Edward Akol (Left), the Auditor General handing over the report to deputy speaker Thomas Tayebwa The Auditor General has revealed the most profitable and loss-making public corporations and state enterprises. According to the Annual Report of the Auditor General for the Year Ended 31st December 2024 presented to Parliament recently,
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By Immaculate Namanda With a population of 45.9 million, Uganda has experienced significant growth in the adoption of digital financial services. Approximately 20 million people now engage in mobile money transactions nationwide, a clear indication of the growing shift toward financial technology. This adoption also prompted banks to expand their
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Analysts say Uganda's national budgets are unrealistic A section of MPs on Parliament’s Trade Committee have admitted that the national budgets they have been approving are ambitious and unrealistic, with evidence indicating that Government hasn’t been able to raise even Shs50Trn in the any of the last three financial years,
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The best way to plan ahead is often to look back to see the patterns emerge. Today’s article offers a recap of key patterns and trends that shaped the coffee industry throughout 2024, to help craft a strategy for 2025. Once buoyed by low coffee prices, low interest rates, and
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Christopher Legilisho, Economist at Stanbic Bank The monthly Stanbic Purchasing Managers’ Index (PMI), which provides a measure of prevailing private sector outlook, dropped to 53.1 during December compared to the 55.7 reading posted in November. Christopher Legilisho, Economist at Stanbic Bank said, “Stanbic Bank Uganda PMI data for December reveals
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A polling official assist a voter to cast a ballot. By Denis Jjuuko Just like that, we are in 2025. It was just the other day when politicians were all over the place, crisscrossing our beautiful country telling stories and endearing themselves to the voters. The season for political
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President Yoweri Museveni officially launched the Parish Development Model (PDM) at Kibuku Primary School, Kibuku District in Bukedi Sub-region in 2022 In a bid to reduce on the number of households still gripped in subsistence economic activities and way of survival (mainly through rudimentary agriculture, gathering & hunting), President Museveni
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For many years, President Museveni has been very passionate about diminishing the levels of poverty and material deprivation among the people of Uganda. The 2024 census final report shows that Uganda, as of May 2024, had 10.7m households of which 3.5m (or 33%) were living under very depriving poverty
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Henry Musasizi, the Minister of State for Finance (General Duties) Uganda’s economic outlook is positive and optimistic, the Ministry of Finance, Planning and Economic Development. has said. Henry Ariganyira Musasizi, the Minister of State for Finance, Planning and Economic Development (General Duties) made the revelation recently while updating the country
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Sanjay Rughani, the Managing Director at Standard Chartered Bank Uganda Standard Chartered PLC, the parent company of Standard Chartered (StanChart) Bank Uganda announced a set of actions to concentrate resources where they “have the most distinctive client proposition, in order to better support our clients." Under this arrangement, the bank intends to
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