The President also recalled the close cooperation between Uganda and Tanzania, citing trade, the East African Crude Oil Pipeline, the Murongo-Kyikagate mini-hydro project, roads in Tanzania, the Masaka-Bukoba transmission line and the Standard Gauge Railway, which has reached Isaka and is expected to extend towards Uganda and beyond.
According to Mukula, Uganda believes in the free and orderly movement of people, goods, services, and capital within the framework of regional laws and protocols, stating that it will continue to stand for the dignity of African brothers and sisters because Africa belongs to Africans.
The government has committed Ugx 257 billion to the development of Science, Technology, and Innovation (STI) infrastructure through the budget for FY2024/25.
The National Social Security Fund (NSSF) has announced an interest rate of 11.5% for the financial year 2023/2024, an increase from the 9.7% that was declared the previous year.
The Ministry of Finance and Economic Development has promised to increase the tax incentives and improve the tax policies that affect the investors in the country.
The Leader of Opposition in Parliament, Joel Ssenyonyi, has refuted claims made by Speaker Anita Among, who said that MPs who boycotted the regional parliamentary sittings in Gulu City are selfish and disrespectful to the people of Northern Uganda.