Tag: Minister of Finance

The kidnappers held her captive for nearly three weeks, demanding up to $1 million before accepting about $200,000 (approximately UGX 700 million). During her captivity, they cut off two of her fingers and sent them alongside a video of her pleading for help to pressure her family into paying the ransom.
Akena referred to historical statements by President Museveni acknowledging the destruction of food supplies and the destitution of about 2.7 million people during that period. He argued that the loss of cattle deprived communities of daily nutrition, household income, school fees, draft power, and soil fertility, leaving effects that continue to be felt today.

General Moses Ali Dies at 87: The End of...

General Moses Ali belonged to a generation that witnessed colonial rule, independence, military governments, civil conflict, and national reconstruction. Admired by supporters for his endurance and commitment, and viewed by others through the complexities of Uganda’s political history, he remained one of the country’s most consequential public figures.

African Finance Ministers Unite in Lusaka to Drive Climate-Smart...

Africa’s finance ministers have converged in Lusaka, Zambia, for the second African Regional Meeting of the Global Coalition of...

Uganda Opens Doors to UAE Investors in Multi-Sector Growth...

After four days of high-level discussions, the 4th Uganda–UAE (United Arabs Emirates) Business Forum concluded at Munyonyo on Wednesday,...

Minister Nyamutoro Advocates Agricultural Tech, Sustainable Mining At Uganda-EU...

The Minister of State for Energy and Mineral Development, Phiona Nyamutooro, has called on stakeholders to explore advancements in...

Speaker Among Demands Explanation on Idle Tractors Distributed to...

The tractors are a component of the mechanization program that President Museveni started in December 2022 to help Ugandan farmers. Noting that agriculture continues to be the foundation of Uganda’s economy, Nabbanja asked local authorities to assist farmers in adopting modern farming practices.

DP Lauds Finance Ministry for Lowering Monthly Money Lending...

The directive is in accordance with section 89(1) of the Tier 4 Microfinance Institutions and Money Lenders Act, which states that the maximum interest rate that a money lender shall charge on the principal or the actual sum of money advanced as a loan to a borrower is two point eight percent (2.8%) per month or thirty-three point six percent (33.6) per annum.

LOP Raises Alarm over UGX 723Bn Investment in Dei...

Before the government makes any financial commitment to a company, there must be due diligence done, and it is imperative for the government to prioritize accountability in all public expenditures, particularly in high-stakes commitments such as Dei Biopharma Company.

NSSF Announces Increased Interest Rate of 11.5% for 2023-2024,...

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.

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