#Henry Musasizi

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 challenged the National Social Security Fund (NSSF) to deploy its growing financial resources to fund Uganda’s Tenfold Growth Strategy. While Board Chair Dr. David Ogong and MD Patrick Ayota revealed that NSSF assets have grown to Shs 32.8 trillion, they urged the government to establish a pipeline of secure, bankable projects to safeguard workers' savings.

Uganda has secured Shs 481 billion (€110.5 million) from Standard Chartered Bank to construct the 115.8-kilometer Kitgum-Kidepo Road. Signed by Finance Minister Henry Musasizi, the major infrastructure project aims to unlock Northern Uganda's economic potential by connecting markets to the USD 300 million Yaobai Cement factory and the upcoming Kidepo International Airport.

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.

President Museveni has used the reading of the Shs84.4 trillion FY 2026/27 budget to warn NRM and opposition politicians to aggressively monitor public funds or face prosecution. Read by Finance Minister Henry Musasizi, the budget prioritizes a 10.2% growth target, fueled by the Parish Development Model and upcoming commercial oil revenues.

Finance Minister Henry Musasizi has allocated Shs 2.07 trillion to the energy sector for FY 2026/27. The budget funds the groundbreaking of the 380MW Kiba hydro plant, Buyende nuclear preparations, and a 20.15% equity stake purchase in the Kenya Pipeline Company to insulate Uganda from global fuel supply shocks.

Finance Minister Henry Musasizi has allocated Shs 10.21 trillion to the security and governance sectors in the FY 2026/27 budget. Read at Kololo, the budget speech outlines major funding boosts for UPDF modernization, border security, cybersecurity infrastructure, and ongoing cattle restocking in northern and eastern Uganda.

The Ministry of Finance has presented the Mortgage Refinance Institutions Bill, 2025 to Parliament, proposing a legal framework to regulate the establishment...

The Minister of State for General Duties, Henry Musasizi, has called for stronger digital innovation in financial services to accelerate regional trade and...

Uganda has assumed a leadership role in the global climate finance arena, taking over as co-chair of the Coalition of Finance Ministers for Climate Action at...

A report from the Committee on Finance, Planning and Economic Development reveals that the Ugandan government will need 12 years to clear domestic arrears...

The government has proposed an increase in excise duty on beer manufactured from local raw materials, raising the rate from UGX 650 to UGX 900 per unit. The...

The government has proposed a Shs40.7 trillion budget for the 2025/26 financial year, prioritizing security, infrastructure, energy, health, and education to...

The government has reduced the buyout amount for electricity distributor UMEME from $190 million to $118 million following a special audit report by the...

The Government of Uganda has signed an agreement with Dubai-based Rowad Capital Commercial (RCC) to revitalize Uganda Telecommunications Corporation Limited...

The Minister of State for Finance (General Duties), Henry Musasizi, disagreed with prayers in a petition by the National Youth Council (NYC) challenging the...

Government does not intend to introduce new taxes in the next Financial Year 2022/2023, the Minister of state for Finance (General Duties) Henry Musasizi has...

MPs on the Committee on Budget are scrutinising a Shs3.8 trillion supplementary budget with Shs1.3 trillion already spent as being within the limit allowed by...

By Kampala Post Reporter All foreign contractors awarded procurement deals shall be required to partner with Ugandan subcontractors. The proposal is contained...