Kampala, Uganda | THE INDEPENDENT | Parliament has given the green light for a supplementary request of Shs4.4 trillion to cover additional expenses in the 2021/2022 fiscal year. On 10 May, the finance ministry presented a Supplementary Appropriation Bill to Parliament, seeking an extra Shs4.4 trillion to address unforeseen expenses …
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Kampala, Uganda | THE INDEPENDENT l The Institute of Certified Public Accountants of Uganda (ICPAU) will hold the inaugural Public Finance Management (PFM) Conference from 18 – 20 April 2023 at the Imperial Resort Beach Hotel, Entebbe. The conference will be both physical and online. It targets accounting officers, policymakers, planners, …
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Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) on March 04, launched an shs50 billion climate finance facility, a fund that will make available finance to promote a green economy. The shs50 billion committed by UDB towards capitalization of the facility will go towards the financing of investments in …
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Kampala, Uganda | THE INDEPENDENT | Deputy Speaker, Thomas Tayebwa, has deferred decision making on the Supplementary Expenditure Schedule 1 of Financial Year 2021/22, following a deadlock. The Opposition vehemently rejected the Shs2.59 trillion supplementary expenditure, with Shadow Finance Minister Muhammad Kivumbi terming it an attempt by the Ministry of …
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Angola becomes the 35th African member to join a global group that addresses offshore tax evasion, demonstrating the growing resolve of African governments to fight tax evasion and illicit outflows – including of natural resources and wildlife Luanda, Angola | BIRD AGENCY | Angola is on a mission to be …
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Johannesburg, South Africa | THE INDEPENDENT | Absa Group has today reported strong normalised headline earnings of R21 billion ($1.15billion) for the 2022 financial year, an increase of 13% from the prior year and well above pre-COVID levels. The result, Absa Group said, was driven by significantly higher pre-provision …
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Kampala, Uganda | THE INDEPENDENT | Airtel Mobile Commerce Uganda Limited (AMCUL) in collaboration with other Fin-Tech Stakeholders recently held a dialogue on how to achieve a progressive regulatory environment that supports affordable digital financial inclusion for Uganda. The fin tech sector is regulated by the Bank of Uganda under …
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A smarter international strategy is crucial for driving greater investment toward clean-energy projects COMMENT | Sumant Sinha | Recent estimates suggest that the developing world will need $1 trillion of external climate finance annually by 2025, and $2.4 trillion per year by 2030, to meet the goals enshrined in the Paris climate …
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Xente Launches Visa Business Cards in Partnership with Visa Kampala, Uganda | LOUIS JADWONG | Godfrey Kabbyanga Baluku, State Minister for ICT and National Guidance, has said that by Xente attracting a partnership with Visa – the world’s leader in digital payments – Ugandan innovators have shown they can have an …
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A huge chunk of 2022/23 Shs48.1tn budget will go to the usual sectors of works and transport, security, health and education NEWS ANALYSIS | ISAAC KHISA | Uganda’s national budget, read on June.14, has drawn mixed reactions from various players, with manufacturers partly welcoming it but the civil society …
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The Independent Uganda: You get the Truth we Pay the Price
