Busega-Mpigi Expressway projectKampala, Uganda | THE INDEPENDENT | Parliament is concerned about the escalating cost of the Busega–Mpigi Expressway with lawmakers questioning how the project’s contract price doubled from the initial Shs547.5 billion to over Shs1.2 trillion.The C
Government has halted new road construction projects for the 2026/27 financial year and will instead prioritise completing ongoing works and clearing nearly Shs948 billion in outstanding arrears amid severe budget constraints.The government has announced a halt on all new road construction
Economists and tax experts warn that government’s plan to raise Shs4.8 trillion through new taxes, including a fuel levy, could increase inflation, slow construction activity, and undermine economic recovery if the tax base is not widened.A growing chorus of economists and tax experts is
State Minister for Finance in charge of General Duties, Henry Musasizi, during the presentation for the 2026/27 Ministerial Policy Statement before Parliament’s Committee on Finance.Uganda is set to make history in the 2026/27 financial year with expected oil revenues surpassing Shs2.2 t
Rising mobile money transaction and withdrawal charges are increasingly eating into the profits of small businesses in Uganda, with traders and MSMEs warning that the high cost of digital transactions could slow the country’s push toward a digital economy.Mobile money has revolutionized
For years, Uganda’s brightest university students have steered away from education degrees, gravitating instead toward medicine, law, and engineering — courses perceived to offer better financial returns. The government is now moving decisively to change that calculation.In a landmark
The cross-border heist signifies a new frontier in the evolving nature of financial crime, where digital fraud is increasingly sophisticated, fast-moving and now, transnational. The arrests may mark a breakthrough in the Equity Bank Rwanda probe, but they also expose a deeper reality: in a digita
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,
Uganda’s mobile money tax policy is threatening to reverse years of digital financial inclusion by driving low-income users back to cash. With 43 million accounts processing 326.3 trillion shillings annually, experts warn that excise duties on withdrawals and service fees are making digital pay
New EC Secretary KamugishaA shocking audit into the operations of the Electoral Commission has laid bare a catalogue of financial and administrative failures that have thrown the country’s election managers into fresh controversy.The explosive findings from the latest report by th
