The joint multi-agency probe into grand corruption has widened to cover several government offices over alleged misconduct, including at the Electoral Commission and the Judiciary.A probe reportedly sanctioned by President Museveni into alleged corruption, money laundering, and illicit enr
The Bank of Uganda will hold a public townhall meeting in Kabale Municipality aimed at increasing awareness about the economy, financial services and opportunities for business and agricultural financing in the Kigezi sub-region.Bank of Uganda is set to meet residents and stakeholders in K
Uganda is preparing to issue its first sovereign sukuk as part of efforts to finance the construction of a standard gauge railway (SGR) linking Kampala to the Kenyan border town of Malaba, marking the country’s entry into Islamic capital markets, Ecofin Agency reports.The Ministry of Fin
total of 737 traders affected by floods in Kampala last November have been cleared to receive compassionate support from President Yoweri Museveni, Prime Minister Robinah Nabbanja has announced.Government earmarked Shs20 billion to compensate traders whose businesses were damaged by the No
Kiira Motors Corporation, Uganda’s flagship automotive manufacturer, has grown from a modest student innovation project at Makerere University into a key pillar of the country’s industrialisation agenda. The project dates back to 2007, when Ugandan engineering students participated in a globa
Parliament yesterday passed a supplementary budget of Shs1.1 trillion under supplementary schedule five, giving more money to the government to implement its activities. Of the total amount, the supplementary request that does not require prior approval from Parliament amounts to Shs586.2b. This
Masaka City — National Resistance Movement (NRM) party cadres across Uganda have applauded the Party National Treasurer, Hon. Barbara Nekesa Oundo, for what they describe as a decisive improvement in the management of the National Treasury, which has strengthened mobilisation structures, improv
Iran released a statement on Saturday, saying it will enforce “new rules” over waters along its coastline in the Arabian Sea and the Strait of Hormuz, making the waters “a source of security and prosperity for the region”.The announcement came as US Treasury Secretary Scott Bessant
President Museveni on Friday criticised the investment strategy of the National Social Security Fund (NSSF), urging it to channel savings into infrastructure projects, as he set out key economic priorities for his new term.Speaking at Labour Day celebrations in Buikwe District, Museveni sa
A new Treasury directive limits cost variations on public projects to 15 percent from feasibility to procurement stage, tightening controls on design changes and placing personal accountability on Accounting Officers for breaches.The Government of Uganda has issued a directive aimed at cur
