A significant diplomatic and financial fallout is unfolding between Uganda and Germany following the abrupt recall of crucial funding agreements with the German Development Cooperation (GIZ). Two pivotal government agencies, the National Planning Authority (NPA) and the Office of the…
Uganda’s journey to becoming an oil-producing nation is facing significant hurdles, with a report from the Auditor General (AG) Mr. Edward Okwakol, revealing critical delays and underfunding across major projects. According to the report, while the government had set a…
Uganda is losing staggering amounts of revenue from its mineral wealth, with a new report from the Auditor General, Edward Okwakol, revealing a Shs11 trillion loss from black market gold exports. This massive financial haemorrhage is directly undermining the government’s…
The rope-pulling between the Government of Uganda and Umeme is not about to end; the latest twist in the saga is that Umeme now demands USD 292M (approximately Shs1,062,885,840,000) as the total claim for its buyout. It should be noted…
Dr Michael Mayanja Lugemwa has been appointed Director of Finance and Operations at the Deposit Protection Fund (DPF) of Uganda, effective April 2024. The fund serves as a safeguard for depositors’ funds in financial institutions. Its primary function is to…