Finance Minister Matia Kasaija has hailed I&M Bank for meeting its minimum paid-up capital requirements of up to UGX 210 billion. Minister Kasaija noted the Bank was resilient and adaptable in the face of emerging challenges, demonstrating the ability to remain financially stable, and compliant with Uganda’s new enhanced capitalisation programme, while Speaking at the Bank’s 50th anniversary celebrations that…
Finance Minister, Matia Kasaija yesterday unveiled the top four priority sectors in the 72 trillion Budget for the next Financial Year 2024/25 beginning July 1st. Presenting the National Budget at Kololo Ceremonial Grounds on June 13th, Kasaija gave a glowing perspective of Uganda’s economic outlook as, “positive and optimistic.” “The economy has remained resilient and has fully recovered from a…
Moody’s Ratings (Moody’s) one of the global leaders in credit ratings for companies, governments has downgraded the Government of Uganda’s long-term foreign-currency and local-currency issuer ratings to B3 from B2…
Most adult Ugandans, especially those who grew up in urban areas, have very fond memories of Uganda Telecom, popularly known as Uganda Telecom. Yes, memories, because despite it at one…
The government of Uganda in Q4 of FY2022/23 borrowed €500 million (UGX2 trillion) from Stanbic Bank Uganda and its parent, Standard Bank South Africa, to plug holes in its budget,…
Members of the Civil Society Budget Advocacy Group (CSBAG) have urged the government to address domestic arrears in the 2023/2024 financial year. The civil society group led by their economist,…
Uganda’s Minister of Finance, Planning and Economic Development (MoFPED), Hon. Matia Kasaija, has today told the Parliamentary Committee investigating governance and administration issues in the Fund, that the acts by…
Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, on 16th November 2022 signed a ministerial instrument, increasing the minimum capital requirements for banks by 6 times or…
The Ugandan government has tabled the National Budget Framework Paper totalling UGX49.9 trillion for the Financial Year 2023/2024. The document, which paves way for the budget approval process by Parliament,…
Uganda is a country governed on a three-arm system: The Executive, Parliament and Judiciary. Section 111 of the 1995 Constitution of Uganda, as amended in 2005, states that: “There shall…
