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Parliament has approved tax waivers of over Shs9.5 billion for selected local investors for the financial year 2024/2025. This followed the adoption of the report of the Committee on Finance, Planning, and Economic Development on approval of the waivers. The report presented by Committee Chairperson, Hon. Amos Kankunda on Thursday,

Attendees donate blood at the I&M Bank Head Office at Kingdom Kampala. I&M Bank Uganda, on Wednesday, February 19, 2025, conducted five blood donation activations, as part of its Corporate Social Responsibility, aimed at further boosting the national blood bank and help save lives. In partnership with Uganda Blood Transfusion

Auditor General Edward Akol’s tenure is facing scrutiny from Members of Parliament (MPs) over concerns about the quality of reports his office is producing. The latest controversy surrounds his forensic audit of Bujagali Electricity Limited’s tax waivers, with MPs criticizing the findings as weak and raising suspicions of corruption within

A family law expert at the Islamic University In Uganda (IUIU), Dr. Diana Musoke has warned that the Marriage Bill, 2024 has potential to destroy the institution of marriage if enacted into law. Dr. Musoke said the proposals in the Bill seek to discourage the country’s long held perception on

Tayebwa (right in purple tie) during the meetiing with the EU Parliament delegation   The Deputy Speaker, Thomas Tayebwa has urged the European Union Parliament to expedite the process of removing Uganda from its anti-money laundering and terrorism financing grey list. Tayebwa made the request while meeting the Deputy President

The government is seeking parliamentary approval to borrow US$190,988,556 (Shs697.788 billion) from Stanbic Bank to facilitate the buyout of Umeme Limited. The request was tabled by Henry Musasizi, Minister of State for Finance, during the plenary sitting on February 18, 2025. Speaker Anita Among subsequently referred the proposal to the

Secretary to the Treasury, Ramathan Ggoobi.   The Ministry of Finance has released the Second Budget Call Circular for the 2025/26 financial year, revealing that the government plans to reduce its expenditure to UGX 66.065 trillion, marking a UGX 6.049 trillion decrease from the 2024/25 budget of UGX 72.136 trillion.

China International Water and Electricity Corporation (CIWEC), the contractor for Isimba Hydropower project has come under fire for failing to come up with a tangible plan on how to resolve at least 300 defects that have riddled the dam. MPs say this puts Uganda’s investment of about US$567 Million (Shs2.076Trn)

Nandala Mafabi (C) making his submission during the committee sitting Members of Parliament have raised concerns over the Bujagali Hydropower Project's tax waiver, exposing alleged financial miscalculations and possible overcharging of Ugandans. The legislators sitting on the Committee of Finance chaired by Amos Kankunda questioned the basis for tariff computation