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The Independent

Why gov’t borrowed Shs270 billion less for Umeme buyout

NEWS ANALYSIS | URN | The government avoided taking on approximately 270 billion shillings in additional debt after the Auditor General’s assessment reduced the amount the Government borrowed to buy out electricity distributor Umeme Company Limited at the end of its 20-year concession. Parliament had authorised the Government to borrow …

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Kampala Marriott Hotel officially opens

Kampala, Uganda | URN | Kampala’s newest hotel has officially opened its doors to the public, adding a new layer of luxury to the city’s hospitality scene. On Thursday, President Yoweri Kaguta Museveni officially commissioned the Kampala Marriott Hotel and Executive Apartments in Nsambya, Kampala, describing the investment as an important contribution …

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PLU demands halt of public financing to Rwabogo’s PACEID

Kampala, Uganda | URN | The Patriotic League of Uganda (PLU) wants the Ministry of Finance to halt over fifty-two billion shillings (US$14 million) to the Presidential Advisory Committee on Exports and Industrial Development (PACEID). The demand is part of a widening dispute between the Chief of Defence Forces, General …

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Civil society call for fairer taxes as 2027/28 budget process begins

Kampala, Uganda | URN | Businesses and civil society organisations are calling for a broader and more equitable tax base as government begins preparations for the 2027/28 national budget. They warn that continued increases in taxes on a narrow group of businesses and consumers could undermine economic activity and government …

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Mineral production jumps 87% as extractive revenues rise 25%

Kampala, Uganda | URN | Uganda’s mineral production value almost doubled to 464.7 billion shillings in the financial year 2023/24, even as the extractive sector’s contribution to the economy declined. The fifth Uganda Extractive Industries Transparency Initiative (UGEITI) Report. The report shows that the sector’s contribution to Gross Domestic Product …

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