Government of Uganda Archives

The amount each MP is likely to get may afford such a vehicle. Courtesy photo

Each MP to get UGX200m, Down from UGX321m for Brand new car

Government has cut by UGX121 million the amount of money the Parliamentary Commission had requested in its budget for the Financial Year 2021/2022 to purchase new cars for Members of the 11th

April 27, 2021

The Big Story

Achwa 2 Hydroelectric Power Station is located across the Achwa River, in Pader District, Northern Uganda. Courtesy photo

Govt to pay Shs100b in Redeemed Cost for Failure to Evacuate Power for Pader Based Achwa 2 Dam

Failure by the Uganda Electricity Transmission Company Limited (UETCL) to construct a power transmission line to evacuate electricity from the Achwa 2 hydro dam in Pader District, will see government pay UGX300b

April 21, 2021

The Big Story

Bank of Uganda Deputy governor Dr. Michael Atingi-Ego maintains the Central Bank's capital base is not impaired

Finance Ministry backs off UGX481 billion questionable BoU recapitalization

When the Ministry of Finance tabled the Budget Framework Paper (BFP) for the Financial Year 2021/2022, there was one item that raised alarms with most of the Members of Parliament sitting on

April 19, 2021

Banking & Financial Services·The Big Story

Uganda's Finance Minister, Hon. Matia Kasaija

Cash-strapped Kasaija, trims 2021/22 budget by UGX4.36 trillion; plans to raid Petroleum Fund for UGX200 billion to patch holes in his pockets

Uganda’s Ministry of Finance, Planning and Economic Development (MoFPED) has trimmed down government planned expenditure for the Financial Year 2021/22 by at least UGX4.36 trillion, indicating anticipated failure to meet its revenue

April 19, 2021

The Big Story

Sugar, Cement added on the list of goods mandated to have digital stamps

The government of Uganda has added sugar and cement on the list of goods that are mandated to have digital stamps effective April 1, 2021. A public notice issued by Uganda Revenue

March 13, 2021

The Big Story

State Minister of Microfinance Haruna Kyeyune Kasolo who presented the bill before Parliament

SACCOs Ask Gov’t to Expedite Release of Emyooga Funds

Savings and Credit Cooperative Organizations- SACCOs have raised concern about the delay to release funds under the Emyooga program. More than 356 SACCOs were registered in Kampala Capital City Authority-KCCA to benefit

February 17, 2021

Banking & Financial Services

Minister of Energy and Mineral Development Mary Goretti Kitutu. Courtesy photo

Gov’t to Secure UGX1.4 Trillion from World Bank for Electricity Connections

The government is in advanced stages to secure UGX1.4 Trillion from the World Bank to support the free Electricity Connections Policy (ECP). According to the Minister of Energy and Mineral Development

February 4, 2021

Banking & Financial Services

We need More Time to Consult on NSSF Bill, Govt tells Parliament

The government of Uganda has told Parliament that it needs more time to consult on the National Social Security Fund (NSSF) Amendment Bill 2019 concerning which Ministry should supervise the funds. In

February 3, 2021

Politics & Goverment

MDAs Face UGX 2 Trillion Expenditure Cuts

Government Ministries, Departments and Agencies-MDAs will have to do with a little less funding in the next financial year as the Finance Ministry slashes expenditure budgets across the board due to the

February 1, 2021

Banking & Financial Services

For poultry farmers, distribution of local and exotic chicks will continue as well as breeds of animals for livestock farmers. Courtesy photo

Agricultural Sector Allocated UGX 1.5 Trillion to Boost Agro-production

The agricultural sector has been allocated UGX1.534 Trillion for the financial year 2021/2022. This is an increase more than half from the UGX940 Billion the sector got in the current budget. About

January 27, 2021

Banking & Financial Services

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