Finance
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Borrowing becomes routine in Uganda
In Uganda, borrowing has increasingly become a routine financial practice for individuals, businesses, and the government alike. This trend reflects…
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URA seeks extra UGX 169billion for staff salaries
Uganda Revenue Authority (URA) has requested Parliament for extra UGX 169 billion to cater for the payment of wages of…
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Govt tables Shs58 trillion budget for 2024/2025
Government has presented a Shs58.34 national budget for the 2024/2025 financial year, intended to focus on ‘full monetisation of the…
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UNBS sent away after failing to defend budget
The Uganda National Bureau of Standards (UNBS) has failed to defend their budget item of Shs3.363 billion allocated for the…
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Microfinance body protests gov’t’s plan to move it into the Finance Ministry
The Uganda Microfinance Regulatory Authority (UMRA), has protested the move by government to move it into the Ministry of Finance…
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What it means for Uganda to be removed from the financial Grey List
The Financial Action Task Force (FATF), a global body mandated to lead action to counter threats of abuse of the…
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Junior officers are the biggest beneficiaries of the Exodus SACCO, says police
Last week, a report to the Committee on Defence and Internal Affairs of Parliament indicated that junior police officers accused their high-ranking counterparts of benefiting from…
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URA collects Shs6.8 billion within one week from enforcements
Uganda Revenue Authority (URA) has collected Shs6.8 billion shillings within one week of enforcing compliance with the Digital Tracking System…
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Parliamentary committee on National Economy directed to assess Uganda’s public debt
Concerns on the increasing public debt burden continue to dominate debate and this time, Deputy Speaker, Thomas Tayebwa has directed…
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Gov’t projects to fund 2024/2025 budget
Government projects to fund the Shs52.7 trillion budget of the 2024/2025 financial year largely through domestic revenue, totaling Shs28.9 trillion.…
