Ramadan Ggoobi speaking to reporters in Kampala on Friday.The Ministry of Finance has released Shs 16.537 trillion for expenditure in the third quarter of the 2025/26 financial year, with debt repayment and treasury operations taking the largest share.Out of the total release, Shs 7
EC guidelines further require the voters’ register to be displayed at polling stations for a prescribed period to allow corrections and objections. Muntu also criticised the current regime led by President Yoweri Kaguta Museveni for failing to address corruption, which he described as the bigge
Elevated government spending coupled with widespread voter bribery and campaign expenditure has resulted in inflation spikes in recent elections, such as the 2011 elections which sparked the famous “walk to work” protests.The Permanent Secretary and Secretary to the Treasury (PSST), Dr
2025 has been of both challenges and opportunities. We’ve continued to deepen access to our services and extend financial inclusion to the underserved. By the end of this year, we’re looking at over 14.5 million individual users, which is a significant jump from 13.8 million in 2024. Our targ
A customer receives a step-by-step guide on using the Wendi mobile wallet, empowering them to seamlessly send and receive international money transfersKAMPALA, Uganda — Commercial banks and financial institutions in Uganda approved 1.93 trillion shillings in new credit during October, wi
A Taxpayer Identification Number (TIN) is a unique identifier issued to individuals and businesses for tax purposes. It is a cornerstone of effective tax administration, enabling the Uganda Revenue Authority (URA) to monitor taxpayers and enforce compliance.However, the misuse of TINs by s
When Gen. Caleb Akandwanaho (Rtd) Salim Saleh presented his long, detailed analysis of Uganda’s economy and structured recommendations for improvement in the form of the Third National Development Plan (NDPIII) to President Museveni, he laid out the kinds of problems that many Ugandans feel eve
Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s
In a Tuesday session that has sparked outrage among fiscal watchdogs, a mere fraction of the 11th Parliament authorized the government to proceed with massive loan requests totalling nearly Shs9 trillion.By suspending key safeguards, the House bypassed the standard oversight procedures des
Uganda projects 10.4% economic growth in FY2026/27independent.co.ug44minKAMPALA, UGANDA | Xinhua | Uganda’s economy is forecast to expand by 10.4 percent by the end of the 2026/2027 financial year, up from an estimated 6.6 percent at the end of the 2025/2026 financial year.
