Appearing before Public Accounts Committee of Parliament, Ramathan Ggoobi, Permanent Secretary, Ministry of Finance, and Secretary to the Treasury.Parliament has been told that at the current rate of funding allocated to settle government domestic arrears, it could take more than four deca
Kampala, Uganda — A former parliamentary aspirant for Nansana Municipality, Engineer Stephen Kaweesa, has publicly accused Robert Kyagulanyi, the leader of the National Unity Platform (NUP), of taking Shs600 million from him in exchange for the party’s parliamentary nomination ahead of the 20
President Museveni accompanied by VP Alupo, Ministers Katumba Oboth and Byabakama walk through a demonstration after laying the foundation for the construction of Malaba Kampala SGR line by Yapi MerkeziKAMPALA, Uganda — The Ugandan government is moving to secure €405 million through an
Kampala, Uganda: Civil society organisations have raised alarm over Uganda’s growing public debt and widening gaps in health sector funding, warning that the latest Auditor General’s report exposes serious weaknesses in the management of public resources.The report examined 182 ministr
In the latest episode of the very popular Bad Natives Podcast, comprising of Andrew Mwenda, Robert Kabushenga and Onyango-Obbo, the Independent Magazine CEO asserted that it was too early for anyone to write off DP President Norbert Mao in the Speakership race.He went as far as claiming th
Eleven years at the helm. Billions borrowed. Mega dams commissioned with pomp and glory. Yet today, hard questions are exploding over the management of Uganda Electricity Generation Company Limited as the December 2025 Auditor General’s report exposes troubling cracks in Uganda’s power genera
KAMPALA — Spiro, an electric mobility company with operations in Uganda, has secured $50 million in debt funding to expand its battery-swapping infrastructure and electric vehicle fleet across Africa.The funding round, announced Tuesday, included participation from Afreximbank and two ne
South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up
If we become permanent members of BRICS, the most obvious benefit shall be economic. Our economy relies heavily on agriculture, raw materials, and a growing services sector. We need big markets like those of China and India for our agricultural produce.Uganda has a young population, with a
The appeal comes after Kenya Commercial Bank (KCB) Uganda threatened to sell the prime condominium unit at Plot 1, Fumu Lane unless $182,709 (about Shs 655 million) is cleared within 21 days. Friends of the late former PLU Vice President Cedric Ndilima Babu are considering launching a camp
