A businessman, Moses Asasira, the Projects Coordinator/ Director of Adroit Consult International has appealed to Mr Ramathan Ggoobi, the Finance Ministry Permanent Secretary and Secretary to the Treasury (PS/ST), to…
On a country specific level, the United Arab Emirates remained Uganda’s largest destination of exports during the month accounting for 21.9% of the total value of merchandise exported.
The government of Uganda in Q4 of FY2022/23 borrowed €500 million (UGX2 trillion) from Stanbic Bank Uganda and its parent, Standard Bank South Africa, to plug holes in its budget,…
Government will in the Financial Year 2023/24 redirect resources towards wealth creation by facilitating more Ugandans to join the money economy and accelerate the economy’s rapid expansion, the Finance Ministry…
Members of the Civil Society Budget Advocacy Group (CSBAG) have urged the government to address domestic arrears in the 2023/2024 financial year. The civil society group led by their economist,…
Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, on 16th November 2022 signed a ministerial instrument, increasing the minimum capital requirements for banks by 6 times or…
Members of Parliament have approved a request by the government to borrow $464 million (about UGX1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the…
The Finance State Minister, Hon. Henry Musasizi on 1st November 2022 asked Members of Parliament to approve up to UGX3.5 trillion in new borrowing to finance Uganda’s 2022/23 UGX48.1 trillion…
Members of the National Social Security Fund (NSSF) will earn an interest of 9.65% on their savings for the financial year 2021/22 translating into UGX 1.38 trillion that will be…
Government has resolved to increase PostBank’s authorised share capital by 400% from UGX100 Billion to UGX500 Billion. For customers, this means that access to low-priced financing would further be enabled…
