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Julius Businge

How corruption threatens Uganda’s fiscal stability

Stakeholders say corruption exacerbates inequality by depriving the poor of basic public services while entrenching wealth among political elites Kampala, Uganda | JULIUS BUSINGE | Uganda’s deepening corruption and fiscal mismanagement were placed under scrutiny this week at a high-level policy dialogue in Kampala, as public finance experts, lawmakers and civil …

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Target surpassed

URA’s steady hands deliver surplus under Musinguzi Kampala, Uganda | JULIUS BUSINGE | Amid growing government appetite for bigger fiscal outlays, URA was tasked with collecting a net revenue of Shs 31.37 trillion for the 2024/25 financial year. By the close of June, the tax body had collected Shs 31.63 trillion, …

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Agriculture sector budget for 2025/2026

Is this allocation for all Ugandans? Kiryandongo, Uganda | JULIUS BUSINGE | “I’ve heard the government has increased the budget for agriculture again. But how exactly will that help my small onion and maize farm here in Kiryandongo?” wondered a 32-year-old farmer in Mutunda sub-county, reflecting on the newly announced national …

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UDB profit climbs, funding gap persists

As Uganda’s development bank posts strong results, calls grow for sustainable government support to meet rising demand Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank (UDB), the country’s leading state-owned development finance institution, has reported a robust net profit of Shs 57.8 billion ($15.4 million) for the year ending 2024—an …

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Big budget, bigger promises

Uganda’s Shs 72 trillion budget bets on wealth creation and growth in election run-up for next financial year ANALYSIS | JULIUS BUSINGE | As Uganda prepares to enter a heated election season in 2026, the government unveiled an ambitious Shs 72.1 trillion budget for the 2025/2026 financial year. Presented at Kololo …

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NCBA’s agenda for 2025 focuses on digital, green financing

The lender plans to driving corporate banking leadership through industry-specific initiatives, particularly asset finance, and invest in digital technologies Kampala, Uganda | JULIUS BUSINGE | NCBA Bank Uganda is pushing 2025 with an ambitious outlook, positioning itself to deepen its leadership in corporate banking, scale up its digital transformation efforts, and …

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dfcu partners with World Navi on Vehicle Financing offer

Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has announced a strategic partnership with World Navi Company Limited, a prominent Japan-based motor vehicle dealership, introducing a groundbreaking Vehicle and Asset Financing solution. This initiative is designed to make car ownership in Uganda more accessible, reliable, and affordable for both individuals and …

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