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 …
Read More »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, …
Read More »Uganda’s energy and mineral based industrialisation opportunities
Post-budget dialogue reveals strong prospects in extractives and energy under NDP IV, with government and UCEM urging faster implementation and inclusive investment Kampala, Uganda | JULIUS BUSINGE | When Charles Oleny Ojok, Deputy Executive Director at the National Planning Authority (NPA), took to the podium at the Uganda Chamber of Energy …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »ANALYSIS: Museveni’s state of the nation address
Progress, power, and the promise of transformation ANALYSIS | JULIUS BUSINGE | On June 5, the Kololo Ceremonial Grounds in Kampala were sealed off—an exclusive zone accessible only to those clutching invitation cards, as President Yoweri Kaguta Museveni delivered the highly anticipated State of the Nation Address. Under the afternoon sun …
Read More »How Uganda plans to spend Shs72.4tn
Navigating growth ambitions amid debt rising for the FY 2025/26 COVER STORY | JULIUS BUSINGE | Uganda’s Parliament has approved a national budget of Shs72.4 trillion (approximately US$20 billion) for the fiscal year 2025/2026 (July-June), marking a slight increase from the previous year’s Shs72.1 trillion. Finance Minister, Matia Kasaija is set …
Read More »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 …
Read More »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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