President Yoweri Museveni has said he will personally authorise all loans to be borrowed by the government. His decision comes as a result of the country’s escalating debt, which has …
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As government grapples with how to raise more revenue to run its business, reduce donor dependence and invest in the public services that allow society and the economy to thrive, …
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The Government of Uganda has released the financial year 2023/24 budget of Shs 52.7 trillion that entails government revenue mobilisation and spending plans for the next 12 months. The Minister of …
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The Bank of Uganda (BOU) has maintained the Central Bank Rate (CBR) at 10 percent in June 2023. The CBR’s operational bands will remain at +/-2 percentage points, while the …
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EconomicsLatest NewsNews
Why President Museveni disagrees with finance ministry on Uganda’s economic growth
President Yoweri Museveni has publicly contradicted his economic experts and advisers in the Ministry of Finance, Planning and Economic Development over the growth of Uganda’s economy. President Museveni, who on …
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The National Social Security Fund (NSSF) has earned a total of Ushs 31.5 billion as dividends for the year ended December 31, 2022, from its investment in MTN Uganda. NSSF …
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Government has said it expects Uganda’s Gross Domestic Product (GDP) to expand up to Shs 206.54 trillion by the end of financial year 2023/24. This in turn is projected to …
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The state of Uganda’s debt to GDP ratio is worsening due to over borrowing. The debt to GDP ratio is a measure that compares a country’s total debt to its …
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Bank of Uganda has confirmed that the provisional total public debt stock at nominal value as at end March 2023 stood at Shs 86,352.6 billion which is approximately 47.7 percent …
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A recent report by the Uganda Bankers’ Association (UBA) sheds light on the gender distribution within the banking sector. The findings reveal that women constitute the majority of employees, indicating …