Kampala, Uganda | THE INDEPENDENT | Members of Parliament sitting on the Budget Committee have asked government to consider non-taxed areas and those with revenue leakages, as part of its sources of income. According to the MPs, these areas would bridge the budgetary gaps that have kept several key priorities unfunded …
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Kampala, Uganda | PWATCH-UG| The Ministry of Finance has revealed that the Government will spend up to UGX 24.9 trillion on servicing Uganda’s public debt. This comes months after the Bank of Uganda reported that Uganda’s public debt as of August 2023 stood at UGX 88.807 trillion. The August debt …
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As the globe gathers for COP28’s first-ever Global Stocktake, Africa demands that the world’s biggest polluters to fund the fallout of their actions. SPECIAL REPORT | BIRD AGENCY | African nations are intensifying their push for substantial climate finance from the world’s biggest polluters as the 28th edition of the …
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Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank has clinched the prestigious “Sustainable Deal of the Year” award for its groundbreaking efforts in establishing the Liquidity and Sustainability Facility (LSF). This recognition, presented by Uxolo Global 2023: Development and Impact Finance and co-hosted by TXF, celebrates Afreximbank’s role in enhancing …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has accused financial technology companies, and fintechs, of refusing to apply for licenses. BOU started implementing the regulatory framework for fintechs last year and started implementing the National Payments Systems Act which provides for the regulation of the small financial …
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Kampala, Uganda | THE INDEPENDENT | Legislators on a House committee have accused Nakasongola District leaders of conniving with officials from the finance ministry of inflating budgets, thereby causing funds to be returned to the Consolidated Fund. The district leaders were appearing before the Public Accounts Committee- Local Government on Thursday, …
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Kampala, Uganda | THE INDEPENDENT | Financial institutions in West Nile have been tasked to embrace green financing in order to tackle the significant effects of climate change in the region. Green financing, also known as sustainable finance refers to services and products that support ecologically-friendly businesses and projects. It broadens …
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Unchecked financial blacklisting, fueled by regulatory zeal, is neither reasonable nor prudent COMMENT | ROBERT SKIDELSKY | Nigel Farage, the former leader of the UK Independence Party (UKIP) and the driving force behind the campaign for the United Kingdom’s exit from the European Union, recently caused an uproar when he revealed …
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The Financial Intelligence Authority explains why new EU rules are biting Kampala, Uganda | RONALDMUSOKE | Uganda’s Financial Intelligence Authority (FIA) has come out to allay the fears of some Ugandans who in recent weeks have shared their frustration via social media about their struggle to exchange money while on their …
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Kampala, Uganda | THE INDEPENDENT | The government of Uganda and individuals at family levels have been cautioned against borrowing for the sake of impressing others. The cautionary call has been sounded by seasoned Makerere University Professor of Economics, Augustus Nuwagaba amidst concern about the increasing public debate. “It is …
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The Independent Uganda: You get the Truth we Pay the Price