Finance
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Gov’t unveils budget framework paper for FY 2025/26
Government has unveiled a bold budget plan for the 2025/26 financial year, centered on fully monetizing the economy through initiatives…
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BOU denies involvement in UGX 60 Billion fraud, says payment directives came from external sources
The Bank of Uganda (BoU) has distanced itself from the UGX 60 billion fraud scandal, clarifying that it acted on…
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How Uganda’s retirement benefits sector hit UGX 25.4 trillion, boosting GDP to 12.2%
Uganda’s retirement benefits sector has achieved remarkable growth, with its total value rising to UGX 25.40 trillion in 2024 an…
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Businessman’s loan saga exposes Uganda’s credit challenges
A Ugandan businessman’s struggle to secure a fair loan valuation has shed light on the barriers to accessing affordable credit…
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Museveni orders probe into UGX60 billion bank of Uganda heist
President Yoweri Museveni has directed an investigation into the theft of UGX 60 billion (about $16 million) from the Bank…
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What the new interest rate cap means for Ugandans
The government’s decision to cap annual interest rates at 33.6% for money lenders and Tier 4 microfinance institutions is set…
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No tax on employee food allowances, URA clarifies
The Uganda Revenue Authority (URA) has dismissed rumors that it’s planning to slap a tax on employee food allowances, calling…
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Why Ugandans still struggle to access loans despite central bank rate cut
The Bank of Uganda’s recent move to cut its central bank rate to 9.75% was meant to signal a lifeline…
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MPs question Finance Ministry over excess budget releases to districts
The Public Accounts Committee (Local Government) has raised concerns about the Ministry of Finance’s release of excess funds to districts,…
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Time’s up for mobile money loan defaulters, telecoms tighten the noose
The world of digital lending is about to get tougher for loan defaulters in Uganda, as telecom companies prepare to…
