Finance
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News
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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Gov’t asked to deal with illegal online money lenders
KAMPALA, December 21, 2024 – The Ministry of Finance, Planning and Economic Development has been given to respond to the claims that local online money lenders are harassing Ugandans including top government…
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Ugandans urged to embrace income-generating projects
KAMPALA, December 14, 2024 — Ramathan Ggoobi, the Permanent Secretary in the Ministry of Finance, Planning and Economic Development and Secretary to the Treasury, has urged Ugandans to focus on government initiatives…
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Minister Kasaija tips traders on gov’t low-interest loans at URA tax awards
KAMPALA, December 13, 2024: The Minister for Finance Planning and Economic Development, Matia Kasaija has asked Ugandan traders to approach the government for low-interest loans to boost their struggling businesses. Speaking at…
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Banks sign partnership agreement to strengthen trade finance in Africa
RABAT, December 7, 2024 — The African Development Bank [AfDB], and the Eastern and Southern African Trade and Development Bank [TDB] have signed an agreement for a US$ 150 million Trade Finance…
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Standard Chartered explores sale of retail banking businesses in Uganda, others
KAMPALA, November 28, 2024 – Standard Chartered PLC is exploring the potential sale of its Wealth & Retail Banking [WRB] operations in Uganda, Botswana, and Zambia. The bank plans to refocus its…
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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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