Bank of Uganda data shows the local currency briefly strengthened further to about Shs3,646 per dollar earlier this week before surrendering some gains as demand for foreign currency resurfaced.KAMPALA: Uganda’s shilling has staged
public speeches, President Museveni likes using statistics to persuade and sway even sceptics about the economic dividends of accelerated investments in infrastructure. Whether it is railways, roads or hydro-dams, Mr Museveni specifies an expected drop in haulage costs, the internal rate of retu
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
Kampala, Uganda | URN | The government reduced its net borrowing or fiscal deficit in the month of April, amidst the global supply disruptions and lower revenue collections.According to the Ministry of Finance, net borrowing (the extra money the government had to borrow after accounting fo
The law requires the Finance minister to publish a post-election economic and fiscal update within four months after polling day for a general election.Uganda’s economy remained stable during the general election period and in the months that followed, according to the government’s pos
Gen Muhoozi Kainerugaba has cautioned BoU Governor Atingi-Ego over criticism of the sovereignty bill, as concerns grow about its economic impact.Gen Muhoozi Kainerugaba warns BoU Governor Atingi-Ego over his public comments.Atingi-Ego cautions that the sovereignty law could cause an
At a press conference, former cabinet minister Miria Matembe condemned the speed at which the controversial legislation is being pushed forward.“I have never seen such a controversial, widely controversial, rejected bill being rushed to be debated within two days… And you bring a bill
President Museveni is weighing between creating a full-fledged Ministry for Diaspora affairs or elevate the current Diaspora desk within the Ministry for Foreign Affairs to a Presidential Diaspora Commission.This news site understands that, the President is being requested to either create
A Shs97 billion adjustment has reshaped Uganda’s FY 2026/27 budget, exposing planning errors and sparking sharp criticism from lawmakers over timing and transparency.The National Budget for the 2026/27 financial year has been revised to Shs84.39 trillion following a last-minute adjustmen
Uganda’s banking industry has mounted a formal and detailed opposition to the proposed Protection of Sovereignty Bill, 2026, warning that its provisions could disrupt financial intermediation, deter foreign investment, and undermine the country’s broader economic growth strategy.In a l
