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Tag: Ministry of Finance

As Uganda Electricity Distribution Company Limited (UEDCL) officially takes over electricity distribution from Umeme, outgoing board chairman Patrick Bitature has tasked the new management board to prioritize a zero-tolerance policy on corruption in ensuring the new...
Police in Kampala have reported a number of fatal incidents that claimed the lives of four people during Eid celebrations. The Kampala Metropolitan Police (KMP) spokesperson, SSP Patrick Onyango, attributed these occurrences to a range of causes,...

Stalled Construction of Namanve Industrial Park Irks Investors

The construction works to upgrade the infrastructures at Namanve Industrial Park have continued to stall despite several leniencies to...

Excuses Won’t Build Namanve: Lagan Dott Ltd Must Deliver

I recently had a conversation with a friend who runs a company based in Namanve. Somehow, our discussion shifted...

Finance Ministry to Set Up ICT Hub to Stir...

The main goals of the modern incubation hub in Entebbe include fostering innovation, supporting startups, enhancing collaboration, capacity building, and commercialization, among others. 

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.

Minister Musasizi Rubbishes Besigye’s Allegations of Running Economy on...

A recent research report by Initiative for Social and Economic Rights (ISER) indicates that the total budget for FY 2024/25 is a staggering UGX 72.1 trillion, marking a significant increase of UGX 14.1 trillion from the initial proposal of UGX 58 trillion.

Recognizing Role of Community Health Workers in Health Promotion,...

CHWs commitment as the first contact of the community with the health system is particularly beneficial in rural areas that have limited access to health care and cannot go unnoticed.

How Uganda’s Tourism Sector has Evolved to Boost Economic...

With the budget strategy for Financial Year 2025/2026 looking at strengthening economic growth, tourism development is seen as one of the major sectors to be boasted in order to achieve accelerated growth.

DP Confirms Lumu’s Consultation Plan on Proposed Administration Parliament...

Lumu’s proposal was met with many diverging views, as most opposition MPs maintained that the proposed bill was meant to weaken the opposition. 

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