Tag Archives: finance

  Kampala, Uganda | THE INDEPENDENT |  Over ten thousand Parish Development Model ((PDM) SACCOS will be capitalized with funds totaling Sh3.2 trillion by the end of the financial year 2024/2025 next month. State Minister for Finance, Henry Musasizi says the money will be sent directly to the beneficiaries’ bank and …

Vatican, Rome | VATICAN NEWS | The Director of the Holy See Press Office, Matteo Bruni, told reporters on Wednesday that 180 Cardinals attended the seventh General Congregation, of whom 124 were Cardinal electors. In the first part of the meeting, the Cardinals discussed the economic and financial situation of …

Kampala, Uganda | THE INDEPENDENT | Government has presented a Shs40.7 trillion budget for the 2025/26 financial year, outlining significant investments across key sectors to drive economic growth and development. This is contained in the Appropriation Bill, 2025 tabled for its first reading by the Minister of State for Finance …

COMMENT | Gloria Kunihira Mujuni | Access to finance is a fundamental pillar for economic growth, yet many individuals, small businesses, and educational institutions in Uganda struggle with limited financial options. As Uganda continues to experience economic expansion, the role of financial institutions in providing diverse financial solutions—such as unsecured …

Kampala, Uganda | THE INDEPENDENT | The government has a spending plan that should ensure an average Ugandan earns 1,338.7 US Dollars or 4.9 million shillings per year by the end of 2025/2026. Currently,  the per capita income of Uganda stands at 1,046 dollars (3.85 million shillings) as at the end …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development has warned Accounting Officers of dire consequences for habits of deliberate poor budgeting. The warning was issued by the Permanent Secretary and Secretary to the Treasury-PSST in the Ministry of Finance, Ramathan Ggoobi, who accuses some accounting …

Global climate finance conference leaves bitter taste for Africa ANALYSIS | RONALD MUSOKE | “When the world came to Baku, people doubted that Azerbaijan could deliver. They doubted that everyone could agree. They were wrong on both counts.” Those were the parting shots of Mukhtar Babayev, the COP29 president, after a …

  Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has reaffirmed its commitment to the Digital Tax Stamps (DTS) program, emphasizing its role in strengthening tax compliance and market integrity. Isaac Arinaitwe, the Ministry of Finance’s Principal Economist, explained that the DTS program, launched in 2019, has been …

KAMPALA, UGANDA | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development has released 15.99 trillion for the second quarter. The announcement was made on Tuesday by the Permanent Secretary of the Ministry of Finance, Ramathan Ggoobi, who is also the secretary to the Treasury (PSST). According to the …

Kampala, Uganda | THE INDEPENDENT | Legislators on the Committee of Finance have questioned the manner and criteria the Uganda Revenue Authority (URA)is using to extend tax waivers to companies and individuals. While appearing before the committee, the State Minister for Finance (General Duties), Henry Musasizi said the tax waivers will …