conference, which took place from April 1-2,…
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Electronic Document and Records Management System launched at Finance Ministry
KAMPALA, March 20, 2025 – The Permanent Secretary and Secretary to the Treasury [PSST], Ramathan Ggoobi has launched the Electronic Document and Records Management System [EDRMS] at the Ministry of Finance, Planning…
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BoU to regulate mortgage financing entities
KAMPALA, March 13, 2025 –– The Bank of Uganda [ BoU ] is set to regulate operations of mortgage refinancing institutions in the country once the Mortgage Refinance Institutions Bill, 2025 is…
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Gov’t begins journey to revamp Kilembe Mines
KAMPALA, March 9, 2025 – Government through the Uganda National Mining Company (UNMC) has officially commenced efforts to fully revive Kilembe Mines, which once produced Uganda’s copper before being closed in 1982.…
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AfDB and Standard Bank unite to support SMMEs and boost trade
JOHANNESBURG, February 26, 2025 — The African Development Bank Group [AfDB] and Standard Bank Group [SBG] on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises…
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House approves Shs 9.5bln in tax waivers for local companies
KAMPALA, February 22, 2025 — Parliament on Thursday approved tax waivers of over Shs 9.5 billion for selected local investors for the running financial year 2024/2025. This followed the adoption of the report…
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MPs cite irregularities in Bujagali Hydropower Project tax waiver
KAMPALA, February 19, 2025 — Members of Parliament [MPs] have raised concerns over the Bujagali Hydropower Project’s tax waiver, exposing alleged financial miscalculations and possible overcharging of Ugandans. The legislators sitting on…
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The Uhuru Institute calls for strong cooperatives in New Year’s message
KAMPALA, January 31, 2025 – The Uhuru Institute for Social Development [TUI] has called on cooperators in Uganda to build robust cooperatives that can effectively carry out their responsibilities while upholding core values…
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Auditor General finds loopholes in PDM implementation
KAMPALA, January 20, 2025 – The Parish Development Model [PDM] has made notable progress in its implementation for the 2023/2024 financial year [FY], though several challenges have emerged, particularly in fund disbursement,…
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Banks issued Shs 1.5trn in loans ahead of festive season
KAMPALA, 4 January 2025 – The Government has reported that commercial banks in Uganda extended loans amounting to at least Shs 1.5 trillion to various clients in the lead-up to the Christmas…
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