Kampala, Uganda | THE INDEPENDENT | Uganda has has secured a financing facility worth 150 Million Dollars (about 53.7 Billion Shillings) from the Arab Bank for Economic Development in Africa (BADEA) to support private sector growth. This is under the agreement signed by BADEA and the Minister of Finance, Planning …
Read More »Museveni warns world leaders on geopolitical effects on global economies
Seville, Spain | THE INDEPENDENT | President Yoweri Museveni has warned of drastic effects on the global economies from the persistent global armed and trade conflicts. He said the “unjustified wars” in different parts of the world were creating uncertainty for global trade and investment. These include the Israel-Palestine conflict, …
Read More »NRM cadres push for unity, pro-poor agenda
Kampala, Uganda | THE INDEPENDENT | As the ruling National Resistance Movement (NRM) intensifies its internal nomination process ahead of the 2026 general elections, top party leaders and aspiring candidates are calling for unity and a legislative agenda that prioritizes poverty eradication. Aspirants continue to flock to the NRM Electoral …
Read More »Uganda’s exports grow by 27% in 12 months
KAMPALA, UGANDA | Xinhua | Uganda’s exports of goods and services grew by 27 percent in the 12 months ending in March, a senior government official said Thursday. Presenting the national budget estimates for the 2025/2026 financial year, Finance Minister Matia Kasaija said exports rose from 9.56 billion U.S. dollars …
Read More »Lubowa hospital construction 68% complete
Kampala, Uganda | THE INDEPENDENT | The infrastructure development of the International Specialised Hospital of Uganda, commonly referred to as Lubowa hospital, is now at 68%, Finance Minister Matia Kasaija announced on Thursday as he delivered the Financial 2025/2026 budget speech. The 1.4 trillion Shillings, 264-bed capacity hospital project launched …
Read More »Uganda projects 7% economic growth for FY 2025/26
How the Uganda budget resource for FY2025/26 are allocated Wages & Salaries – Shs 8.57 trillion
Non-Wage Recurrent Expenditure—Shs 28.33 trillion (includes operations, wealth creation funds, science & tech, education & health grants, medicines, infrastructure maintenance, and interest payments)
Development Expenditure – Shs 18.24 trillion
Domestic …
Museveni launches new development plan
Kampala, Uganda | THE INDEPENDENT | The newly developed fourth National Development Plan (NDPIV) is ready to be implemented with effect from the beginning of the financial year 2025/2026. President Museveni launched the NDPIV on his arrival at Kololo ceremonial ground where Parliament was sitting for the budget ceremony. The …
Read More »Budget 2025/2026: Kasaija asked to avoid “Parachute” project financing
Kampala, Uganda | THE INDEPENDENT | Planners are being challenged to adhere to public investment policies if the budgetary allocations are to deliver expected tangible results. It is being realized that some of the projects with budgetary allocations in each financial year delay to take off and thereby defeating the …
Read More »CSOs push for budget accountability as finance minister prepares for June 12 presentation
Kampala, Uganda | THE INDEPENDENT | As Uganda’s Minister of Finance, Matia Kasaija, readies to present the national budget on June 12, civil society organizations have issued strong recommendations urging the government to improve fiscal discipline, enhance budget execution, and ensure meaningful service delivery. The Civil Society Budget Advocacy Group …
Read More »2025/2026 Budget: What it will take for gov’t to realise the proposals
Kampala, Uganda | THE INDEPENDENT | The National Budget for the financial year 2025/2026 is due to be read on June 12, 2025, according to the Ministry of Finance, Planning, and Economic Development. According to the proposals, the total resource envelope for the year is 71.9 Trillion Shillings, with just …
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