Govt plans to cut next budget by Shs14 trillion
Government has put the 2025/26 budget projections at Shs57.4 trillion, which is Shs14.7 trillion lower than the current budget. In May, government revised the Shs58 trill...
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Foreign reserves fall to all time low
High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In detail...
At 62: Singapore innovates, Uganda struggles with waste
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to pro...
50% of agribusiness loan requests rejected - BoU
Close to half of agricultural loan applications are rejected, data in the Bank of Uganda 2024 Annual Report shows. The report, which reviews different funds managed by th...
Our returns are in their own orbit, says NSS boss
As I get my 20 minutes in, the door swings open, and in walks Patrick Ayota with a fascinating blend of fluster and composure, wrapped in a chic black suit that somehow m...
IGG recovers Shs2.3b in confiscated assets of thieving public officials
The Inspectorate of Government was able to recover Shs2.3b in confiscated assets of thieving public officials in the first half of the year, compared to the Shs15.7b mark...
High staff exits undermining banking sector stability, says BoU
Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are c...
BREAKING NEWS: MTN Writes to Kalemera over Shs 260bn Tax Dispute; Accuses URA of Coercion, Corruption
MTN Uganda has accused Uganda Revenue Authority (URA) of deploying ‘coercive tactics’ to extract Shs 260bn from the telecom in an ‘unfounded’ tax assessment.MTN...
Does Kiira Motors need two years to turnaround?
Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporat...
Who holds the largest share of govt's domestic debt
Commercial banks hold the largest share of government’s domestic debt, according to the Debt Statistical Bulletin and Public Debt Portfolio Analysis by the Ministry of...