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
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,
Gov’t Warns Accounting Officers, Releases Shs 19.79 Trillion for Final Quarter of Fiscal Year
The Permanent Secretary to the Ministry of Finance, Ramathan Ggoobi, has issued a warning to accounting officers regarding delays in the payment of civil servants’ salaries. This comes in the wake of the government’s release of Shs 19.79 trillion for the final quarter of the 2024/2025 fiscal year. The Quarter
Uganda losses over Shs 70 billion annually in commitment fees- Auditor General
Uganda has been paying more than Shs 70 billion annually in commitment fees on loans over the past six years, according to the newly released Auditor General’s report. A commitment fee is a charge imposed by lenders on unused credit lines or un-disbursed loans. The report reveals that over the
