Kampala, Uganda | URN | The government is targeting US$5 billion in annual tourism receipts by 2030, more than three times the US$1.62 billion earned from international tourism last year, Finance Minister Henry Musasizi has said. Musasizi said achieving the target will require Uganda to go beyond increasing tourist numbers …
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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, Uganda | URN | Henry Musasizi delivered his first budget speech as Minister of Finance, Planning, and Economic Development on Thursday. The 84.4 trillion shilling 2026/2027 budget is aimed at implementing the government’s Tenfold Growth Strategy, aimed at growing to 500 billion dollars by 2040 from 53 billion in …
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Kampala, Uganda | URN | When the Minister of Finance, Henry Musasizi, presents the 84.3 trillion shillings budget for the 2026/27 financial year on Thursday, one figure will stand out among the revenue projections. The budget comes at a time when policymakers are positioning mineral resources, especially oil and gas, …
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Kampala, Uganda | THE INDEPENDENT | Minister of State for General Duties at the Ministry of Finance, Planning and Economic Development, Henry Musasizi, called on industry stakeholders to embrace innovative solutions to grow Uganda’s insurance market during the 2025 Annual Insurance Innovation Awards held recently in Kampala. Musasizi noted that …
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Kampala, Uganda | URN | As boda boda riders weave through Kampala’s traffic and households juggle rising food and transport costs across the country, Uganda’s latest tax proposals are sharpening a familiar anxiety: how much more will ordinary citizens pay, and what will they get in return? Government is finalising …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development now projects Uganda’s economy to grow at 10.4 percent next financial year. This is based on the expected commencement of the flow and exportation of crude oil by the country, with State Minister for General Duties …
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Abidjan, Côte d’Ivoire | THE INDEPENDENT | State Minister in Charge of General Duties, Henry Musasizi asked the Africa Development Bank Group (AfDB) to support Uganda’s ten-fold growth strategy. Musasizi is representing Finance Minister, Matia Kasaijja at the 60th Annual Meeting of the African Development Bank and 51st Annual Meeting of …
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KAMPALA, UGANDA | THE INDEPENDENT | Uganda and the Netherlands have been elected co-chairs of the Coalition of Finance Ministers for Climate Action, a group of 98 member countries. This came at the ongoing 2025 Spring meetings of the World Bank Group and International Monetary Fund (IMF) in Washington, D.C., …
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Kampala, Uganda | THE INDEPENDENT | Government has tabled before Parliament the Supplementary Appropriation Bill, 2025, aimed at allocating up to Shs4.8 trillion to critical priorities including defence, security and infrastructure. The Minister of State for Finance, Planning, and Economic Development (General Duties), Henry Musasizi, tabled the Bill on behalf …
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The Independent Uganda: You get the Truth we Pay the Price
