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 …
Read More »First oil revenue set to enter 2026/2027 Budget
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, …
Read More »Minister Musasizi pushes for innovation in insurance sector
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 …
Read More »How Uganda’s new tax levies will hit your pocket
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 …
Read More »FINANCE MINISTRY: Uganda’s economy to grow 10% in the FY2026/2027
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 …
Read More »Uganda seeks AfDB support toward ten-fold growth strategy
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 …
Read More »Uganda, Netherlands to co-chair global climate group
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., …
Read More »Govt tables Shs4.8 Trillion Supplementary Appropriation Bill
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 …
Read More »MPs raise concerns over Bujagali tax waiver
KAMPALA, UGANDA | THE INDEPENDENT | The Finance Committee of Parliament has raised concerns over the Bujagali Hydropower Project’s tax waiver, exposing alleged financial miscalculations and possible overcharging of Ugandans. Led by Committee Chairperson Amos Kankunda, the legislators questioned the basis for tariff computation and accused authorities of failing to hold …
Read More »Government seeks another tax waiver for Bujagali
Kampala, Uganda | THE INDEPENDENT | Government has tabled before Parliament, the Income Tax (Amendment) Bill, 2025 that seeks to extend the tax exemption to Bujagali Hydro Power Project up to 30 June 2025. The bill presented by State Minister for Finance (General Duties), Henry Musasizi on Tuesday, 04 February 2025 …
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