Tag: Henry Musasizi

Uganda buys far more from foreign countries than it sells abroad, creating a massive $4.6 billion trade gap. Because international sellers only accept US dollars, local traders are constantly scrambling to buy greenbacks, driving the dollar’s value up and shilling down.
"It is very sad to learn of the death of our brother Hon. Charles Matovu, former Member of Parliament for Busiro South, who passed on yesterday. Hon. Matovu represented his people with vigor and utmost dedication in the 11th Parliament. He was a member of the Parliamentary football team, where his tremendous contribution led us to dominate the East African Parliamentary games. My condolences go out to his family, the people of Busiro South, and the country at large. May he rest in eternal peace., Tayebwa said.

Inside Uganda’s New Cabinet: Museveni Retains Key Old Guard...

Earlier this week, President Yoweri Kaguta Museveni unveiled Uganda’s new cabinet for the 2026–2031 term, maintaining several long-serving senior...

Uganda’s Economy Records Strong 8.5% Growth in Second Quarter,...

Uganda’s economy grew by a strong 8.5% in the second quarter of the 2025/26 financial year, up from 5.4%...

Uganda Aims for Tenfold Economic Growth, Targets USD 500...

The Government of Uganda has defended its economic performance and unveiled bold new growth ambitions, setting its sights on...

Finance Minister Musasizi Advocates for Broader Tax Base to...

The Minister of State for Finance, Planning, and Economic Development (general duties)Henry Musasizi has stressed the urgent need to...

Minister Musasizi Highlights Uganda’s Transformation through Industrial Parks 

The Minister of State for General Duties, Henry Musasizi, has highlighted the establishment of 23 regional industrial and business parks across the country as a crucial pillar for socio-economic development.

What Sh72.130 trillion National Budget Passed by Parliament will...

On Thursday, May 16, 2024, Parliament passed a Shs72.130 trillion national budget for the coming financial year 2024-2025. In the...

Parliament Passes Third Supplementary Budget to Fund Construction of...

Parliament has passed the third supplementary budget presented by the government to kick-start the construction of Hoima International Stadium. The...

Will introducing new taxes solve Uganda’s revenue shortfall?

Uganda, as a developing country, has been facing persistent challenges in generating enough revenue to meet its financial needs....

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