Finance
-
News
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.…
Read More » -
News
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…
Read More » -
News
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…
Read More » -
News
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…
Read More » -
News
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…
Read More » -
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,…
Read More » -
News
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…
Read More » -
News
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…
Read More » -
News
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…
Read More » -
News
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…
Read More »