Finance

Bank of Uganda Governor Michael Atingi-Ego has urged judicial leaders to uphold strong legal frameworks and contractual certainty as the nation prepares to enter commercial petroleum production.

Finance Minister Hon. Henry Musasizi met with a Huawei delegation to discuss strategies for lowering digital service costs across Uganda. The government is partnering with the tech giant to expand affordable smartphone access, introduce tax incentives, and promote domestic assembly of ICT hardware.

The Ministry of Finance has launched the second phase of the enhanced e-Government Procurement (e-GP 2.0) system across 100 public entities, with Acting Accountant General Godfrey Ssemugooma calling on Accounting Officers to lead the digital transformation aimed at improving transparency, accountability and value for public money.

The Minister for Finance Hon. Henry Musasizi has defended President Museveni's tax proposals before the Finance Committee, warning that exempting land-based casinos from a 15% withholding tax would leak 65 billion shillings in vital revenue.

Finance Minister Henry Musasizi has launched a 10-year World Bank partnership framework to scale up Uganda's economy to USD 500 billion. The strategy aims to mobilize USD 3.8 billion in private capital for infrastructure and human development, while the World Bank's Public Finance Review cautions Uganda to look beyond oil revenue by strengthening local public institutions.

The Ministry of Finance has opened the FY 2026/27 National Budget Month to enhance public accountability and citizen tracking of government programs. PSST Dr. Ramathan Ggoobi stated that the campaign will focus on implementing the newly approved budget while building on Uganda's improving global transparency scores.

The Black Wall Street Community has officially opened its membership to Africans across the continent and in the diaspora, inviting individuals to participate...

The French Development Agency (AFD) has signed a €40 million (about Shs169 billion) financing agreement with Uganda Development Bank (UDB) to support key...

The Bank of Uganda has cautioned the public against mutilating or defacing Uganda Shilling banknotes and coins, warning that the growing practice of turning...

The government has released UGX 529 billion to capitalise Parish Development Model (PDM) SACCOs for the 2025/26 financial year. This is one of the largest...