Retirement savings hit Shs 36t as gov’t pushes for pension reforms to drive economic growth
Uganda’s retirement benefits sector has reached a total pension assets growth of Shs36 trillion, prompting government to rally the Uganda Retirement Benefits Regulatory Authority (URBRA) to accelerate pension reforms and channel the growing pool of long term savings into the country’s ambitious Tenfold Growth Strategy. The call was made by
Gov’t targets Shs45.6 trillion in domestic revenue for FY2026/27 budget
The Government has set an ambitious target of collecting Shs45.6 trillion in domestic revenue during the 2026/27 Financial Year with an aim to finance Uganda’s development agenda through locally generated resources while strengthening fiscal discipline, preparing for oil revenues and reducing dependence on borrowing. The target, announced by the Ministry
Inside Uganda’s Shs 72T Budget: Climate Action, Justice Rise Amid Debt Pressure
Government has placed environmental protection, disaster preparedness and access to justice at the centre of its Shs 72 trillion 2026/27 national budget, signalling a shift towards sustainability and institutional strengthening even as fiscal pressures continue to mount. Presenting the budget, Finance Minister Henry Musasizi said the fiscal plan is anchored
Gov’t Backs Coffee Value Addition at Africa Coffee Park
The Minister of State for Finance, Planning and Economic Development (General Duties), Henry Musasizi, has reaffirmed the Government’s commitment to agro-industrialisation and coffee value addition in Uganda. Speaking during his visit to the Africa Coffee Park in Ntungamo, Musasizi assessed progress on construction works and evaluated the implementation of coffee
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
Gov’t to Borrow Shs 422.7b for South Sudan Power Project
The government is seeking to borrow Shs 422.7 billion (approximately $121.9 million) from the African Development Fund (ADF), the concessional arm of the African Development Bank (AfDB), to finance the South Sudan Power Interconnection Project, Daily Star has learned. According to the Order Paper for today’s parliamentary sitting, Henry Musasizi,
Uganda Assumes Role of Co-Chair of the Coalition of Finance Ministers For Climate Action
Uganda assumed the co-chairmanship role of the Coalition of Finance Ministers for Climate Action at the 2025 Spring meetings of the World Bank Group and International Monetary Fund in Washington D.C., United States of America. Uganda will co-chair with the Netherlands. The Minister of State for Finance in charge of
