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Budget Speech: Uganda's economy set for fastest growth in 30 years as oil production starts

Budget Speech: Uganda's economy set for fastest growth in 30 years as oil production starts

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

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First Oil Revenue Set to Enter 2026/2027 Budget as Sector Begins Paying Its Way

First Oil Revenue Set to Enter 2026/2027 Budget as Sector Begins Paying Its Way

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

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How Uganda’s First Oil Dream Evaded 5 Energy, 4 Finance Ministers

How Uganda’s First Oil Dream Evaded 5 Energy, 4 Finance Ministers

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

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Ssemujju Nganda Declares Aceng Gen M7’s Most Admirable Minister

Ssemujju Nganda Declares Aceng Gen M7’s Most Admirable Minister

During a BBS TV interview, Ssemujju Nganda elaborated why Ugandans shouldn’t expect much good from President YK Museveni’s ‘new cabinet.’The PFF Secretary General asserted that Gen Museveni’s determination to be inclusive of women and having them empowered via cabinet level posit

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How new taxes will hit you

How new taxes will hit you

Kakira Sugar and other factories petitioned the High courtFor many Ugandans, taxes rarely feel real when they are first announced in Parliament.They feel distant then. Technical. Wrapped in legal amendments and budget speeches. The impact usually becomes clearer later, at the fuel s

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Ssemujji backs Musasizi for Finance top office-Lukia Nantaba

Ssemujji backs Musasizi for Finance top office-Lukia Nantaba

Former Kira Municipality MP Ibrahim Ssemujju Nganda backs former State Minister for Finance Henry Musasizi for being promoted to the top job.While speakibg on NBS Television's prime political talk-show, Frontline, on Thursday, Ssemujju argued that former Finance Minister Matia Kasaija had

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‎Minister Musasizi warns against sabotaging iron ore plant in Rubanda

‎Minister Musasizi warns against sabotaging iron ore plant in Rubanda

State Minister of Finance Henry Musasizi has issued a stern warning against any acts of sabotage targeting the anticipated iron ore factory in Rubanda District.‎‎Musasizi, who also serves as the Member of Parliament for Rubanda East, made the statements following reports of a fierce d

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Musasizi Raises Alarm Over Corruption in District Service Commissions

Musasizi Raises Alarm Over Corruption in District Service Commissions

Outgoing Minister of Finance for General Duties Henry Musasizi has warned against corruption in local government institutions, citing alleged bribery in district service commissions and irregularities in procurement processes.Musasizi made the remarks on Friday while addressing councillors

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Kampala flooded with security and yellow as Museveni begins another term

Kampala flooded with security and yellow as Museveni begins another term

Kampala, Uganda | URN | Kampala woke under watch, with guns in nearly every direction. Armed soldiers and police officers lined major roads and streets before sunrise.Along the Northern Bypass, each roundabout held clusters of security personnel. Tents stood beside armoured vehicles, while

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LIST: Salaries of Top Kiira Motors Bosses Earning Between Shs20m and Shs45m Every Month

LIST: Salaries of Top Kiira Motors Bosses Earning Between Shs20m and Shs45m Every Month

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

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