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TodayMonday, April 27, 2026

Economic impact of Covid-19 on Ugandan economy

Although the budget was passed in record time, MPs recommended that the government reviews and revises the National Budget for the financial year 2020/2021 after the full effect of the COVID-19 on the economy is ascertained. They also urged government to halt all wasteful expenditures and to prioritise strengthening revenue mobilization, which have stagnated at below 16% of GDP for the past years.

Uganda Parliament passes UGX45.5 trillion budget for FY 2020/2021

Parliament of Uganda, sitting on April 24th 2020, passed the Appropriation Bill 2020, approving UGX45.5 trillion budget for the next Financial Year- 2020/2021. This is a 12.3% increase from last year’s UGX40.5
April 25, 2020
Ministry of Health Permanent Secretary Dr Diana Atwiine (left) receives a cheque worth UGX 100M from Stanbic CEO Anne Juuko (2nd right) as contribution towards the COVID-19 fight by government. Looking on is the Stanbic Corporate Social Investments Manager, Barbara Kasekende.

Stanbic Uganda offers loan holidays to customers impacted by COVID-19

Stanbic Bank Uganda has announced loan holiday packages for business and personal clients affected by the COVID-19 global pandemic. Stanbic Bank Uganda’s Chief Executive Anne Juuko said, “We understand that the situation
April 9, 2020
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