Business •
06 May '26
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
Business •
28 Apr '26
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
Business •
28 Apr '26
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
Business •
17 Apr '26
The World Bank has hailed Uganda’s high economic growth rates but noted that this is not corresponding with the improvement in people’s livelihoods.Ndiame Diop, the Bank’s Vice-President for Africa lauded Uganda for the macroeconomic stability but urged the country to transl
Business •
14 Apr '26
Ugandans using mobile money platforms will continue to contend with the 0.5 percent tax to withdraw cash, a tax that has been blamed for the high cost and low uptake of digital money.The Ministry of Finance, Planning and Economic Development, declined to include the proposal of halving the
Business •
10 Apr '26
The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi.The Government has released Shs17.444 trillion for the fourth quarter of the Financial Year 2025/26, bringing the total cumulative release to Shs77.001 trillion, according to the Permanent Secretary and Secretary to the
Business •
07 Apr '26
KAMPALA: Uganda’s finance ministry opposed reinstating suspended Accountant General Semakula Lawrence because the allegations against him relate directly to the government’s financial systems, raising risks to public funds and institutional integrity, court documents show.Semakula is c
Business •
02 Apr '26
Government has dropped its plan to tax all cash withdrawals after strong resistance from stakeholders, highlighting concerns over economic impact, financial inclusion, and policy contradictions. While the proposal is shelved for now, authorities say the broader push toward a cashless economy and
Business •
28 Mar '26
Kampala — Uganda has received a significant boost in its fight against major infectious diseases after the country secured a USD 521 million grant under the Global Fund’s Grant Cycle 8 (GC8) for the 2026–2028 period.The announcement came during a courtesy meeting between the Permanen
Business •
12 Mar '26
Appearing before Public Accounts Committee of Parliament, Ramathan Ggoobi, Permanent Secretary, Ministry of Finance, and Secretary to the Treasury.Parliament has been told that at the current rate of funding allocated to settle government domestic arrears, it could take more than four deca