Kampala, Uganda | THE INDEPENDENT | Uganda and other African countries have been advised to take a keen interest in US politics. The outcome of the presidential polls later this year is poised to affect several economies across the world. Experts say, the election is important for Uganda, which …
Read More »Inside the government’s ten-fold growth strategy
Kampala, Uganda | THE INDEPENDENT | The government has embarked on an ambitious strategy of growing the economy tenfold from USD 49.5 billion as of FY 2023/2024 to USD 500 billion in the next 15 years. The NDPIV is the fourth out of the six National Development Plans for Uganda Vision …
Read More »Finance Ministry: Ogwel unfit for National Council of Sports accounting officer
Kampala, Uganda | THE INDEPENDENT | The Permanent Secretary for the Ministry of Finance, Ramadhan Ggoobi has declared Dr. Benard Patrick Ogwel, General Secretary of the National Council of Sports (NCS), unfit to continue as the council’s accounting officer. In a letter dated July 25, addressed to the NCS Chairperson and …
Read More »Gov’t releases shs6 Trillion for FY quarter one activities
Kampala, Uganda | THE INDEPENDENT | The government has released up to 5.899 trillion Shillings for various activities in the first quarter of the 2024/25 financial year. A bulk of the funds will finance the non-wage bill with an allocation of 3.371 trillion Shillings, followed by the wage bill at 1.990 …
Read More »Ggoobi calls bankers to introduce climate-focused products
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has urged financial institutions to create financial products that are in line with the protection of the environment, social support and transparency. The Permanent Secretary and Secretary to the Treasury Ramathan Ggoobi says this is because the …
Read More »PS Ggoobi tips private sector on opportunities in Uganda budget
Kampala, Uganda | THE INDEPENDENT | The Finance Ministry Permanent Secretary and Secretary to Treasury Ramathan Ggoobi has outlined budget opportunities in the UGX 72Trillion Budget for the Financial Year 2024/25, urging private sector players to take advantage of them. This, he said while delivering a keynote speech during the …
Read More »Visually impaired get brail version of budget guide
SPECIAL REPORT | THE INDEPENDENT | Visually-impaired Ugandans mainly those interested in budget transparency and accountability will now find it a little easier to follow the developments, following the introduction of the brail format of the citizen’s guide to the budget. The Citizen’s Guide to the Budget is a simplified document …
Read More »Balancing climate financing and taming rising debt, gov’t dilemma
Kampala, Uganda | THE INDEPENDENT | Amidst global calls on governments to increase funding for climate activities, Uganda is torn between allocating more of her resources to the cause and keeping the national debt levels in check. According to Uganda’s Nationally Determined Contributions as updated, in fulfilment of Article 4 of …
Read More »PS Ggoobi blocks Shs 3.5 trillion supplementary budget
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development has directed government statutory bodies to prioritise their expenditures even though the constitution gives them the freedom to use their money as they wish. This comes after the recent public reactions towards the purchase of high-end new …
Read More »Geraldine Ssali powers reduced after sh8bn scandal
Kampala, Uganda | THE INDEPENDENT | Geraldine Ssali, the Permanent Secretary at the Ministry of Trade, Industry and Co-operatives, has been dropped as Accounting Officer to the ministry after financial queries over use of up to Sh8 billion. This arose from a parliamentary probe into alleged financial misappropriation of supplementary …
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