The Ministry of Works and Transport has launched a nationwide stakeholder consultation to review penalties under the Express Penalty System (EPS), aiming to enhance fairness, compliance, and road safety under the Intelligent Transport Monitoring System (ITMS). The review follows widespread public
Former Makerere University Vice Chancellor Professor Venancius Baryamureeba has ignited a fiery debate on social media after openly criticizing a bold proposal by his fellow professor Lawrence Muganga to implement a nationwide “One Laptop Per Child” program in Uganda. Baryamureeba who owns Ug
Food vendors operating along Duhaga roundabout market commonly known as Kidomole in Hoima City West Division on Tuesday became hostile as they protested against city authorities’ eviction enforcement.They termed it “forceful and illegal eviction.”Vendors portrayed their hostil
KAMPALA – Uganda’s public debt has surged to a record US$34.86 billion (UGX 130.84 trillion) as of December 2025, piling fresh pressure on the government’s fiscal managers and raising concerns about the long-term burden on citizens and businesses.According to the Ministry of Finance,
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: 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
KAMPALA, Uganda — Uganda is hurtling toward a systemic social and economic crisis as a rapidly aging population outpaces a retirement savings framework that currently excludes 16 million workers.While the national pension sector appears robust on paper—with assets surging 21 percent to
dfcu Bank has opened a new branch in Namanve Industrial Park, positioning itself at the heart of one of Uganda’s fastest-growing manufacturing hubs, as government renewed calls for commercial lenders to cut borrowing costs for industry.Speaking at the launch, David Bahati welcomed the ex
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
President Museveni has signed into law three key pieces of legislation aimed at strengthening regulatory oversight in Uganda's construction, housing finance, and valuation sectors.The reforms are expected to enhance safety standards, expand mortgage financing, and boost investor confidence
