Uganda continued to offer the highest 91-day Treasury Bill rate among major East African Community economies during the first quarter of 2026, according to the latest EAC monetary statistics.The data indicates Uganda's position at the top of the regional interest rate rankings
Uganda hits a major milestone toward first oil, drilling 199 wells to surpass the government threshold required for commercial production.KAMPALA, Uganda — Uganda has drilled 199 oil wells, surpassing the threshold required to begin commercial production later this year, according to the
The government has earmarked Shs2.26 trillion for agro-industrialisation in the 2026/27 financial year, targeting irrigation, value addition, agro-processing and agricultural research as part of efforts to transform Uganda’s agriculture sector into a more commercial and export-driven engine of
Uganda’s income per person is projected to rise to USD 1,420 (about Shs5.1 million) in the current financial year, Finance Minister Henry Musasizi announced Thursday, a milestone that underscores the country’s steady economic expansion ahead of the anticipated oil era.Presenting the 20
Presenting the national budget before Parliament on June 11, 2026, Finance Minister Henry Musasizi said the country's economic outlook remains strong, supported by low inflation, rising exports, growing investment and increasing business confidence.Musasizi projects Uganda's economy will g
When the Minister of Finance, Henry Musasizi, presents the 84.3 trillion shillings budget for the 2026/27 financial year on Thursday, one figure will stand out among the revenue projections. The budget comes at a time when policymakers are positioning mineral resources, especially oil and gas, as
President MuseveniPresident Museveni ordered a comprehensive investigation into the management and distribution of Shs231 billion earmarked as Akasiimo (ex-gratia gratuity) for military veterans.Speaking from State Lodge Nakasero during the Heroes’ Day celebrations, Mr Museveni sa
Former Minister Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda. Former Energy Minister, Irene Muloni (C) flanked by Ernest Rubondo (L), the head of Petroleum Authority of Uganda.Uganda’s oil journey has been defined less by extraction than by
KAMPALA, Uganda – June 8, 2026: Uganda has marked a significant moment in its political history with the swearing-in of Hon. Sanjay Tanna as Minister of Trade, Industry and Cooperatives, making him the first Ugandan of Asian origin to serve as a substantive Cabinet minister since Shafic Arain h
KAMPALA, UGANDA — Corruption remains one of the most persistent threats to effective governance, service delivery, and national development in Uganda. It undermines public trust, drains government resources, and compromises projects intended to improve citizens’ welfare. Over the past 26 year
