Thursday , February 13 2025

Tag Archives: economy

Uganda Development Bank goes big on sustainability agenda

Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited is fronting sustainability as a strategy to enhance business operations and secure opportunities for the future generation, according to Samuel Edem – Maitum, the bank’s director of credit. Edem was speaking to journalists in Kampala attending the 2021 World Development Finance …

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African bankers move to orient industry towards climate resilience

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has joined the Uganda Development Bank in supporting climate-friendly economic development through the financial sector. The Central bank is now developing guidelines that will help other financial institutions go beyond their own administrative environment-related policies, to ensure that the services they …

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Uganda loses UGX 20 Trillion annually to corruption – IG

Kampala, Uganda | THE INDEPENDENT | The Ugandan government loses 20 trillion Shillings every year through corruption, according to a survey conducted by the Inspectorate of Government. The Deputy Inspector General of Government (IGG) Anne Muheirwe Twinomugisha, says that the inspectorate, together with the German Society for International Co-operation, conducted a …

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MPs task gov’t on comprehensive plan on industrialisation

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have tasked government to come up with a comprehensive plan on industrialisation for the country. The followed presentatation of a ministerial policy statement by the Minister of State for Trade, David Bahati, on the commemoration of the Africa industrialisation Day and other matters …

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Parliament approves UGX 3.8 trillion supplementary budget

Kampala, Uganda | THE INDEPENDENT | Parliament has passed a supplementary budget of 3.81 trillion Shillings, mostly for stimulating the economy hit by COVID-19 and security-related interventions. Of this, at least 1.3 trillion Shillings was already spent within the 3 per cent legal limit which the government can spend and seek …

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