Abidjan, Côte d’Ivoire | THE INDEPENDENT | State Minister in Charge of General Duties, Henry Musasizi asked the Africa Development Bank Group (AfDB) to support Uganda’s ten-fold growth strategy. Musasizi is representing Finance Minister, Matia Kasaijja at the 60th Annual Meeting of the African Development Bank and 51st Annual Meeting of …
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KAMPALA, UGANDA | THE INDEPENDENT | Uganda and the Netherlands have been elected co-chairs of the Coalition of Finance Ministers for Climate Action, a group of 98 member countries. This came at the ongoing 2025 Spring meetings of the World Bank Group and International Monetary Fund (IMF) in Washington, D.C., …
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Kampala, Uganda | THE INDEPENDENT | Government has tabled before Parliament the Supplementary Appropriation Bill, 2025, aimed at allocating up to Shs4.8 trillion to critical priorities including defence, security and infrastructure. The Minister of State for Finance, Planning, and Economic Development (General Duties), Henry Musasizi, tabled the Bill on behalf …
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KAMPALA, UGANDA | THE INDEPENDENT | The Finance Committee of Parliament has raised concerns over the Bujagali Hydropower Project’s tax waiver, exposing alleged financial miscalculations and possible overcharging of Ugandans. Led by Committee Chairperson Amos Kankunda, the legislators questioned the basis for tariff computation and accused authorities of failing to hold …
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Kampala, Uganda | THE INDEPENDENT | Government has tabled before Parliament, the Income Tax (Amendment) Bill, 2025 that seeks to extend the tax exemption to Bujagali Hydro Power Project up to 30 June 2025. The bill presented by State Minister for Finance (General Duties), Henry Musasizi on Tuesday, 04 February 2025 …
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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 …
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Kampala, Uganda | THE INDEPENDENT | Parliament has approved a government request to borrow up to Euro 110,543,947.52 (about Shs 450 billion) from Standard Chartered Bank to finance the Kitgum-Kidepo Road upgrading project. The 115 km Kitgum-Kidepo Road in North Eastern Uganda, connects the Kitgum and Kaabong districts. The motion for …
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Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance, Hon. Henry Musasizi, has said government is engaging the World Bank on its decision to cut financing of projects in Uganda. “We are negotiating with the World Bank but should we fail to agree, then we shall make some decisions …
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Kampala, Uganda | THE INDEPENDENT | Lawmakers have criticised a supplementary expenditure of Shs57.6 billion under the Ministry of Energy and Mineral Development to cater for an out of court settlement to a United States based energy company, Albatross. Members of Parliament on the Budget Committee made their reservations while receiving responses …
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Kabale, Uganda | THE INDEPENDENT | A disagreement has emerged between Henry Musasizi, the State Minister of Finance for General Duties, and Raphael Magyezi, Minister for Local Government over the creation of Kabale city. In 2019, Kabale Municipality was listed among municipalities that will be elevated to city status in 2023. …
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The Independent Uganda: You get the Truth we Pay the Price
