To streamline Uganda’s mortgage financing sector, the Central Bank has tabled before Parliament a Bill that seeks to protect borrowers’ properties from being attached. The Mortgage Refinancing Institutions Bill 2025, which was tabled before the Parliament last week, states that…
The government of Uganda has secured a significant €85 million (approximately Shs 340 billion) development loan from France, aimed at enhancing water infrastructure and urban development in the Greater Kampala Metropolitan Area (GKMA). This funding, announced by Finance Minister Matia…
The advent of electronic banking has revolutionized the way people conduct financial transactions. However, according to business analysts at the Publicisteastafrica.com this convenience has also introduced new risks, particularly in the form of electronic fraud. In Uganda, several banks are…
Uganda’s government is seeking a massive loan to finance the buyout of Umeme Limited, the country’s main electricity distributor, as its 20-year concession comes to an end on March 31, 2025. The government is negotiating with Stanbic Bank to secure…
Uganda’s agricultural sector is poised for a significant turnaround, thanks to the government’s focus on leveraging Agriculture Technology (Agritech). This was revealed by Matia Kasaija, the Minister of Finance, Planning and Economic Development, who was speaking at the Uganda-EU Business…
In a significant move to address a major financial scandal, the Ministry of Finance, Planning, and Economic Development has appointed Godfrey Ssemugooma as the Acting Accountant General. This decision follows the interdiction of nine senior officials implicated in a Shs 60 billion (USD…
The Government of Uganda has set an ambitious target of expanding the country’s Gross Domestic Product (GDP) from USD 50 billion in FY 2022/23 to USD 500 billion by 2040. This tenfold increase is expected to be driven by key…
The Government of Uganda raised a total of Shs982.61 billion from auctioning of two treasury bills and one Treasury bond in the month of March 2024. Particularly, Shs501.53 was from Bills while Shs 481.08 billion was from the Bond auction.…
The East African Crude Oil Pipeline secured lead insurers within the country with the approval of the Insurance Regulatory Authority-IRA. The IRA Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega told journalists in Kampala that the insurance question around the project…
President Yoweri, in accordance with Article 174(2) of the 1995 Constitution of the Republic of Uganda, he has made reshuffles in the positions of Permanent Secretaries, in which Keith Muhakanizi has been replaced by renowned economist Ramadhan Ggoobi as the…
Gov’t projects a sh2Trillion revenue shortfall in the first quarter of Financial Year 2021/22 as a result of the on-going nationwide total lockdown in which businesses are closed down, the Finance Ministry Permanent Secretary/ Secretary to Treasury Patrick Ocailap has…