UGX20 Billion squandered in pension scam
The Auditor General’s report for the year ending 2024 has unveiled alarming financial irregularities in the management of pension and gratuity benefits, revealing over…
Section
Economy
Growth, budgets, inflation, tax and public policy.
Uganda now officially BRICS partner country
BRICS, the Global South-led forum for economic cooperation, continues to grow in influence, as it seeks to de-dollarize and transform the international monetary and…
Optimism as October exports surge to UGX2.7 trillion
Uganda’s export earnings surged to US$744.86 million (approximately UGX2.7 trillion) in October 2024, marking a 9% increase from US$682.69 million (UGX2.47 trillion) in…
Kenyan envoy hails economic diplomacy, cooperation
The Kenyan High Commissioner to Uganda, Joash Maangi, has acknowledged the enduring “brotherhood” between Kenya and Uganda, which he said has significantly contributed…
Civil society welcomes nationwide school-feeding plan
Civil society organisations (CSOs) have welcomed the setting up of a national multisectoral working group to guide the implementation of the national school feeding…
Exports slump as coffee crisis bites
A new report by the Ministry of Finance, Planning and Economic Development has indicated that Uganda’s export earnings dropped by UGX 410.4 billion in September.
Uganda among top 20 FDI destinations in 2024
Uganda has been named among the top 20 investment destinations on the African continent in 2024.
Likely implications of Trump return for Africa
Across Africa, Donald Trump’s forth-coming second term holds various implications for the continent and its development agenda. The United States remains an important…
US election: Africa hoping for the better
Voters in the United States today go to the polls to choose the 47th president of what is the world’s largest economic and military superpower, in an election that is…
Optimism as Uganda nears full BRICS nod
Uganda has become one of the two African countries that have been admitted into the BRICS alliance in the category of ‘partner states.’
Uganda gets positive IMF growth projection
The International Monetary Fund (IMF) has painted a positive picture of Uganda’s economic growth prospects, posting a 5.9% growth projection, according to the latest…
Optimism as national economy registers 6.6% growth
Optimism as national economy registers 6.6% growth
BoU slashes key rate to 9.75% from 10.25%
The Monetary Policy Committee (MPC) of the Bank of Uganda has announced a significant reduction in the Central Bank Rate (CBR), lowering it by 25 basis points to 9.75%.
EADB gets positive credit ratings review
The East African Development Bank’s (EADB), the region’s premier development financial institution, has received positive credit results from a review of its credit…
Charcoal hikes September inflation by 0.2%
Uganda experienced a notable increase in inflation in September 2024, as headline inflation rate soared by 0.2%, consistent with the previous month.
EADB launches UGX68 bn fund for Ugandan SMEs
The East African Development Bank (EADB), the region’s leading development financial institution, has launched a new $15 million (about UGX68 billion) fund to support…
Anxiety as donor aid taps shrink further
During the recent presentation of the Budget Strategy for the Financial Year 2025/2026, officials from the Ministry of Finance, Planning and Economic Development warned…
IMF cautions Ugandan banks over treasury bonds
In a new report, the International Monetary Fund (IMF) has warned commercial banks against overreliance on Government securities saying it raises serious financial…