The Parliamentary Committee on National Economy will scrutinise government proposals to borrow funds to upgrade roads and finance the Climate Smart Agricultural Transformation Project. The requests were tabled before Parliament …
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Once again, there is an angry public uproar over a swindle, this time involving nearly UGX2 billion. The people behind Capital Chicken, promised armchair investors, interested in the potentially lucrative …
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The audit support missions conducted by ATAF from January to August 2023 resulted in impressive additional tax assessments. A total of USD 39.2 million was assessed, reflecting the effectiveness of …
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FinanceLatest NewsOpinions
Finance Ministry Focusing on Strengthening Collaboration with Its Key Stakeholders
By Apollo Munghinda The overall mandate of the Ministry of Finance, Planning and Economic Development is to formulate sound economic policies that enhance economic stability and development, mobilise financial resources, …
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Section 90(1) Tier 4 of Microfinance Institutions and Money Lenders Act, 2016 stipulates that the Minister of Finance may, in consultation with the Authority, by notice in the Gazette, prescribe …
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Banking & SavingsLatest NewsNews
How NSSF Revenue Increased by 15% to 2.2Trillion as it Eyes 50Trillion Asset Capital
Despite recent allegations of mismanagement, abuse of office and corruption at the East Africa’s biggest pension Fund, the National Social Security Fund (NSSF) that resulted into the Inspectorate of Government …
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Finance Minister, Matia Kasaija, has declared a 10% interest rate for the National Social Security Fund (NSSF) savers for the Financial year 2022/2023. The NSSF savers’ interest rate for the …
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Two private businesses, Biyinzika Enterprises and Dei Group of Companies, have recently had their assets advertised in the newspapers destined for public auctions. This happens when borrowers have defaulted on …
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The Uganda National Roads Authority (UNRA) is operating with a debt of 629.1 billion shillings as a result of an unreleased portion of funds for the 2021/22 and 2022/23 financial …
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On Friday 08th September 2023 the Bank of Uganda issued the first-ever Islamic Banking License to Salaam Bank Limited. This follows President Yoweri Museveni’s signing of the Financial Institutions (Amendment) …