Unchecked financial blacklisting, fueled by regulatory zeal, is neither reasonable nor prudent COMMENT | ROBERT SKIDELSKY | Nigel Farage, the former leader of the UK Independence Party (UKIP) and the driving force behind the campaign for the United Kingdom’s exit from the European Union, recently caused an uproar when he revealed …
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The Financial Intelligence Authority explains why new EU rules are biting Kampala, Uganda | RONALDMUSOKE | Uganda’s Financial Intelligence Authority (FIA) has come out to allay the fears of some Ugandans who in recent weeks have shared their frustration via social media about their struggle to exchange money while on their …
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Kampala, Uganda | THE INDEPENDENT | The government of Uganda and individuals at family levels have been cautioned against borrowing for the sake of impressing others. The cautionary call has been sounded by seasoned Makerere University Professor of Economics, Augustus Nuwagaba amidst concern about the increasing public debate. “It is …
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Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance, in charge of General Duties, Henry Musasizi has said that sh22 billion has been released to the Ministry of Health to pay and deploy the interns. Health Minister Ruth Aceng however said the sh22 billion is not enough. She …
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There is no path to a green, just, and prosperous shared future that does not have Africa at its core Kampala, Uganda | THE INDEPENDENT | Africa bears virtually no responsibility for the greenhouse-gas emissions driving the climate crisis. It is not responsible for the conflicts or supply-chain disruptions that have …
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Priority on human development, security, energy, transport COVER STORY | ISAAC KHISA | Finance Minister, Matia Kasaija, on June 15 hit several optimistic notes for next Financial Year when announcing a Shs52.7 trillion budget. That is a 10% jump from the Shs48 trillion last financial year and the biggest rise in …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt to GDP will reduce by the end of this financial year as the government tries to ensure economic stability and future growth. According to Finance Minister, Matia Kasaija, Uganda’s public debt stood at 80.2 trillion shillings or over twenty-one billion dollars …
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Kampala, Uganda | THE INDEPENDENT | Civil society organisations in Uganda have warned that the 2023/24 national budget will not be achieved and neither does it respond to the current needs of the country. The parliament has approved a budget worth 52 trillion Shillings, which is bigger than the outgoing …
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Banks are ready to finance the sector but with stringent conditions Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …
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Kampala, Uganda | THE INDEPENDENT | Parliament has given the green light for a supplementary request of Shs4.4 trillion to cover additional expenses in the 2021/2022 fiscal year. On 10 May, the finance ministry presented a Supplementary Appropriation Bill to Parliament, seeking an extra Shs4.4 trillion to address unforeseen expenses …
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The Independent Uganda: You get the Truth we Pay the Price