Government invests UGX1 trillion to expand loan capacity at UDB
KYANKWANZI, Uganda — The government has allocated an additional 1 trillion shillings to the Uganda Development Bank this financial year, a move intended to lower the co...
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Government earmarks UGX 2.2 trillion for five-year local government plan
KAMPALA, Uganda — The government has unveiled an ambitious five-year strategic plan for the Ministry of Local Government, earmarking 2.2 trillion shillings to bolster d...
New Audit Report: Money collected at Uganda Airlines’ Juba office was Never banked
Sacked CEO Uganda Airlines, Jenifer BamuturakiThe Auditor General has raised fresh concerns over cash management at Uganda Airlines after revealing that hundreds of milli...
Museveni halts Central Bank directive on Sacco licensing
President Yoweri Museveni has directed the Bank of Uganda (BoU) to halt threats and directives aimed at forcing Savings and Credit Cooperative Organisations (Saccos) to a...
Umeme Issues Profit Warning, Cites Losses from Concession Exit
KAMPALA | Umeme Limited has warned shareholders and investors to expect another year of financial losses, marking the second consecutive year the company will close its b...
Shs 5.3tn Karuma Dam Delivers Only 30% of Installed Power Capacity, Threatens Loan Repayments
Kampala — Uganda’s flagship hydropower projects are operating far below their available generation capacity, raising concerns over revenue shortfalls and the country�...
Finance Secures UGX 2.75 Trillion Financing Deals for Power, Water, and Roads
The Government of Uganda has signed financing agreements worth UGX 2.747 trillion to fund three major infrastructure projects aimed at strengthening power transmission, e...
Gov’t to spend less in 2026/27 financial year– Finance Ministry
The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69...
Gov’t to spend less in 2026/27 financial year– Finance Ministry
The government, through the Ministry of Finance, Planning and Economic Development, has reduced the preliminary resource envelope for the 2026/27 financial year to Shs69...
Parliament Approves Budget Framework Paper as MPs Return to Complete Appropriation
Parliament Approves Budget Framework Paper as MPs Return to Complete AppropriationParliament on Thursday approved the National Budget Framework Paper (NBFP) for FY 2026/2...