Inside the Shs 16.537 trillion Released for the third Quarter of FY 2025/26
The Ministry of Finance has released Shs 16.537 trillion for the last quarter of the 2025/2026 financial year. The funds were released by Ramadhan Ggoobi, the Permanent Secretary at the Ministry of Finance and Secretary to the Treasury. the released funds include Wage 2.71 trillion, Non- wage 2.898 trillion, Development
Uganda on Track for Middle-Income Status, Economic Growth Continues
The Permanent Secretary for the Ministry of Finance, Ramathan Ggoobi, has said that Uganda’s economy possesses all the key ingredients to create wealth and prosperity for all Ugandans. He noted that the various economic reforms implemented by the NRM Government over the years have laid a strong foundation for a
Private sector ends 2025 with high hopes for further expansion in 2026
Following a ten-month period of job creation, Ugandan companies saw a broad stagnation in employment levels and higher input costs during December, nonetheless driven by other factors, the monthly Stanbic Purchasing Managers Index (PMI) rose slightly to 54.0 compared to the 53.8 recorded for November 2025. Readings above 50.0 signal
Government Sets Shs40 Trillion Tax Target for URA in FY 2026/27
The government has raised the bar for the Uganda Revenue Authority (URA), tasking it to collect over Shs40 trillion in taxes to bankroll the Shs69.399 trillion national budget for the 2026/27 financial year—leaving the country to plug the remaining gap through borrowing. Finance State Minister Henry Musasizi said domestic revenue
Safeguarding Our Democracy in the Age of Artificial Intelligence
By Dr. Aminah Zawedde As Uganda approaches another electoral season, the country is also navigating a defining moment in our digital journey. Artificial Intelligence (AI) is no longer a distant concept reserved for experts and laboratories. It is here, shaping how we communicate, learn, organise, and participate in civic life.
TDB at 40: Ggoobi Credits Bank’s Evolution for Driving Regional Development
The Trade and Development Bank Group (TDB Group) has marked 40 years of operations with renewed praise from government and financial sector leaders, who credit the institution’s transformation for its growing role in financing trade, regional integration, and sustainable development across Africa. Speaking at a high-level anniversary reception in Kampala,
UEDCL Upgrades Kampala South Substation, Boosting Capacity to 34MW
Thousands of households and businesses along Entebbe Road are expected to experience improved electricity reliability following the upgrade of the Kampala South Substation from 20 megawatts to 34 megawatts by the Uganda Electricity Distribution Company Limited (UEDCL). The upgrade, recently commissioned, involved the installation of a new 10/14 MVA, 33/11
CAIA–Uganda, WNETF Lead Fight Against Illicit Alcohol in West Nile
The Coalition Against Illicit Alcohol Uganda Chapter (CAIA–Uganda), together with the West Nile Education Trust Fund (WNETF), has called for a united fight against the consumption of illicit alcohol. The call was made during a community marathon held yesterday in Arua. The marathon aimed to promote healthy lifestyle choices among
Court Orders Shumuk to Pay Shs14bn Over Illegal Occupation of Katatumba Property
A long-running property dispute in Kampala has taken another decisive turn after the High Court Commercial Division ruled that businessman Mukesh Shukla, also known as Shumuk, and three of his companies unlawfully occupied part of Shumuk House, formerly Katatumba Suites. In its decision, the court ordered Shukla to pay about
Gov’t Courts New Alcohol Brands to Strengthen Economy and Jobs
Uganda has intensified efforts to attract foreign direct investment in manufacturing, with the Minister of State for Investment and Privatisation, Evelyn Anite, calling on global alcohol brands to establish production facilities in the country. Speaking at the launch of Offshore Vodka from Australia, Vodka Cruisers from New Zealand, and Tequila
