The Arab Bank for Economic Development in Africa (BADEA) and Uganda have signed two Facility Agreements totaling $150 million to drive private sector development. The agreements were formalized by BADEA president Abdullah Almusabeeh and Matia Kasaija, the minister for Finance, Planning and Economic Development, during the 41st board of governors meeting of the Trade and…
Uganda Development Bank(UDB) announced a robust performance for 2024 registering a profit of Shs 57.8 billion. This marks a 16% increase from Shs 49.8 billion in 2023. During the release of the bank’s performance report yesterday, Dr. Patricia Ojangole, UDB’s managing director, emphasized the bank’s focus on resource efficiency and innovative funding to enhance its…
The Ministry of Finance has unveiled a Shs72.136 trillion national budget for the 2025/2026 financial year, setting its sights on transforming every corner of the country into a hub of commercial activity. Presented by Finance Minister Matia Kasaija at the Kololo Ceremonial Grounds yesterday, the budget signals a strong shift towards full monetisation of Uganda’s…
Parliament has approved a government proposal to borrow up to €270 million (Shs 1.1 trillion) from the African Export-Import Bank (Afreximbank) and €230 million (Shs 940 billion) from Ecobank Uganda and the Development Bank of Southern Africa (DBSA) to finance the 2024/2025 national budget. This amounts to €500 million (Shs 2 trillion). The debate on…
Government today officially launched the National Budget Month for 2025/26, emphasizing its commitment to inclusive and transparent governance in public resource management. The launch, presided over by Matia Kasaija, the minister of Fiance, also introduced the National Public Investment Management (NPIM) Policy, a transformative framework aimed at revolutionizing Uganda’s public investment planning, implementation, and monitoring….
