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Govt turns to domestic financiers to close gaps created by reduced external borrowing

Govt turns to domestic financiers to close gaps created by reduced external borrowing

The annual debt statistical bulletin and public debt portfolio analysis by the Ministry of Finance indicates that the stock of domestic debt rose from Shs34.5 trillion in June 2023 to Shs40.6 trillion in June 2024, representing a growth of 5 percent. The increase represents a rise of dom

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Concerns mount over Senegal fiscal shortfalls ahead of election

Concerns mount over Senegal fiscal shortfalls ahead of election

Senegal's slower economic growth, its widening fiscal deficit and a potential delay in International Monetary Fund financing could cloud the outlook ahead of November 17 parliamentary elections, analysts say. President Bassirou Diomaye Faye, just five months into the job, set the stage

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Election observers ask govt to expedite law against commercialisation of politics

Election observers ask govt to expedite law against commercialisation of politics

A section of election observers in Uganda has asked the government to speed up the process of coming up with a law regulating the commercialization of politics as the 2025/ 2026 general elections draw closer. The executive director of Alliance for Finance Monitoring (ACFIM), Mr Henry Mug

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Inside Uganda’s murky carbon offset markets

Inside Uganda’s murky carbon offset markets

According to the National Emergency Coordination and Operations Centre (NECOC), a loose outfit for disaster risk monitoring and profiling, in the Office of Prime Minister (OPM), large swathes of the Mt Elgon ranges are uninhabitable owing to susceptibility to a

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John Mutebe: Need to Empower Women WASH Entrepreneurship in Uganda

John Mutebe: Need to Empower Women WASH Entrepreneurship in Uganda

The duty to provide water and sanitation services in a home, has traditionally been a preserve for the woman in a family. Daily chores include water collection, sanitation management and hygiene maintenance and education of the children. This prevails in modern

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External Budget financing on the decline, says Kasaija

External Budget financing on the decline, says Kasaija

The Ministry of Finance, Planning, and Economic Development has said external financing for the National Budget is constantly on the decline.According to the ministry, this requires the government to strengthen do

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Uganda has navigated post-Covid-19 recovery well, says IMF

Uganda has navigated post-Covid-19 recovery well, says IMF

The International Monetary Fund has said Uganda has navigated post-Covid-19 recovery well due to sound macroeconomic policies.The country’s economic recovery, the IMF noted in a statement is strengthening, chara

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China’s influence on our economy

China’s influence on our economy

China’s approach to African countries, and Uganda in particular, has been heavily influenced by a shared sense of historical and contemporary struggles against neo-imperialism. This belief has shaped C

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How Ndere fell deep into Shs10bn debt

How Ndere fell deep into Shs10bn debt

A few days ago, Quickway Auctioneers and Court Bailiffs listed for public auction, three properties including Ndere Cultural Centre, a well-known institution for cultural preservation and education, due to an unpaid loan.The public notice indicated that Ndere Cultural Centre, sp

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Japan pledges support to Phase Two of Kampala Fly Over Project, Karuma Bridge construction

Japan pledges support to Phase Two of Kampala Fly Over Project, Karuma Bridge construction

The Japanese government through its Ambassador to Uganda Sasayama Takuya has committed to fund both the second phase of the Kampala Fly Over project and the construction of a new state-of-the-art bridge at Karuma Waterfalls.Sasayama made these remarks dur

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